SGI Q2 net income +11% to $110.6M as revenue slips 3%; $2.5B Leggett & Platt deal announced

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Net income rose 11.2% to $110.6M (diluted EPS $0.52, +10.6%) despite a 3.0% revenue decline to $1.82B, as operating income grew 12% to $201.7M on Mattress Firm synergies and margin expansion.

  MD&A: Operating Results verify on EDGAR →
• high

  Company announced $2.5B all-stock acquisition of Leggett & Platt (bedding-component supplier), expected to close Q3 2026 pending shareholder and regulatory approvals; Leggett & Platt will operate as a separate business unit.

  MD&A: Leggett & Platt Acquisition verify on EDGAR →
• high

  Leverage improved to 2.99x (from 3.56x a year earlier) as total debt fell $281M to $4.44B; company refinanced credit facilities in July 2026, extending maturities to 2031 and prepaying $700M of Term B Loan.

  MD&A: Liquidity & Capital Resources verify on EDGAR →