Victoria Piskarev's questions to Somnigroup International Inc (SGI) leadership • Q2 2025
Question
Victoria Piskarev, on for Rafe Jadrzyk, asked about the specific components of the company's tariff exposure and the actions being taken to mitigate the impact.
Answer
CFO Bhaskar Rao explained that the company's thinking on tariffs hasn't changed significantly since Q1, with the primary exposure related to steel and aluminum, which mainly impacts adjustable bases. He noted a secondary, smaller exposure related to textiles. CEO Scott Thompson added that the industry as a whole has effectively managed the known tariff exposure through supply chain adjustments, cost savings, and minor price increases.