Tempur Sealy International Inc

TPX

Equity

ISIN US88023U1016 / Valor 1745135

New York Stock Exchange, Inc (2024-09-18)

USD 52.97+0.19%

Tempur Sealy International Inc
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About company

Tempur Sealy International, Inc. stands as the global leader in the bedding industry, offering a comprehensive range of sleep and relaxation products. The company's portfolio includes the development, manufacturing, and marketing of mattresses, adjustable bases, pillows, and related items. Tempur Sealy is renowned for its innovation and quality, underpinned by a collection of highly recognized brands such as Tempur®, Tempur-Pedic®, Cocoon™ by Sealy, Sealy®, and Stearns & Foster®. This diverse brand portfolio allows Tempur Sealy to cater to a wide array of consumer preferences and market segments, reinforcing its position as a dominant player in the global bedding market. Through its commitment to innovation, quality, and customer satisfaction, Tempur Sealy International, Inc. continues to shape the way people experience sleep and relaxation.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Decline

Tempur Sealy International Inc. reported a 2.8% decrease in total net sales for the second quarter of 2024, amounting to $1,233.6 million compared to $1,269.7 million in the same quarter of 2023. The North America business segment saw a 3.8% decline, while the International segment maintained consistent sales.

Gross Margin Improvement

For the second quarter of 2024, Tempur Sealy International Inc. achieved a gross margin of 44.9%, up from 42.7% in the second quarter of 2023. This improvement was primarily driven by favorable commodity costs, operational efficiencies, and favorable product launch costs.

Net Income Growth

Tempur Sealy International Inc. saw a 14.8% increase in net income for the second quarter of 2024, reaching $106.1 million compared to $92.4 million in the same period of the previous year. Adjusted net income also rose by 9.5% to $111.7 million.

Earnings Per Share (EPS)

The company's earnings per diluted share (EPS) for the second quarter of 2024 increased by 15.4% to $0.60, up from $0.52 in the second quarter of 2023. Adjusted EPS also saw an 8.6% rise, reaching $0.63.

Dividend Declaration

Tempur Sealy International Inc.'s Board of Directors declared a quarterly cash dividend of $0.13 per share, payable on August 29, 2024, to shareholders of record at the close of business on August 15, 2024.

Summarized from source with an LLMView Source

Key figures

18.7%1Y

11.3%3Y

173%5Y

Performance

33.6%1Y

41.4%3Y

53.0%5Y

Volatility