Tempur Sealy International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 06:49 am EDT
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Tempur Sealy International, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 1,169.1 million compared to USD 665.2 million a year ago. Operating income was USD 223.3 million compared to USD 53.4 million a year ago. Net income was USD 140.8 million compared to USD 23 million a year ago. Basic earnings per share was USD 0.72 compared to USD 0.11 a year ago. Diluted earnings per share was USD 0.69 compared to USD 0.11 a year ago. For the half year, sales was USD 2,212.9 million compared to USD 1,487.6 million a year ago. Operating income was USD 411.7 million compared to USD 158.7 million a year ago. Net income was USD 271.3 million compared to USD 82.7 million a year ago. Basic earnings per share was USD 1.36 compared to USD 0.39 a year ago. Diluted earnings per share was USD 1.32 compared to USD 0.39 a year ago. Diluted earnings per share from continuing operations was USD 1.32 compared to USD 0.4 a year ago.
Tempur Sealy International, Inc. is a designer, manufacturer, distributor and retailer of bedding products. The Company operates through two segments: North America and International. North America segment consists of manufacturing, distribution and retail subsidiaries and licensees located in the United States, Canada and Mexico. Its International segment consists of manufacturing, distribution and retail subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America (other than Mexico). Its portfolio of product brands includes Tempur-Pedic, Stearns & Foster, Sealy, Cocoon by Sealy, and its non-branded offerings include private label and original equipment manufacturer (OEM) products, including mattresses, pillows and other bedding products and components. Its primary selling channels are wholesale and direct. Its products are sold through third-party retailers, and over its approximately 750 Company-owned stores and e-commerce platforms.
TEMPUR SEALY INTERNATIONAL, INC. 
