Tempur-Pedic (TPX) Reaffirms FY12 Outlook

December 10, 2012 6:03 AM EST
Get Alerts TPX Hot Sheet
Trade TPX Now!
Join SI Premium – FREE
Tempur-Pedic International, Inc. (NYSE: TPX) announced that it was reaffirming its guidance for the full year 2012.

The Company reaffirmed that it currently expects net sales for 2012 to be approximately $1.40 billion and that it currently expects 2012 adjusted earnings per diluted share (EPS) of approximately $2.55.

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 also noted its adjusted EPS guidance continues to exclude tax provisions expected to be recorded in the fourth quarter in connection with the decision to repatriate foreign earnings, transaction costs related to the proposed Sealy acquisition and any benefit from a potential further reduction in shares outstanding related to its share repurchase program. In addition, the Company's net sales and adjusted EPS guidance assumes that the Sealy transaction is not completed during 2012.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories


Related Entities

Stock Buyback, Earnings

Add Your Comment