☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q to ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-31922 TEMPUR SEALY INTERNATIONAL, INC. For the quarterly period ended June 30, 2019 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Tempur Sealy International, Inc. (NYSE:TPX) Q2 2019 Earnings Conference Call July 25, 2019 8:00 AM ET Company Participants Aubrey Moore - Director, IR Scott Thompson - Chairman, CEO & President Bhaskar Rao - EVP & CFO Conference Call Participants Seth Basham - Wedbush Securities Curtis Nagle - Bank of America Merrill Lynch Robert Griffin - Raymond James & Associates Michael Lasser - UBS Investment Bank John Baugh - Stifel, Nicolaus & Company Laura Champine - Loop Capital Markets Peter Keith - Piper Jaffray ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 o 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 (I.R.S. Employer Identificat ...

Tempur Sealy International, Inc. (NYSE:TPX) Q1 2019 Earnings Conference Call May 2, 2019 8:00 AM ET Company Participants Aubrey Moore - Director, IR Scott Thompson - Chairman, CEO & President Bhaskar Rao - EVP & CFO Conference Call Participants Robert Griffin - Raymond James & Associates Michael Lasser - UBS Investment Bank Seth Basham - Wedbush Securities Keith Hughes - SunTrust Robinson Humphrey John Baugh - Stifel, Nicolaus & Company Curtis Nagle - Bank of America Merrill Lynch Matthew McClintock - Barcl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 Commission file number 001-31922 TEMPUR SEALY INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 33-1022198 (I.R.S. Employer Identification No.) 1000 Tempur Way Lexington, Kentucky 40511 ...

Financial Data and Key Metrics Changes - Global net sales for Q4 2018 were $676 million, an increase of 7% year-over-year [24] - Adjusted gross margin was 42%, and adjusted operating margin improved by 20 basis points to 13.4% of net sales [24] - Adjusted EBITDA increased to $118 million, with adjusted earnings per share for the quarter at $0.90 [24][36] Business Line Data and Key Metrics Changes - North America sales increased by 9%, with wholesale channel growth of 8% and direct channel growth of 17% [25] - Tempur sales grew by 24% in Q4, while Sealy sales were slightly up, excluding Stearns & Foster, which is undergoing a product transition [25][26] - International net sales increased by 2% on a reported basis and 5% on a constant currency basis, with direct channel growth of 37% [30][33] Market Data and Key Metrics Changes - Worldwide sales in Q4 increased by 7%, driven by 9% growth in North America [21] - The U.S. bedding distribution landscape saw significant changes, including store closures and retail bankruptcies, impacting overall market dynamics [12][13] Company Strategy and Development Direction - The company is focused on completing the launch of refreshed Tempur-Pedic and Stearns & Foster lineups, aiming to elevate average selling prices [16] - A retail edge program is being implemented to enhance relationships with key retail partners and improve their marketing strategies [17] - The company plans to open over 20 additional Tempur-Pedic stores in 2019, expanding its direct-to-consumer presence [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2019, anticipating a return to earnings growth and improved market conditions following a challenging 2018 [15][20] - The company expects commodity cost inflation to abate in 2019, contributing to a more favorable operating environment [20] - Management highlighted the importance of the upcoming product launches and their potential to drive sales and profitability [44][49] Other Important Information - The company resolved litigation with Mattress Firm, normalizing the relationship between the two entities [50] - The company anticipates adjusted EBITDA for 2019 to be in the range of $425 million to $475 million, reflecting strong sales growth and pricing benefits [38] Q&A Session Summary Question: What are the chances that settling litigation with Mattress Firm could lead to reunification? - Management indicated that communications with Mattress Firm are constructive, but no further developments were reported beyond the settlement [53] Question: What is driving the low-single-digit decline outlook for Sealy in 2019? - Management noted that Sealy had a good performance in Q4, but expects headwinds due to tough comparisons and weakness in the below $1,000 segment [55][56] Question: How does the company view the competitive landscape following Mattress Firm's store closures? - Management believes Tempur gained significant market share, but it is difficult to quantify the exact impact of Mattress Firm's closures [74][76] Question: How does the company plan to allocate capital now that it is within its targeted leverage range? - Management indicated a focus on debt reduction in the near term, with potential for shareholder returns once cash flow allows [81] Question: What is the expected mix of retail and wholesale in the coming years? - Management anticipates a gradual increase in direct-to-wholesale sales, potentially reaching around 20% in a few years [82] Question: How will the launch of Breeze products impact the Tempur business? - Management expects the majority of the Breeze launch to occur in Q1, with a potential negative impact primarily in that quarter [90]