Victoria Piskarev's questions to SOMNIGROUP INTERNATIONAL (SGI) leadership • Q2 2025
Question
Victoria Piskarev, on for Rafe Jadrzyk, asked for details on the company's tariff exposure, including the specific components affected and the mitigating actions being taken.
Answer
CFO Bhaskar Rao stated that the company's view on tariffs hasn't significantly changed, with the primary exposure related to steel and aluminum for adjustable bases, and a lesser impact from textiles due to USMCA issues. CEO Scott Thompson added that the industry as a whole has effectively mitigated the known tariff exposure through supply chain adjustments, cost savings, and minor price increases.