Tempur Sealy (TPX) Reports In-Line Q4 EPS, Sales Miss

Tempur Sealy (NYSE: TPX) reported Q4 EPS of $0.99, in-line with the analyst estimate of $0.99. Revenue for the quarter came in at $767.3 million versus the consensus estimate of $785.45 million.

Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, "Overall the worldwide markets for our products feel solid and the Team has made progress towards our goals. Fourth quarter adjusted EBITDA growth of 14% in a relatively low octane economic environment is more evidence of the positive attributes of the bedding industry in general and the strength of Company's business model specifically."

Financial Guidance

For the full year 2016, the Company currently expects Adjusted EBITDA to range from $500 million to $550 million, which includes approximately $10 million of unfavorable foreign currency impact based on forecasted exchange rates.

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

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