The Urethane Blog

Tempur Sealy Guidance Improves

Tempur-Sealy +3% after setting guidance ahead of expectations

|About: Tempur Sealy Internationa… (TPX)|By: , SA News Editor

Shares of Tempur-Sealy (NYSE:TPX) break higher after the company provides a guidance update.

Tempur-Sealy expects Q2 sales growth of -15% vs. -30% prior outlook and -32% consensus.

The company also anticipates recording at least $50M of unadjusted EBITDA in Q2 and to report a ratio of consolidated indebtedness less netted cash to adjusted EBITDA within the target range of 2.5X-3.5X.