TEMPUR SEALY INTERNATIONAL INC

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 8, 2024

SGI$62.78-5.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

($ in millions, except per common share amounts)

Three Months Ended · Six Months Ended
	June 30,		June 30,
	2024	2023	2024	2023
Net sales	$1,233.6	$1,269.7	$2,423.0	$2,477.8
Cost of sales	679.4	727.4	1,356.2	1,435.6
Gross profit	554.2	542.3	1,066.8	1,042.2
Selling and marketing expenses	276.2	270.2	541.2	526.9
General, administrative and other expenses	107.8	117.5	228.8	222.0
Equity income in earnings of unconsolidated affiliates	(3.1)	(4.2)	(8.0)	(8.8)
Operating income	173.3	158.8	304.8	302.1
Other expense, net:
Interest expense, net	33.4	33.6	67.7	66.4
Other income, net	(0.6)	(0.2)	(0.9)	(0.1)
Total other expense, net	32.8	33.4	66.8	66.3
Income before income taxes	140.5	125.4	238.0	235.8
Income tax provision	(34.0)	(32.2)	(54.7)	(56.7)
Net income before non-controlling interest	106.5	93.2	183.3	179.1
Less: Net income attributable to non-controlling interest	0.4	0.8	0.9	1.4
Net income attributable to Tempur Sealy International, Inc.	$106.1	$92.4	$182.4	$177.7
Earnings per common share:
Basic	$0.61	$0.54	$1.05	$1.03
Diluted	$0.60	$0.52	$1.02	$1.01
Weighted average common shares outstanding:
Basic	173.7	172.1	173.6	172.1
Diluted	178.0	176.8	178.0	176.8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.