TEMPUR SEALY INTERNATIONAL Reports Q2 FY2023 Earnings on August 3, 2023
August 14, 2023
🌥️Earnings Overview
On August 3 2023, TEMPUR SEALY INTERNATIONAL ($NYSE:TPX) reported its earnings results for the second quarter of FY2023, which ended on June 30 2023. For the quarter, the company recorded total revenue of USD 1269.7 million, representing a 4.8% year-over-year growth, and a net income of USD 92.4 million, a 2.0% year-over-year increase.
Share Price
On August 3rd, 2023, TEMPUR SEALY INTERNATIONAL reported their second quarter FY2023 earnings. At the start of the trading day, the stock opened at $43.9 and by the end of the trading day had closed up 5.6% at $45.9 from the previous closing price of $43.5. This marks the second consecutive quarter that TEMPUR SEALY INTERNATIONAL has reported an increase in share price.
This increase was primarily driven by higher sales and improved cost efficiencies across the business. Overall, these results marked another strong quarter of performance from TEMPUR SEALY INTERNATIONAL and demonstrate that the company is continuing to make progress towards its long term goals. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TPX. More…
| Total Revenues | Net Income | Net Margin |
| 4.95k | 412.1 | 8.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TPX. More…
| Operations | Investing | Financing |
| 562.8 | -298.5 | -280.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TPX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.57k | 4.42k | 0.8 |
Key Ratios Snapshot
Some of the financial key ratios for TPX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.9% | 21.7% | 13.1% |
| FCF Margin | ROE | ROA |
| 5.5% | 469.7% | 8.9% |
Analysis
At GoodWhale, we analyze the fundamentals of TEMPUR SEALY INTERNATIONAL to help investors make informed decisions. Our Star Chart shows that TEMPUR SEALY INTERNATIONAL has a high health score of 8/10 when considering its cashflows and debt – indicating it can sustain future operations in times of crisis. Looking at the individual components, TEMPUR SEALY INTERNATIONAL is strong in growth, profitability, and medium in dividend. The company is weak in asset, but overall is classified as a ‘rhino’, meaning the company has achieved moderate revenue or earnings growth. Investors looking for companies with moderate earnings growth and strong fundamentals may be interested in investing in TEMPUR SEALY INTERNATIONAL. More…
Peers
Tempur Sealy International Inc is one of the world’s leading manufacturers of mattresses and bedding products. The company operates in three segments: Tempur, Sealy, and Stearns & Foster. Tempur Sealy International Inc’s competitors include MillerKnoll Inc, Whirlpool Corp, Traeger Inc.
– MillerKnoll Inc ($NASDAQ:MLKN)
Founded in 1944, Miller Knoll is a publicly traded company that manufactures and sells furniture and home furnishings. The company has a market capitalization of 1.71 billion as of 2022 and a return on equity of 6.45%. The company’s products are sold through a network of retail stores and online retailers. Miller Knoll is headquartered in New York, New York.
– Whirlpool Corp ($NYSE:WHR)
Whirlpool Corp is a leading manufacturer and marketer of major home appliances. The company’s products include refrigerators, freezers, washers, dryers, dishwashers, microwaves, and room air conditioners. Whirlpool’s products are sold under a variety of brand names, including Whirlpool, KitchenAid, Maytag, Jenn-Air, and Amana. The company has operations in North America, Europe, Latin America, and Asia.
– Traeger Inc ($NYSE:COOK)
Traeger Inc is a publicly traded company with a market capitalization of 457.36M as of 2022. The company has a Return on Equity of -51.11%. Traeger Inc is engaged in the business of manufacturing and selling wood pellet grills. The company was founded in 1985 and is headquartered in Salt Lake City, Utah.
Summary
Tempur Sealy International reported positive second quarter earnings results for FY2023, with total revenue of USD 1269.7 million and net income of USD 92.4 million, both showing year-over-year increases of 4.8% and 2.0% respectively. This positive news caused the stock price to move up the same day, showing potential for investors to benefit from TEMPUR SEALY INTERNATIONAL. In addition to the strong financial performance, investors should look out for future potential growth opportunities and product launches. Overall, TEMPUR SEALY INTERNATIONAL presents a promising investment opportunity for those looking to capitalize on the company’s positive earnings and growth potential.
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