Tempur Sealy beats 4Q profit and revenue expectations

LEXINGTON, Ky. (AP) — Tempur Sealy International Inc. (TPX) on Thursday reported fourth-quarter earnings of $46.6 million.

The Lexington, Kentucky-based company said it had profit of 75 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, were 86 cents per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The mattress maker posted revenue of $745.5 million in the period, which also beat Street forecasts. Analysts expected $741.5 million, according to Zacks.

For the year, the company reported profit of $108.9 million, or $1.75 per share. Revenue was reported as $2.99 billion.

Tempur Sealy expects full-year earnings in the range of $2.70 to $3.10 per share, with revenue in the range of $3.05 billion to $3.15 billion.

Tempur Sealy shares have risen roughly 2 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $55.85, a climb of 18 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPX at http://www.zacks.com/ap/TPX


Keywords: Tempur Sealy, Earnings Report