Tempur Sealy (TPX) Tops Q4 EPS by 5c, Approves $200M Buyback

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Go back to Tempur Sealy (TPX) Tops Q4 EPS by 5c, Approves $200M Buyback

Tempur Sealy Increases Share Repurchase Program By $200 Million

February 16, 2017 7:01 AM EST

LEXINGTON, Ky., Feb. 16, 2017 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced that its Board of Directors has increased the authorization under the Company's share repurchase program by an additional $200 million.

Since the program was announced in 2016, the Company has repurchased approximately 9.4 million shares for a total cost of approximately $573 million. After this increased authorization, the Company has approximately $227 million remaining available for future share repurchases.

Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, "Today I am pleased to announce that our Board of Directors... More

Tempur Sealy Reports Record Fourth Quarter And Full Year 2016 Results

February 16, 2017 7:01 AM EST

LEXINGTON, Ky., Feb. 16, 2017 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) today announced financial results for the fourth quarter and year ended December 31, 2016. The Company also issued financial guidance for the full year 2017.

KEY HIGHLIGHTS

Three Months Ended December 31,

Year Ended December 31,

(in millions, except percentages and per common share amounts)

2016

2015

... More