Tempur Sealy (TPX) Tops Q3 EPS by 3c
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Tempur Sealy Reports Third Quarter 2015 Results
October 29, 2015 8:05 AM EDTLEXINGTON, Ky., Oct. 29, 2015 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced financial results for the third quarter ended September 30, 2015. The Company also revised financial guidance for the full year 2015.
THIRDÂ QUARTER 2015 FINANCIAL SUMMARY
Total net sales increased 6.4% to $880.0 million from $827.4 million in the third quarter of 2014. On a constant currency basis(1), total net sales increased 10.6%, with growth in both the North America and International business segments. Gross margin under U.S. generally accepted accounting principles ("GAAP") was 40.9% as compared to 38.5% in the third quarter of 2014. Adjusted... MoreTempur Sealy Names Richard W. Neu As Director
October 29, 2015 8:02 AM EDTLEXINGTON, Ky., Oct. 29, 2015 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced that its Board of Directors has voted to elect Richard W. Neu to the Board of Directors.
Mr. Neu's professional career has spanned over 35 years. For the last 11 years Mr. Neu has served in a variety of Board roles. Mr. Neu currently serves on the board of directors, as chair of the audit committee and as a member of the executive, community development and trust committees of Huntington Bancshares Incorporated. Until the... More
