Tempur Sealy International, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 06:38 am EST
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Tempur Sealy International, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,170.5 million compared to USD 1,187.4 million a year ago. Net income was USD 77.1 million compared to USD 101.7 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.57 a year ago. Basic earnings per share was USD 0.45 compared to USD 0.6 a year ago. Diluted earnings per share was USD 0.43 compared to USD 0.57 a year ago.
For the full year, sales was USD 4,925.4 million compared to USD 4,921.2 million a year ago. Net income was USD 368.1 million compared to USD 455.7 million a year ago. Basic earnings per share from continuing operations was USD 2.14 compared to USD 2.61 a year ago. Diluted earnings per share from continuing operations was USD 2.08 compared to USD 2.53 a year ago. Basic earnings per share was USD 2.14 compared to USD 2.61 a year ago. Diluted earnings per share was USD 2.08 compared to USD 2.53 a year ago.
Tempur Sealy International, Inc. is a designer, manufacturer, distributor and retailer of bedding products. The Company operates through two segments: North America and International. North America segment consists of manufacturing, distribution and retail subsidiaries and licensees located in the United States, Canada and Mexico. Its International segment consists of manufacturing, distribution and retail subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America (other than Mexico). Its portfolio of product brands includes Tempur-Pedic, Stearns & Foster, Sealy, Cocoon by Sealy, and its non-branded offerings include private label and original equipment manufacturer (OEM) products, including mattresses, pillows and other bedding products and components. Its primary selling channels are wholesale and direct. Its products are sold through third-party retailers, and over its approximately 750 Company-owned stores and e-commerce platforms.