Tempur Sealy Announces Second Quarter Cash Dividend
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LEXINGTON, Ky., April 29, 2021 /PRNewswire/ Tempur Sealy International, Inc. (NYSE: TPX, Company or Tempur Sealy ) today announced that its Board of Directors has declared a second quarter cash dividend on its common stock of $0.07 per share. The dividend is payable on May 27, 2021 to shareholders of record as of May 13, 2021.
About Tempur Sealy International, Inc.
Tempur Sealy is committed to improving the sleep of more people, every night, all around the world. As a global leader in the design, manufacture and distribution of bedding products, we know how crucial a good night of sleep is to overall health and wellness. Utilizing over a century of knowledge and industry-leading innovation, we deliver award-winning products that provide breakthrough sleep solutions to consumers in over 100 countries.
Tempur Sealy Reports Record First Quarter Results
-Net Sales Increased 27%, Direct Channel Net Sales Increased 62%
-EPS Increased 121% to $0.62, Adjusted EPS Increased 88% to $0.64
-Raises 2021 EPS Guidance Range to $2.50 to $2.70
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LEXINGTON, Ky., April 29, 2021 /PRNewswire/ Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the first quarter ended March 31, 2021. The Company also raised its financial guidance for the full year 2021.
FIRST QUARTER 2021 FINANCIAL SUMMARY
Total net sales increased 26.9% to $1,043.8 million as compared to $822.4 million in the first quarter of 2020. On a constant currency basis
(1), total net sales increased 25.1%, with an increase of 27.3% in the North America business segment and an increase of 13.8% in the International business segment.
Tempur Sealy Increases Share Repurchase Authorization
- Authorization Increased to $400 Million
- Invested $300 Million in Share Repurchase Program in the First Quarter of 2021
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LEXINGTON, Ky., April 29, 2021 /PRNewswire/ Tempur Sealy International, Inc. (NYSE: TPX, Company or Tempur Sealy ) today announced that its Board of Directors has increased the authorization under the Company s share repurchase program to a total of $400 million. In the first quarter of 2021, Tempur Sealy utilized approximately $300 million under its existing authorization to repurchase approximately 8.4 million shares. The Company expects to repurchase at least 6% of shares outstanding in 2021.
Stock repurchases under this program may be made through open market transactions, negotiated purchases or otherwise, at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a v
Sealy Voted Most Trusted Mattress Brand By American Shoppers According To 2021 BrandSpark American Trust Study
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LEXINGTON, Ky., April 15, 2021 /PRNewswire/ Tempur Sealy International, Inc. (NYSE: TPX, Company or Tempur Sealy ), the company synonymous with innovation in the mattress industry, today announced that Sealy® has been voted America s Most Trusted Mattress Brand according to the 2021 BrandSpark® American Trust Study . Already recognized as America s #1 mattress brand , this award further underscores the confidence consumers have in the Sealy brand.
More Americans trust Sealy® than any other mattress brand according to the 2021 BrandSpark® American Trust Study
Sealy Voted Most Trusted Mattress Brand By American Shoppers According To 2021 BrandSpark American Trust Study prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.