Last $55.75 USD
Change Today -5.37 / -8.79%
Volume 3.5M
TPX On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

tempur sealy international i (TPX) Key Developments

Tempur Sealy International Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Tempur Sealy International Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $715.0 million compared with $660.6 million for the same period a year ago. Operating income was $50.3 million compared with $44.0 million for the same period a year ago. Income before income taxes was $7.4 million compared with $6.7 million for the same period a year ago. Net loss attributable to Tempur Sealy International, Inc. was $2.2 million or $0.04 per basic and diluted share compared with $1.6 million or $0.03 per basic and diluted share for the same period a year ago. Adjusted net income was $24.0 million or $0.39 per diluted share compared with $22.3 million or $0.36 per diluted share for the same period a year ago. Adjusted EBITDA was $77.7 million compared with $84.2 million for the same period a year ago. Total net sales increased 8.2% in the second quarter of 2014 from the second quarter of 2013. The net sales increase was driven by higher sales in each of the Company's three business segments. For the six months, the company reported net sales of $1,416.9 million compared with $1,050.7 million for the same period a year ago. Operating income was $112.7 million compared with $88.5 million for the same period a year ago. Income before income taxes was $46.6 million compared with $21.8 million for the same period a year ago. Net income attributable to Tempur Sealy International, Inc. was $25.2 million or $0.41 per basic and diluted share compared with $10.9 million or $0.18 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $72.4 million compared with net cash used in operating activities of $1,190.1 million for the same period a year ago. Purchases of property, plant and equipment was $16.9 million compared with $19.3 million for the same period a year ago. The company provided earnings guidance for the full year of 2014. For the full year, the company expects net sales to range from $2.925 billion to $2.975 billion, adjusted EBITDA to range from $410 million to $430 million and adjusted EPS to range from $2.60 to $2.85 per diluted share. CapEx for the year was $55 million to $60 million. So for the rest of the year, the company expects the tax rate to be around 29.5%.

Tempur Sealy Promotes Barry Hytinen to Executive Vice President, Corporate Development and Finance

Tempur Sealy International Inc. announced it has promoted Barry Hytinen to Executive Vice President, Corporate Development and Finance. He reports directly to Dale Williams, Executive Vice President and Chief Financial Officer. Since joining the Company in 2005, Mr. Hytinen has held positions of increasing responsibility, most recently as Senior Vice President, Finance and Global Business Development.

Tempur Sealy International Inc. to Report Q2, 2014 Results on Jul 24, 2014

Tempur Sealy International Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 24, 2014

Tempur Sealy International Inc., Q2 2014 Earnings Call, Jul 24, 2014

Tempur Sealy International Inc., Q2 2014 Earnings Call, Jul 24, 2014

Tempur Sealy International Inc. Presents at Piper Jaffray 34th Annual Consumer Conference, Jun-10-2014 09:15 AM

Tempur Sealy International Inc. Presents at Piper Jaffray 34th Annual Consumer Conference, Jun-10-2014 09:15 AM. Venue: The New York Palace Hotel, New York, New York, United States. Speakers: Dale E. Williams, Chief Financial Officer and Executive Vice President.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TPX:US $55.75 USD -5.37

TPX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Dorel Industries Inc C$38.77 CAD -0.76
La-Z-Boy Inc $21.63 USD -0.21
Leggett & Platt Inc $33.59 USD +0.72
Mattress Firm Holding Corp $48.03 USD -0.33
Select Comfort Corp $20.48 USD -0.30
View Industry Companies
 

Industry Analysis

TPX

Industry Average

Valuation TPX Industry Range
Price/Earnings 40.7x
Price/Sales 1.3x
Price/Book 23.8x
Price/Cash Flow 40.0x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TEMPUR SEALY INTERNATIONAL I, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.