Tempur Sealy (TPX) Tops Q2 EPS by 23c

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Go back to Tempur Sealy (TPX) Tops Q2 EPS by 23c

Tempur Sealy Announces Significant Increase In Third Quarter Cash Dividend

July 29, 2021 6:47 AM EDT

LEXINGTON, Ky., July 29, 2021 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that its Board of Directors has declared a third quarter cash dividend on its common stock of $0.09 per share. The dividend is payable on August 26, 2021 to shareholders of record as of August 12, 2021. 

Tempur Sealy Chairman and CEO Scott Thompson commented, "I am pleased to report that our Board of Directors have declared a nearly 30% increase to our quarterly dividend while still maintaining a conservative payout ratio. This significant increase demonstrates the confidence we have in our outlook,... More

Tempur Sealy Reports Record Second Quarter Results

July 29, 2021 6:46 AM EDT

LEXINGTON, Ky., July 29, 2021 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the second quarter ended June 30, 2021. The Company issued updated financial guidance for the full year 2021 that reflects the improved business trends and the acquisition of Dreams, which is scheduled to close in early August.

SECOND QUARTER 2021 FINANCIAL SUMMARY

Total net sales increased 75.8% to $1,169.1 million as compared to $665.2 million in the second quarter of 2020. On a constant currency basis(1), total net sales increased 72.6%, with an increase of 73.8% in the North... More