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Last $61.03 USD
Change Today -0.32 / -0.52%
Volume 703.1K
TPX On Other Exchanges
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As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

tempur sealy international i (TPX) Key Developments

Tempur-Pedic International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

Tempur-Pedic International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total net sales increased 5.4% to $739.5 million from $701.9 million in the first quarter of 2014. The net sales increase was driven by strong sales growth in the North America business segment. On a constant currency basis, total net sales increased 9.4%, with increased net sales in both the North America and International business segments. GAAP operating income was $54.4 million as compared to $62.4 million in the first quarter of 2014. Operating income in the first quarter of 2015 included $11.7 million of integration costs and $2.1 million of additional costs related to the company's 2015 annual meeting, and operating income in the first quarter of 2014 included $7.4 million of integration costs. Adjusted operating income was $68.2 million, or 9.2% of net sales in the first quarter of 2015 as compared to $69.8 million, or 9.9% of net sales in the first quarter of 2014. Unfavorable foreign exchange rates impacted adjusted operating income by $8.9 million in the first quarter of 2015 as compared to the prior year. Net income attributable to Tempur Sealy International Inc. was $23.4 million as compared to $27.4 million for the first quarter of 2014. The company reported adjusted net income of $34.1 million as compared to adjusted net income of $32.6 million for the first quarter of 2014, a 4.6% increase. EBITDA was $75.9 million as compared to $85.1 million for the first quarter of 2014. Adjusted EBITDA was $90.5 million as compared to $91.4 million for the first quarter of 2014. Unfavorable foreign exchange rates impacted adjusted EBITDA by $8.5 million in the first quarter of 2015 as compared to the prior year. Diluted EPS was $0.38 as compared to $0.44 in the first quarter of 2014. Adjusted diluted EPS increased 3.8% to $0.55 as compared to $0.53 in the first quarter of 2014. On a constant currency basis, adjusted EPS increased 20%. Income before income taxes was $35.3 million against $39.2 million a year ago. Net cash used in operating activities was $6.4 million against $1.6 million a year ago. Purchases of property, plant and equipment were $15.4 million against $7.8 million a year ago. For the full year 2015, the company currently expects: net sales to range from $3.100 billion to $3.175 billion, which reflects growth of 4% to 6% compared to 2014 and approximately a 4% headwind from 2014 based on current unfavorable foreign exchange rates and adjusted EPS to range from $2.80 to $3.15 per diluted share, which includes approximately $0.32 per share of unfavorable foreign exchange impact compared to 2014. The increase in 2015 guidance is based on the better-than-expected results in the first quarter of 2015 and current outlook for the remainder of the year. The company noted its expectations are based on information available at the time of this release, and are subject to changing conditions, many of which are outside the company's control. The company noted its adjusted EPS guidance does not include integration costs related to the Sealy acquisition, redemption value adjustments on the company's redeemable non-controlling interest and additional costs incurred in connection with the proxy solicitation campaign being conducted by a shareholder of the company for the 2015 annual meeting and related issues.

Tempur Sealy International Inc. to Report Q1, 2015 Results on Apr 28, 2015

Tempur Sealy International Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 28, 2015

Tempur Sealy International Inc., Q1 2015 Earnings Call, Apr 28, 2015

Tempur Sealy International Inc., Q1 2015 Earnings Call, Apr 28, 2015

Tempur Sealy International Inc. Reports Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Period Between 2015 and 2018

Tempur Sealy International Inc. reported earnings results for the year ended December 31, 2014. For the year, the company reported diluted earnings per share of $1.75. Diluted adjusted earnings per share was $2.65. Net income attributable to the company was $108.9 million. EBITDA was $355.4 million. Adjusted EBITDA was $404.6 million. For the period between 2015 and 2018, the company expects 6% net sales growth; basis points of operating margin improvement; and 15% growth in adjusted EPS.

Tempur Sealy International Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-03-2015 01:05 PM

Tempur Sealy International Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-03-2015 01:05 PM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: Dale E. Williams, Chief Financial Officer and Executive Vice President, Mark A. Sarvary, Chief Executive Officer, President and Director.

 

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