Somnigroup International Inc. (SGI), Thursday announced first-quarter financial results, reporting a net loss of $33.1 million, or $0.17 a share, compared to earnings of $76.3 million, or $0.43 a share, last year.
On adjusted basis, earnings totaled $97 million, or $0.49 a share, compared to $89.7 million, or $0.50 a share, in the previous year.
On average, analysts estimated earnings of $0.47 per share for the quarter.
Net sales rose 34.9 percent, to $1.604 billion from $1.189 billion in the prior year.
Additionally, the company revised its adjusted earnings to the range of $2.30 to $2.65 per share for the full year 2025.
Meanwhile, analysts see earnings of $2.78 per share for the same period.
In the pre-market hours, Somnigroup's stock is trading at $56.24, down 7.18 percent on the New York Stock Exchange.
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