Tempur Sealy International, Inc. recently announced financial results for the second quarter, ended June 30, 2016, and also updated financial guidance for the full year 2016. The company reported a record second quarter with net sales of $804 million and an operating income growth of 93%.
"Thanks to the hard work of our more than 7,000 associates worldwide, the Company had an excellent quarter," lauded Tempur Sealy Chairman and CEO Scott Thompson. "We are gaining traction toward the goals we have set. Adjusted EBITDA and gross margins have increased for the third consecutive quarter, adjusted EPS is up 74%. We are improving operating leverage, continuing to invest heavily in our brands, expanding distribution, and successfully servicing our retailers and direct customers. By continuing to strengthen our iconic brands, drive higher ROIC and enhance our competitive cost position, we are positioning the Company well to deliver for our investors and other stakeholders for years to come."
To learn more, please visit tempursealy.com.
About Tempur Sealy: Tempur Sealy International, Inc. develops, manufactures and markets mattresses, foundations, pillows and other products. The Company's brand portfolio includes many highly recognized brands, including TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic and Stearns & Foster. World headquarters for Tempur Sealy International, Inc. is in Lexington, KY.