Tempur Sealy International

Tempur Sealy International, Inc. develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. Its products include mattresses, adjustable bases, pillows and other sleep and relaxation products. The firm's brands include Tempur, Tempur-Pedic, Sealy featuring Posturepedic Technology and Stearns & Foster. The company was founded by Robert B. Trussell, Jr. in 1992 and is headquartered in Lexington, KY.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Tempur Sealy reports strong Q4 results, eyes international expansion

Tempur Sealy International (TPX) delivered strong Q4 2022 results, showcasing growth in sales and EPS, while addressing challenges in net sales declines through strategic adjustments.
The company's focus on product quality, brand promotion, and market expansion presents opportunities for sustained growth and profitability amidst industry recovery and market turbulence.
With a proactive approach to acquisitions and market opportunities, Tempur Sealy is well-positioned to navigate challenges, capitalize on opportunities, and drive long-term success in the bedding industry.
Anticipated industry trends, stable market expectations, and strategic initiatives position Tempur Sealy for continued outperformance and growth, setting a positive trajectory for the company's future.

Tempur Sealy reports Q1 decline, eyes growth through acquisitions

Tempur Sealy's Q1 performance saw a decline in sales and adjusted EPS, but the company remains optimistic about future growth driven by strategic initiatives and market outperformance. The acquisition of Mattress Firm is expected to enhance synergies and drive profitability, although challenges in integration and risk management persist.

Tempur Sealy reports robust Q2 performance amidst market challenges

Tempur Sealy International (TPX) delivered strong Q2 results with growth in key markets and successful product launches.
While facing challenges from industry expectations and commodity prices, the company is focused on recovery and market stimulation.
Opportunities lie in improving cash flow, resolving operational issues, and capitalizing on advertising strategies.
Overall, Tempur Sealy remains resilient and adaptive in a changing market landscape.

Tempur Sealy reports robust Q3 performance and strategic growth plans

Tempur Sealy's Q3 2023 performance reflects strong sales, margin improvement, and strategic investments for future growth.
The company's brand strength, successful refinancing, and progress with acquisitions position it well for market expansion and sustained performance.
Challenges in commodity costs, regulatory matters, and customer segments require ongoing management, but opportunities in advertising, new markets, and product innovation offer avenues for growth.

Tempur Sealy reports solid Q4 earnings, eyes growth opportunities

Tempur Sealy's Q4 performance met expectations with a focus on financial strength and product innovation. The company aims to reduce leverage, expand retail relationships, and capitalize on the pending Mattress Firm acquisition for growth.

Tempur Sealy reports strong Q1 results, eyes growth opportunities

Tempur Sealy International (TPX) demonstrated solid financial performance in Q1 2024, driven by successful product launches and operational efficiencies.
While facing challenges such as fluctuating sales trends and market deceleration in the U.K., the company is strategically positioned for growth through new distribution channels and pending acquisitions.
Opportunities lie in driving consumer interest, expanding international business, and leveraging margin improvements to enhance profitability and market competitiveness.

Tempur Sealy International reports robust Q2 earnings and growth outlook

Tempur Sealy International delivered a strong Q2 performance with notable sales and earnings growth, driven by effective cost controls and margin expansion.
While facing industry challenges and adjusting marketing strategies, the company remains well-positioned to capitalize on opportunities for continued growth and value creation.
With a focus on innovation, market expansion, and financial discipline, Tempur Sealy International aims to navigate market dynamics and deliver sustained shareholder value.

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Tempur Sealy International, Inc. engages in developing, manufacturing, marketing, and distributing bedding products. Its brands include Tempur, Tempur-Pedic, Sealy, and Stearns and Foster. It operates through the North America and International geographical segments. The North America segment includes Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. The International segment refers to Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. The company was founded by Robert B. Trussell, Jr. in 1991 and is headquartered in Lexington, KY.

I downgrade Tempur Sealy International (TPX) from buy to hold due to limited upside potential despite strong fundamentals and recent share price increase. TPX's 3Q24 results show 2% y/y revenue growth, driven by international sales, and a 7% y/y increase in adj EPS to $0.82. The upcoming Sealy Posturepedic launch and potential consumer spending recovery in 2025 could drive volume growth.

Tempur Sealy International: Rating Downgrade As Upside Is Limited From Current Share Price

Tempur Sealy International, Inc. (NYSE:TPX ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Aubrey Moore - Investor Relations Scott Thompson - Chairman, President and Chief Executive Officer Bhaskar Rao - Executive Vice President and Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs Bobby Griffin - Raymond James Rafe Jadrosich - Bank of America Michael Lasser - UBS Peter Keith - Piper Sandler Seth Basham - Wedbush Securities Brad Thomas - KeyBanc Capital Markets Judy Merrick - Truist Laura Champine - Loop Capital Operator Good day, everyone, and welcome to the Tempur Sealy Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Tempur Sealy International, Inc. (TPX) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Tempur Sealy (TPX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Tempur Sealy (TPX) Q3 Earnings: A Look at Key Metrics

Tempur Sealy (TPX) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.77 per share a year ago.

Tempur Sealy (TPX) Beats Q3 Earnings and Revenue Estimates

LEXINGTON, Ky. , Nov. 7, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that its Board of Directors has declared a fourth quarter cash dividend on its common stock of $0.13 per share.

Tempur Sealy Announces Fourth Quarter Cash Dividend

- Consolidated Sales Growth of 2% - Consolidated Gross Margins Expands - EPS Growth of 14% and Adjusted EPS(1) Growth of 7% - Robust Third Quarter Cash Flow from Operations of $257 Million LEXINGTON, Ky. , Nov. 7, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the third quarter ended September 30, 2024 and narrowed financial guidance for the full year 2024.

Tempur Sealy Reports Third Quarter Results

#1 in Customer Satisfaction for both Mattresses Purchased In-Store and Online for 2024* LEXINGTON, Ky. , Nov. 6, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy"), the company synonymous with innovation in the mattress industry, today announced that its Tempur-Pedic® brand was ranked #1 in Customer Satisfaction for Mattresses Purchased In-Store in the J.D.

Tempur-Pedic Recognized as the Most Awarded Brand in the History of the J.D. Power U.S. Mattress Satisfaction Study*

Beyond analysts' top -and-bottom-line estimates for Tempur Sealy (TPX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Insights Into Tempur Sealy (TPX) Q3: Wall Street Projections for Key Metrics

–  Expects to use Term Loan B proceeds to fund the expected acquisition of Mattress Firm –  Aligns availability period of Delayed Draw Term A Loan commitments LEXINGTON, Ky. , Oct. 25, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that it has successfully closed on a senior secured Term Loan B facility in an aggregate principal amount of $1.6 billion (the "Term Loan B").

Tempur Sealy Announces Close of $1.6 Billion Term Loan B Facility

LEXINGTON, Ky. , Oct. 15, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) will release its financial results for the third quarter ended September 30, 2024, before the NYSE opening of regular trading on Thursday, November 7, 2024.

Tempur Sealy International to Report Third Quarter Financial Results

–  Expects to use Term Loan B proceeds to fund the proposed acquisition of Mattress Firm LEXINGTON, Ky. , Oct. 4, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that it has successfully priced its previously announced senior secured Term Loan B facility in an aggregate principal amount of $1.6 billion (the "Term Loan B").

Tempur Sealy Announces Pricing of $1.6 Billion Term Loan B Facility

–  Company Argues FTC is Violating Constitutional Protections LEXINGTON, Ky. , Oct. 4, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today filed a complaint in the United States District Court for the Southern District of Texas (the "Southern District of Texas") seeking an injunction against the Federal Trade Commission's ("FTC") administrative proceeding challenging the Company's merger with Mattress Firm Group Inc. ("Mattress Firm").

Tempur Sealy Files Case to Enjoin FTC's Administrative Merger Challenge

Tempur Sealy International, Inc. TPX is pushing forward with its plans to acquire Mattress Firm, despite an ongoing legal challenge from the Federal Trade Commission. The company has agreed to sell its Sleep Outfitters subsidiary and a portion of Mattress Firm's footprint.

Tempur Sealy to Sell Over 100 Stores to Close $4B Mattress Deal

Tempur Sealy International (TPX) on Monday said it has taken steps to get its planned $4 billion takeover of rival Mattress Firm approved by regulators.

Tempur Sealy Takes Steps To Get Approval of Its Mattress Firm Deal

Tempur Sealy International said on Monday it plans to sell more than 100 stores in a bid to get regulatory approval for its $4 billion deal with Mattress Firm.

Tempur Sealy to divest more than 100 stores in bid to close $4 bln Mattress Firm deal

– Expects to use proceeds to fund the proposed acquisition of Mattress Firm  – Anticipates drawing on the loan concurrent with closing the proposed acquisition LEXINGTON, Ky. , Sept. 23, 2024  /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that it is launching a proposed senior secured Term Loan B facility in an aggregate principal amount of up to $1.6 billion (the "Term Loan B").

Tempur Sealy Announces Proposed $1.6 Billion Term Loan B Facility

The litigation process is progressing; hearing dates set to begin in November 2024  Executed agreement with Mattress Warehouse to divest certain Mattress Firm and Sleep Outfitters retail locations, subject to closing the Mattress Firm acquisition LEXINGTON, Ky. , Sept. 23, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today provided an update with respect to the Company's agreement to acquire Mattress Firm Group Inc. ("Mattress Firm"), which is currently being challenged in federal court by the Federal Trade Commission ("FTC").

Tempur Sealy Provides Update on Proposed Mattress Firm Acquisition

Mattress maker Tempur Sealy International's proposed $4-billion takeover of retailer Mattress Firm is intended to "eliminate future competition", according to a document unsealed by a Texas judge.

Tempur Sealy's deal to buy Mattress Firm aims to 'eliminate' competition, document shows

TPX remains a buy rating with expectations of industry cycle turning upwards. TPX's ability to gain market share, cost reductions, and easy y/y comps position it for strong earnings growth ahead. My valuation target price for TPX is $58.

Tempur Sealy International: The Timing Of A Recovery Is Getting Nearer

Mattress maker Tempur Sealy International (TPX) on Tuesday reported worse-than-expected results and cut its outlook as inflation led to falling demand in the U.S.

Tempur Sealy Lowers Guidance as Sales Slip on Drop in US Demand

Although the revenue and EPS for Tempur Sealy (TPX) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Tempur Sealy (TPX) Q2 Earnings

Tempur Sealy (TPX) came out with quarterly earnings of $0.63 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.58 per share a year ago.

Tempur Sealy (TPX) Matches Q2 Earnings Estimates

Tempur-Sealy International Inc.'s stock TPX, -0.84% fell 5% early Tuesday, after the mattress maker posted weaker-than-expected second-quarter earnings and lowered its full-year guidance. The Lexington, Ky.

Tempur-Sealy's stock slides 5% as earnings fall short of estimates

LEXINGTON, Ky. , Aug. 6, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that its Board of Directors has declared a third quarter cash dividend on its common stock of $0.13 per share.

Tempur Sealy Announces Third Quarter Cash Dividend

- Consolidated Sales Decreased 3%, Direct Channel Sales Increased 1% - Consolidated Gross Margins Expanded 2.2% to 44.9% - Strong EPS Growth of 15% and Adjusted EPS(1) Growth of 9% LEXINGTON, Ky. , Aug. 6, 2024 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the second quarter ended June 30, 2024 and revised financial guidance for the full year 2024.

News for Tempur Sealy International Stock (TPX)