The earnings call highlighted significant achievements in international sales growth and market share gains. There were positive developments in product innovation and customer satisfaction. However, challenges in the North American market and costs associated with manufacturing optimization were noted. Overall, the sentiment of the call is cautiously optimistic with a strong emphasis on strategic growth and market adaptation.

Company Guidance

During the Tempur Sealy Q3 2024 earnings call, the company reported a 2% increase in net sales, reaching $1.3 billion, and a 6% rise in adjusted EBITDA to $275 million compared to the same period last year. The GAAP EPS grew by 14% to $0.73 per share, while the adjusted EPS increased by 7% to $0.82 per share. Tempur Sealy's adjusted EBITDA margin was 21.1%, the strongest in 10 quarters, driven by operational efficiencies and a diverse business platform. The company generated $240 million in free cash flow, its highest since Q3 2021, and reduced its adjusted EBITDA to net debt leverage ratio to 2.4x, below the midpoint of its targeted range of 2x to 3x. The international segment showed robust growth, with international net sales increasing by 12% on a reported basis and 11% on a constant currency basis, alongside a 200 basis point expansion in international operating margins. The U.S. business performed well, driven by new product launches and distribution wins. Tempur Sealy adjusted its 2024 guidance, narrowing its adjusted EPS outlook to between $2.45 and $2.55, with expectations of full-year sales slightly below the prior year.

Growth in Net Sales and Adjusted EBITDA

Net sales grew 2% to $1.3 billion and adjusted EBITDA grew 6% to $275 million compared to the same period last year. GAAP EPS grew 14% to $0.73 per share and adjusted EPS grew 7% to $0.82 per share.

Strong Free Cash Flow

Delivered $240 million in free cash flow, marking the strongest quarter of free cash flow since the third quarter of 2021.

International Business Performance

International sales grew 12% on a reported basis and 11% on a constant currency basis, with a 200 basis point expansion in international operating margins.

Launch of New Sealy Posturepedic Products

Announced the launch of a new collection of Sealy Posturepedic products in the first half of 2025, targeting the mid-to-entry level market.

U.S. and International Market Share Gains

The U.S. business outperformed the broader market, with significant gains in international market share, particularly in the U.K., Germany, China, and Australia.

Tempur-Pedic Customer Satisfaction Award

Tempur-Pedic was awarded #1 in customer satisfaction in both the in-store retail mattress and online mattress segment of J.D. Power's 2024 Mattress Satisfaction Report.

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Tempur Sealy (TPX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TPX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 0.13	0.112	16.07% (+0.02)	―	―
Nov 01, 2018	2018 (Q3)	- / 0.26	0.25	2.00% (<+0.01)	―	―
Feb 14, 2019	2018 (Q4)	- / 0.23	0.198	13.64% (+0.03)	―	―
May 02, 2019	2019 (Q1)	- / 0.14	0.105	28.57% (+0.03)	―	―
Jul 25, 2019	2019 (Q2)	- / 0.20	0.13	52.31% (+0.07)	―	―
Oct 31, 2019	2019 (Q3)	- / 0.33	0.255	27.45% (+0.07)	―	―
Feb 13, 2020	2019 (Q4)	- / 0.34	0.225	52.00% (+0.12)	―	―
Apr 30, 2020	2020 (Q1)	- / 0.34	0.135	148.15% (+0.20)	―	―
Jul 30, 2020	2020 (Q2)	- / 0.17	0.198	-14.14% (-0.03)	―	―
Oct 29, 2020	2020 (Q3)	- / 0.73	0.325	126.15% (+0.41)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TPX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$49.75	$53.87	+8.28%
Aug 06, 2024	$48.36	$47.99	-0.77%
May 07, 2024	$49.76	$51.68	+3.86%
Feb 08, 2024	$50.74	$51.36	+1.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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