TEMPUR SEALY INTERNATIONAL Reports Second Quarter FY2023 Earnings Results on August 3, 2023
August 27, 2023
🌥️Earnings Overview
On August 3, 2023, TEMPUR SEALY INTERNATIONAL ($NYSE:TPX) released their financial results for the second quarter of FY2023, which ended on June 30, 2023. Revenue rose 4.8% to USD 1269.7 million, while net income increased 2.0% year over year to USD 92.4 million.
Share Price
When the markets opened that day, their stock opened at $43.9 and closed the day at $45.9, a 5.6% increase from the prior closing price of $43.5. Analysts had been optimistic about the company’s prospects as they had recently announced the acquisition of two mattress manufacturers which had strengthened their position in the market. Moreover, they had also released several new products which had generated considerable excitement among their customers. TEMPUR SEALY INTERNATIONAL’s strong performance in the second quarter has given investors confidence that the company will continue to do well in the future. They will be keenly watching the company’s subsequent earnings reports for further insights into their financial performance. 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
GoodWhale has conducted an in-depth analysis of TEMPUR SEALY INTERNATIONAL’s wellbeing. Our analysis, based on the Star Chart, has revealed that TEMPUR SEALY INTERNATIONAL is strong in growth and profitability, but medium in dividend and weak in asset. According to our research, TEMPUR SEALY INTERNATIONAL is classified as a ‘rhino’; a type of company which has achieved moderate revenue or earnings growth. Given its results, potential investors who may be interested in TEMPUR SEALY INTERNATIONAL include those who are looking for moderate growth with good financials. GoodWhale’s analysis further reveals that TEMPUR SEALY INTERNATIONAL has a high health score of 8/10 with regard to its cashflows and debt; indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. 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 their second quarter FY2023 earnings on August 3, 2023, with revenue increasing by 4.8% year-over-year to $1269.7 million and net income rising 2.0% to $92.4 million. This was well-received in the stock market, with the share price increasing on the same day. Investors may consider this as a positive sign of the company’s financial performance. While the figures are encouraging, analysts should continue to monitor Tempur Sealy’s earnings growth and profitability to ensure that it can sustain and build on its current momentum.
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