Victoria Piskarev's questions to Somnigroup International Inc (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 mitigating actions being taken.
Answer
EVP & CFO Bhaskar Rao stated that their tariff outlook is largely unchanged from Q1, with the primary exposure related to steel and aluminum impacting adjustable bases, and a lesser impact from textiles due to USMCA rules. Chairman, President & CEO Scott Thompson added that the industry as a whole has effectively mitigated the known tariff exposure through supply chain adjustments, cost savings, and small price increases.