Seeking Alpha
 

Tempur Sealy International Inc. (TPX)

- NYSE
  • Fri, May 8, 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.
    | 1 Comment
  • Tue, Apr. 28, 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%.
    • Press Release
    | Comment!
  • Fri, Feb. 6, 9:12 AM
    | 4 Comments
  • Oct. 30, 2014, 5:48 PM
    | 4 Comments
  • Aug. 11, 2014, 10:29 AM
    • Shares of Tempur Sealy (TPX +3.2%) are getting a boost off of the vibrant report on demand from Mattress Firm.
    • Select Comfort (SCSS +2.6%) and Stanley Furniture (STLY +1.2%) are also getting the mattress lift.
    | 1 Comment
  • Jan. 6, 2014, 9:56 AM
    • A dire outlook from Select Comfort on sales and profit for 2014 is taking a toll on other related retailers.
    • Decliners: TPX -4.8%, ETH -2.2%, LZB -1.0%, MFRM -4.8%.
    | Comment!
  • Nov. 14, 2013, 5:57 PM
    • Intrexon (XON) +4.8% AH after David Einhorn's Greenlight Capital reveals it opened a ~2.1M-share position in the biotech company that went public in August. (13F)
    • Greenlight also started positions in NVR and Tempur Sealy (TPX), and added large stakes in WPX Energy (WPX) and Spirit AeroSystems (SPR); it closed positions on Oaktree Capital (OAK), State Bank Financial (STBZ) and Capital Bank Financial (CBF), while selling 20% of its shares in Rite Aid (RAD).
    • Its biggest positions are still in Apple (AAPL), 21.1% of the portfolio; GM, 11.3%; and Marvell Technology (MRVL), 9.4%.
    | 8 Comments
  • Nov. 7, 2013, 1:04 PM
    | 4 Comments
  • Nov. 6, 2013, 5:52 PM
    • Tempur Sealy International (TPX) shares soar 13.4% AH after the company beat expectations in Q3. Short covering may have something to do with the outsized reaction, with short interest at 18.9% of the float as of Oct. 15.
    • An 111.4% increase in net sales to $735.5M was fueled in large part to acquired Sealy's contribution of $389.9M.
    • Tempur North America sales grew 0.6% to $242.4M in Q3, driven by a 4.8% increase in Other products revenue to $20.8M. Tempur International sales fell 3.6% to $103.2M.
    • Gross margin fell to 40.6% from 49.2% in Q3 2012 due to the lower margins on Sealy mattresses.
    • EBITDA of $115.5M was up 66.7% Y/Y.
    • The company reaffirms 2013 guidance: revenue of $2.425B-$2.45B (vs. consensus of $2.44B), EBITDA of $370M-$385M, and EPS of $2.25-$2.40 ($2.32).
    • PR, Conference call (webcast)
    | Comment!
  • Nov. 6, 2013, 5:40 PM
    | Comment!
  • Nov. 6, 2013, 4:07 PM
    • Tempur Sealy Int'l (TPX): Q3 EPS of $0.73 beats by $0.05.
    • Revenue of $735.5M (+111.4% Y/Y) beats by $25.59M. Shares +7.2% AH. (PR)
    | 1 Comment
  • Oct. 17, 2013, 9:07 AM
    • Mattress stocks could see some extra volatility after the meltdown of Select Comfort (SCSS) following poor Q3 results and a slash in guidance.
    • In the early round of fireworks, shares of Select Comfort is off 25.5% premarket while peer Tempur Sealy (TPX) trades down 5.2%.
    • On watch: Mattress Firm (MFRM)
    | Comment!
  • Oct. 16, 2013, 5:35 PM
    | Comment!
  • Sep. 10, 2013, 1:46 PM
    • 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)
    | Comment!
  • Jul. 25, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: LOGM +9%. SBUX +6%. RENN +6%. GILD +5%. CLF +3%.
    After-hours top losers: TPX -13%. ZNGA -13%. OUTR -9%. VRTX -9%. GPN -8%.
    | Comment!
  • Jul. 25, 2013, 5:27 PM
    Tempur Sealy (TPX) falls 11.82% AH as earnings and revenue miss estimates. The integration of Sealy causes gross margin to fall to 38.6% from 50.7%. CEO Mark Sarvary says the steps the company is taking "to return Tempur North America to growth  … are taking longer than expected." Management trims its FY13 outlook, saying it now sees EPS of $2.25-2.40 on sales of $2.425-2.45B versus consensus of $2.75/ share on revenue of $2.5B. (PR)
    | Comment!
Visit Seeking Alpha's
TPX vs. ETF Alternatives
Company Description
Tempur Sealy International Inc is a bedding provider. The Company develop, manufacture, market and distributes bedding products, which it sells internationally.