Tempur Sealy reports Q2 EPS 58c vs. 58c last year

Reports Q2 revenue $1.27B vs. $1.21B last year. Company chairman and CEO Scott Thompson commented, “Our continued market outperformance in the second quarter reflects the momentum we are driving through our execution of our long term initiatives. All three of our leading U.S. brands – Tempur, Sealy and Stearns & Foster – performed well in the quarter, significantly ahead of where we believe the U.S. industry trended. We were also pleased with the second quarter performance of our International business. The successful Tempur international launch, combined with Dreams’ crisp retail execution, is driving continued share gains worldwide and positioning us well for the future. This quarter’s results were delivered in markets that were a bit less robust than we expected. Our global industry outperformance partially mitigated the negative impact of these headwinds. While we look forward to a recovering market, this challenged environment has allowed us to demonstrate the strength of our global business model as we realized solid earnings and strong operating cash flows.”