Tempur Sealy Reports Fourth Quarter and Full Year 2018 Results
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Tempur Sealy (TPX) Misses Q4 EPS by 6c, Revenues Beat; Provides FY19 Adj. EBITDA Guidance
February 14, 2019 7:04 AM ESTTempur Sealy (NYSE: TPX) reported Q4 EPS of $0.90, $0.06 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $676.1 million versus the consensus estimate of $660.24 million.
Total net sales increased 7.1% to $676.1 million as compared to $631.4 million in the fourth quarter of 2017. On a constant currency basis(2), total net sales increased 8.2%, with an increase of 9.1% in the North America business segment and an increase of 5.2% in the International business segment.Gross margin under U.S. generally accepted accounting principles (\"GAAP\") was 41.9% as compared to 42.4% in the fourth quarter of 2017. Adjusted... More