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Tuesday, Sep 10
Highlights from Tempur Sealy International's Investor Day
- Tempur Sealy International (TPX -4.1%) trades weaker after the company's Investor Day presentation doesn't quite dazzle traders.
- Projected 2013 EPS is $2.33 which falls in the mid-point of previous guidance.
- Long-term sales projections are less rosy than previous forecasts, but the company says it expects to save +$100M annually in the long term through integration measures in warehouse, sourcing, and manufacturing.
- Presentation slides (.pdf)