Urethane Blog
Tempur Sealy Guidance Improves
June 17, 2020
Tempur-Sealy +3% after setting guidance ahead of expectations
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.
https://seekingalpha.com/news/3583705-tempur-sealyplus-3-after-setting-guidance-ahead-of-expectations?utm_medium=email&utm_source=seeking_alpha&mail_subject=tpx-tempur-sealy-3-after-setting-guidance-ahead-of-expectations&utm_campaign=rta-stock-news&utm_content=link-3
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