Filing Flows › Somnigroup International (SGI) › Q4 2024
Somnigroup International (SGI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 28, 2025
Somnigroup International (SGI) reported revenue of $1.2B for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and -7% from the quarter before. Operating margin was 10.6%, net earnings $72.6M (6.0% of revenue).
Somnigroup International, Q4 2024: revenue $1.2B (+3% year over year), operating margin 10.6%, net earnings $72.6M, operating cash flow $129M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -7% | +3% |
| Gross profit | $523M | -11% | +2% |
| Operating profit | $128M | -37% | +5% |
| Net earnings | $72.6M | -44% | -7% |
| Operating cash flow | $129M | -50% | +42% |
| Free cash flow | $108M | -55% | +83% |
What changed
Revenue was $1.2B in Q4 2024, up 3% year over year and down 7% from the previous quarter.
Gross margin was 43.3%, down 0.5 points from a year earlier. Operating profit was $0.13B, a 10.6% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 10% margin then. Operating expenses grew 1% against revenue growth of 3%. Net earnings were $0.07B, down 7% year over year. The effective tax rate was 24.1%.
Operating cash flow was $0.13B (up 42% year over year), 178% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.11B.
Questions
What was Somnigroup International's revenue in the fourth quarter 2024?
Somnigroup International (SGI) reported revenue of $1.2B for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and -7% from the quarter before.
Was Somnigroup International profitable in the fourth quarter 2024?
Operating profit was $128M (10.6% of revenue) and net earnings $72.6M.