Tempur Sealy (NYSE: TPX) reported Q2 EPS of $0.68, $0.68 better than the analyst estimate of $0.00. Revenue for the quarter came in at $665.2 million versus the consensus estimate of $615.27 million.

Financial Guidance

As previously announced, the Company has withdrawn its previously-issued full-year financial guidance for 2020 and will not provide updated full-year adjusted EBITDA guidance until there is more visibility into the worldwide operating environment. Management is targeting third quarter 2020 net sales to increase approximately 25 percent from the same period last year.

If the current order trends were to continue and if there are no significant changes in supply chain or manufacturing capacity, it is possible the Company's third quarter or fourth quarter financial performance could trigger vesting of the Company's long-term aspirational plan resulting in a non-cash charge as outlined in previous regulatory filings.

For earnings history and earnings-related data on Tempur Sealy (TPX) click here.