30.07.2015 23:07:06

Tempur Sealy Q2 Profit Tops Estimates; Raises Full Year Guidance - Quick Facts

(RTTNews) - Tempur Sealy International, Inc. (TPX), the world's largest bedding provider, reported second quarter net income of $21.2 million compared to a net loss of $2.2 million in the second quarter of 2014, which included a $20.4 million loss on the disposal of the company's innerspring component production facilities recorded in the second quarter of 2014. Profit per share was $0.34 compared to a loss of $0.04. The company reported adjusted net income of $33.3 million and adjusted profit per share of $0.53, for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.45 for the quarter. Analysts' estimates typically exclude special items.

Total net sales increased 6.9% to $764.4 million from $715.0 million in the second quarter of 2014. On a constant currency basis, total net sales increased 10.9%. Analysts expected revenue of $753.08 million for the quarter.

For the full year 2015, the company currently expects: net sales to range from $3.125 billion to $3.175 billion, adjusted EPS to range from $3.00 to $3.20 per share. Analysts expect the company to report earnings per share of $3.08 on revenue of $3.15 billion.

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Tempur Pedic International Inc. 53,50 -0,93% Tempur Pedic International Inc.