Tempur Sealy International Inc

NYSE:TPX   3:41:37 PM EDT
+1.19 (+3.24%)
Officer Changes, Other Pre-Announcement

Tempur Sealy International Sees Q3 Sales Up More Than 30%

Published: 09/14/2020 11:38 GMT
Tempur Sealy International Inc (TPX) - Sees Q3 Sales Up More Than 30 Percent.
Tempur Sealy - Repays 364-day Term Loan, Eliminates Certain Capital Restrictions.
Tempur Sealy - Board of Directors Approved Early Termination of Shareholder Rights Plan.
Tempur Sealy - Announced New Leadership Structure for North America.
Tempur Sealy - Now Estimates Total Q3 Net Sales to Grow More Than 30% Compared to Prior Year.
Tempur Sealy - Change in Expectation Was Primarily Driven by Improving Order Trends on U.S. Tempur-pedic Products.
Tempur Sealy - Continues to Experience Capacity Constraints for U.S. Sealy Products, Including Supply Chain Limitations Outside Company's Control.
Tempur Sealy - Working Closely With Suppliers to Find Solutions for Component Shortfalls to Support Elevated U.S. Sealy Demand.
Tempur Sealy - Rights Plan to Now Expire at Close of Business on September 14, 2020.
Tempur Sealy - Cliff Buster Will Be Promoted to CEO of Tempur Sealy North America Effective January 1, 2021.