Tempur Sealy (TPX) Misses Q4 EPS by 6c, Revenues Beat; Provides FY19 Adj. EBITDA Guidance
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Tempur Sealy Reports Fourth Quarter and Full Year 2018 Results
February 14, 2019 7:00 AM ESTLEXINGTON, Ky., Feb. 14, 2019 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the fourth quarter and year ended December 31, 2018. The Company also issued financial guidance for the full year 2019.
FOURTHÂ QUARTER 2018 FINANCIAL SUMMARY(1)
Total net sales increased 7.1% to $676.1 million as compared to $631.4 million in the fourth quarter of 2017. On a constant currency basis(2), total net sales increased 8.2%, with an increase of 9.1% in the North America business segment and an increase of 5.2% in the International business segment. Gross margin under U.S. generally... More