Tempur Sealy (TPX) Reports In-Line Q4 EPS, Sales Miss
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Tempur Sealy Reports Fourth Quarter and Full Year 2015 results
February 4, 2016 7:02 AM ESTLEXINGTON, Ky., Feb. 4, 2016 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced financial results for the fourth quarter and year ended December 31, 2015. The Company also announced a $200 million share repurchase program and issued financial guidance for the full year 2016.
FOURTHÂ QUARTER 2015 FINANCIAL SUMMARY
Total net sales increased 2.9% to $767.3 million from $745.5 million in the fourth quarter of 2014. On a constant currency basis(1), total net sales increased 6.7%, with growth in both the North America and International business segments. Gross margin under U.S. generally accepted accounting principles... More