Jessie Casson/DigitalVision via Getty Images Summary Following my coverage of Tempur Sealy International (NYSE:TPX) in Feb'24, which I recommended a buy rating due to my expectation that the industry cycle is turning upwards, which coupled with TPX growth initiatives should drive robust growth, this post is to provide an update on my thoughts on the business and stock. I stay buy-rated for TPX as I believe the timing of recovery is getting closer, given that a rate cut is increasingly likely in 2H24. Invest ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-31922 TEMPUR SEALY INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 33-1022198 (State or other jurisdic ...

Tempur Sealy International, Inc. (NYSE:TPX) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Aubrey Moore - IR Scott Thompson - Chairman, President and CEO Bhaskar Rao - EVP and CFO Conference Call Participants Susan Maklari - Goldman Sachs Rafe Jadrosich - Bank of America Bobby Griffin - Raymond James Michael Lasser - UBS Peter Keith - Piper Sandler Keith Hughes - Truist Brad Thomas - KeyBanc Capital Markets Seth Basham - Wedbush Securities Phillip Blee - William Blair Laura ...

Key Takeaways Tempur Sealy said second-quarter sales in the U.S. were hurt by macroeconomic pressures on consumers. Both adjusted EPS and sales were below estimates. The mattress maker reduced its full-year profit guidance. CEO Scott Thompson said that Tempur Sealy anticipates it will be successful in fending off a challenge from the FTC to block its $4 billion purchase of Mattress Firm. Mattress maker Tempur Sealy International (TPX) on Tuesday reported worse-than-expected results and cut its outlook as in ...

For the quarter ended June 2024, Tempur Sealy (TPX) reported revenue of $1.23 billion, down 2.8% over the same period last year. EPS came in at $0.63, compared to $0.58 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.27 billion, representing a surprise of -3.07%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.63. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

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. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this mattress maker would post earnings of $0.48 per share when it actually produced earnings of $0.50, delivering a surprise of 4.17%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Tempur Sealy, which belong ...

TEMPUR + SEALY TEMPUR SEALY REPORTS SECOND QUARTER RESULTS - 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 Growth of 9% LEXINGTON, KY, August 6, 2024 - 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. SECOND QUARTER 2024 FINANCIAL SUMMARY Thompson continued, "I am pleased ...

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. The dividend is payable on August 29, 2024, to shareholders of record as of August 15, 2024. About Tempur Sealy International, Inc. Tempur Sealy is committed to improving the sleep of more people, every night, all around the world. As a leading designer, manufacture ...

- 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. SECOND QUARTER 2024 FINANCIAL SUMMARY Total net sales decreased 2.8% to $1,233.6 million as compared to $1,269.7 mi ...

Estimate Revisions Trend Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. For the last reported quarter, it was expected that Tempur Sealy would post earnings of $0.48 per share when it actually produced earnings of $0.50, delivering a surprise of +4.17%. The consensus EPS estimate for the quarter has been revised 3.05% lower o ...