Tempur Sealy Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Tempur Sealy International, Inc. (TPX), the world's largest bedding provider, reported that its fourth-quarter net income attributable to company declined year-over-year to $22.9 million or $0.37 per share, from $23.5 million or $0.39 per share. Adjusted net income was $41.1 million or $0.66 per share, for the quarter. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased year-over-year to $678.1 million, from $341.1 million. Analysts expected revenue of $664.47 million for the quarter. Tempur Sealy issued full year 2014 guidance for net sales, adjusted EBITDA and adjusted earnings per share. The company currently expects 2014: net sales to range from $2.80 billion to $2.90 billion; adjusted EBITDA to range from $415 million to $435 million; and adjusted earnings per share to range from $2.60 to $2.85. Analysts expect the company to report fiscal 2014 profit per share of $2.91 on revenue of $2.84 billion.