Tempur Sealy International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 06:38 am EDT
Share
Tempur Sealy International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,277.1 million compared to USD 1,283.3 million a year ago. Net income was USD 113.3 million compared to USD 132.7 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.78 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 0.75 a year ago. Basic earnings per share was USD 0.66 compared to USD 0.77 a year ago. Diluted earnings per share was USD 0.64 compared to USD 0.75 a year ago.
For the nine months, sales was USD 3,754.9 million compared to USD 3,733.8 million a year ago. Net income was USD 291 million compared to USD 354 million a year ago. Basic earnings per share from continuing operations was USD 1.69 compared to USD 2.01 a year ago. Diluted earnings per share from continuing operations was USD 1.64 compared to USD 1.95 a year ago. Basic earnings per share was USD 1.69 compared to USD 2.01 a year ago. Diluted earnings per share was USD 1.64 compared to USD 1.95 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.
TEMPUR SEALY INTERNATIONAL, INC. 
