Tempur Sealy International Inc. (TPX) - NYSE
  • Sep. 8, 2015, 10:51 AM
    • Tempur Sealy International (TPX +5.7%) is higher after the company named Scott Thompson to be its new CEO.
    • Thompson is the former CEO at Dollar Thrifty.
    • Interim CEO Timothy Yaggo will resume his duties as Tempur's COO.
    | Sep. 8, 2015, 10:51 AM
  • Jul. 31, 2015, 9:08 AM
    • Tempur Sealy (NYSE:TPX) announces Barry Hytinen will replace Dale Williams as CFO, effective immediately.
    • Hytinen was serving as an EVP of Corporate Development and Finance.
    • Tempur-Sealy beat on both lines of its Q2 report and turned a profit after reporting a loss a year ago. Full-year EPS of $3.00-$3.20 is expected vs. $3.09 consensus.
    • Previously: Tempur Sealy beats by $0.08, beats on revenue
    | Jul. 31, 2015, 9:08 AM
  • Jul. 30, 2015, 4:20 PM
    • Tempur Sealy (NYSE:TPX): Q2 EPS of $0.53 beats by $0.08.
    • Revenue of $764.4M (+6.9% Y/Y) beats by $11.32M.
    • Shares +0.07%.
    | Jul. 30, 2015, 4:20 PM
  • Jul. 1, 2015, 9:04 AM
    • Wedbush Securities adds Tempur Sealy International (NYSE:TPX) to its Best Ideas List while backing a previous Outperform rating on the bedding stock.
    • The optimistic forecast from Wedbush is based in part of a favorable view on new management and early response to Tempur's Flex product.
    | Jul. 1, 2015, 9:04 AM
  • May 11, 2015, 9:26 AM
    • Tempur Sealy (NYSE:TPX) says it appointed current COO Timothy Yaggi to fill in as the interim CEO after Mark Sarvary resigned.
    • Sarvary was voted off the company's board last week.
    • H Partners landed some representation on the board with the appointment of Usman Nabi.
    • Nabi will be involved in the CEO search at the company.
    • Tempur Sealy says it has entered a standstill agreement with H Partners.
    • Previously: Tempur Sealy shareholders reject 3 board nominees (May. 08 2015)
    • TPX flat in premarket trading.
    | May 11, 2015, 9:26 AM
  • May 8, 2015, 2:09 PM
    • Tempur Sealy (TPX +3.9%) announces three directors failed to be re-elected to the board.
    • Chairman Andrews McLane, Christopher Masto, and CEO Mark Sarvary were all given the boot by shareholders.
    • Sarvary stays on as CEO at the company.
    • H Partners ran an active campaign to bring new blood to the board.
    • Previously: Proxy firms pick sides in Tempur Sealy boardroom battle (Apr. 27 2015)
    • TPX +3.86% after being halted briefly.
    | May 8, 2015, 2:09 PM | 1 Comment
  • Apr. 30, 2015, 9:54 AM
    • BAML sticks in its nose into the drama going on at Tempur Sealy (TPX +0.9%) and comes away giving the stock an upgrade to Buy from Neutral.
    • The action follows similar bullish views from Piper Jaffray and Wedbush Securities that the presence of H Partners on the scene could help improve results at Tempur Sealy.
    • H Partners was out yesterday with a strong note over Tempur-Pedic's Q1 results.
    • The activist firm made note that Tempur Sealy's adjusted EBITDA fell to $404M from $425M (pre-Sealy), despite the promise of synergies from the Sealy integration.
    • Previously: Proxy firms pick sides in Tempur Sealy boardroom battle (Apr. 27 2015)
    • Previously: Tempur Sealy beats by $0.07, beats on revenue (Apr. 28 2015)
    | Apr. 30, 2015, 9:54 AM
  • Apr. 28, 2015, 4:31 PM
    • Tempur Sealy (NYSE:TPX): Q1 EPS of $0.55 beats by $0.07.
    • Revenue of $739.5M (+5.4% Y/Y) beats by $19.77M.
    • Shares +2.82%.
    | Apr. 28, 2015, 4:31 PM
  • Apr. 27, 2015, 9:05 AM
    • Proxy firms are lining up for and against Tempur Sealy (TPX -0.2%) in its boardroom battle with H Partners.
    • ISS, Glass Lewis, and Proxy Mosaic all recommend a vote against CEO Mark Sarvary, Chairman Andrew McLane, and Christopher Masto.
    • Tempur Sealy did nab the support of Egan Jones for its nominees.
    • H Partners disclosed a ~10% stake in Tempur Sealy in February and has been pressing hard for a swap of directors ever since.
    • The Tempur Sealy annual meeting is scheduled for May 8.
    • UPDATED: A SEC filing from Tempur Sealy indicates Egan Jones is expected to change its recommendation.
    • SEC Form 14A
    | Apr. 27, 2015, 9:05 AM
  • Apr. 22, 2015, 8:22 AM
    • Wedbush Securities sees bullish trends in the mattress and bedding sector.
    • The investment firm doles out Outperform ratings to both Mattress Firm (NASDAQ:MFRM) and Tempur-Pedic (NYSE:TPX).
    • A monthly read of bedding sales by the International Sleep Products Association showed strong growth rates in February and March.
    • Previously: Select Comfort seen running to new heights
    | Apr. 22, 2015, 8:22 AM | 1 Comment
  • Apr. 6, 2015, 6:59 AM
    | Apr. 6, 2015, 6:59 AM
  • Apr. 2, 2015, 8:35 AM
    • H Partners issues a recommendation to shareholders of Tempur Sealy (NYSE:TPX) to vote against the directors put up for re-election by the company.
    • The activist investment firm calls out the underperformance of Tempur Sealy over the last three years under the direction of the current CEO and board.
    • The Tempur-Sealy annual meeting is set for May 8.
    | Apr. 2, 2015, 8:35 AM
  • Mar. 23, 2015, 8:17 AM
    • H Partners dials up the heat on Tempur Sealy (NYSE:TPX) in a new letter to shareholders.
    • The investment firm urges a no-vote on the board election of the company's CEO, Chairman of the Board, and Chairman of the Nominating and Corporate Governance Committee due to the under-performance at the bedding seller.
    • Tempur Sealy's annual meeting is scheduled for May 8.
    | Mar. 23, 2015, 8:17 AM
  • Mar. 16, 2015, 8:00 AM
    • Tempur Sealy (NYSE:TPX) issues a strong letter to shareholders ahead of the company's annual meeting and board election.
    • The meeting could see activist investors push for a board seat.
    • The company says it's firmly on a path to deliver 6% net sales growth between 2015 to 2018 and widen operating margins by 50 bps.
    • EPS of $4.00 is expected in 2016.
    • Shareholders meet on May 8.
    • Previously: Activist investor dials up pressure on Tempur Sealy (Feb. 17 2015)
    • SEC Form 14A
    | Mar. 16, 2015, 8:00 AM
  • Feb. 17, 2015, 9:05 AM
    • Tempur Sealy (NYSE:TPX) is on the hot seat with activist investor H Partners Management.
    • The hedge funds is calling for a CEO firing and wants a seat on the board as well to help guide the company in finding a replacement for Mark Sarvary.
    • H Partners holds a 10% position in TPX.
    • SEC Form 13G
    • TPX trades 10.3% below its 52-week high.
    | Feb. 17, 2015, 9:05 AM
  • Feb. 6, 2015, 9:12 AM
    | Feb. 6, 2015, 9:12 AM | 4 Comments
Company Description
Tempur Sealy International, Inc. develops, manufactures and markets mattresses, foundations, pillows and other products. The company's brand portfolio includes many of the recognized brands in the industry, including Tempur, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster.... More
Industry: Home Furnishings & Fixtures
Country: United States