Stock Track | Tempur Sealy Reports Solid Third Quarter Results, Driven by International Growth

Stock Track11-08

Tempur Sealy International Inc. (NYSE: TPX), a leading bedding manufacturer, reported strong third-quarter financial results for 2024, exceeding analysts' expectations.

For the quarter ended September 30, 2024, the company's revenue grew 1.8% year-over-year to $1.3 billion, surpassing analysts' estimates of $1.29 billion. This growth was driven by a remarkable 12.4% increase in Tempur Sealy's international segment, which offset a slight 0.8% decline in its North America business.

Tempur Sealy's adjusted earnings per share (EPS) came in at $0.82, beating consensus forecasts of $0.81 by 1.2%. The company's consolidated gross margin expanded to 45.4%, up from 44.9% a year ago, reflecting its efforts to improve operational efficiencies.

The solid third-quarter performance prompted Tempur Sealy to narrow its full-year 2024 adjusted EPS guidance range to $2.45-$2.55, representing growth of around 4% at the midpoint compared to the prior year.

Tempur Sealy's Chairman and CEO, Scott Thompson, highlighted the company's global market outperformance, led by double-digit international growth. He attributed the strong results to the company's operational efficiency initiatives and diverse business platform. Thompson stated, "We continue to see our investments in product, people, and advertising as foundational to our long-term success."

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(NYSE: TPX), a leading bedding manufacturer, reported strong third-quarter financial results for 2024, exceeding analysts' expectations.\nFor the quarter ended September...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPX","symbol_name":"泰浦陛迪国际公司","start_time":0,"source_url":"","article_id":"1193911105","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193911105","pubTimestamp":1731038467,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tempur Sealy International Inc. , a leading bedding manufacturer, reported strong third-quarter financial results for 2024, exceeding analysts' expectations.For the quarter ended September 30, 2024, the company's revenue grew 1.8% year-over-year to $1.3 billion, surpassing analysts' estimates of $1.29 billion. 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