Tempur Sealy Reports Third Quarter 2019 Results
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Tempur Sealy (TPX) Tops Q3 EPS by 16c, Revenues Beat
October 31, 2019 6:53 AM EDTTempur Sealy (NYSE: TPX) reported Q3 EPS of $1.30, $0.16 better than the analyst estimate of $1.14. Revenue for the quarter came in at $821 million versus the consensus estimate of $797.24 million.
THIRD QUARTER 2019 FINANCIAL SUMMARY
Total net sales increased 12.5% to $821.0 million as compared to $729.5 million in the third quarter of 2018. On a constant currency basis(1), total net sales increased 13.4%, with an increase of 14.6% in the North America business segment and an increase of 8.0% in the International business segment.Gross margin was 43.9% as compared to 41.1% in the third quarter of 2018.Operating income increased 42.4% to... More