Tempur Sealy International discloses cyberattack led to a temporary interruption of operations

1h ago

Tempur Sealy International (NYSE:TPX) disclosed in a SEC filing that the company identified a cybersecurity event involving certain information technology systems. Upon discovery of the event, TOX said it activated its incident response and business continuity plans designed to contain the incident.

Tempur-Sealy (TPX) said it had to take immediate measures in reaction to the incident, including proactively shutting down certain parts of its IT systems. This action resulted in the temporary interruption of the company’s operations.

Legal counsel, a cybersecurity forensic firm, and other incident response professionals have been engaged to advise on the matter. TPX has also notified law enforcement authorities.

TPX has begun the process to bring certain of its critical IT systems back online and has resumed operations. The forensic investigation remains ongoing and the company continues to work to determine whether this incident will have a material impact on its business, operations, or financial results. TPX will comply with any reporting obligations it may have with respect to personal information that may have been exposed due to the incident.

Tempur Sealy International (TPX) is scheduled to report earnings on August 3. Consensus estimates are for revenue of $1.24B and EPS of $0.56 to be reported. 5 of the last EPS revisions from analysts have been to the upward side. TPX has beat the consensus EPS estimate in four of the last five quarters.

https://www.msn.com/en-us/money/companies/tempur-sealy-international-discloses-cyberattack-led-to-a-temporary-interruption-of-operations/ar-AA1eAsxx