Tempur Sealy International Inc. reported record fourth-quarter results, with a 21.3% increase in net sales to $1,057.0 million, a 213.2% increase in net income to $144.7 million, and a 57.2% increase in adjusted EBITDA to $239.5 million. The company also initiated a quarterly dividend and increased share repurchase authorization.
Total net sales increased by 21.3% to $1,057.0 million compared to Q4 2019.
Net income surged by 213.2% to $144.7 million compared to Q4 2019.
Adjusted EBITDA increased by 57.2% to $239.5 million compared to Q4 2019.
The company initiated a quarterly dividend and increased share repurchase authorization.
For the full year 2021, the Company currently expects net sales growth between 15% and 20% resulting in EPS between $2.30 to $2.50. This projection implies 2021 EBITDA of between $875 and $925 million.
Visualization of income flow from segment revenue to net income