Tempur Sealy Q4 2021 Earnings Report
Key Takeaways
Tempur Sealy International, Inc. reported record financial results for the fourth quarter of 2021. Total net sales increased by 28.6% to $1,359.6 million, and EPS increased by 31% to $0.88. The company also increased its quarterly dividend by double-digits to $0.10 per share and established 2022 EPS guidance of $3.65 to $3.85.
Total net sales increased by 28.6% to $1,359.6 million compared to Q4 2020.
Earnings per diluted share increased to $0.88, up from $0.67 in Q4 2020.
Net income rose by 21.5% to $175.8 million compared to $144.7 million in Q4 2020.
The company increased its quarterly cash dividend to 10 cents per share, an 11% increase.
Tempur Sealy
Tempur Sealy
Tempur Sealy Revenue by Segment
Tempur Sealy Revenue by Geographic Location
Forward Guidance
For the full year 2022, the Company currently expects EPS between $3.65 to $3.85. This contemplates the Company's current sales outlook for strong year-over-year growth between 15% to 20%.
Positive Outlook
- Strong year-over-year sales growth between 15% to 20% is expected.
- The Company expects EPS between $3.65 to $3.85.
- Company is targeting to repurchase at least 10 percent of our shares outstanding.
- Company will continue to invest in supporting our global brands with powerful advertising.
- Company will continue to invest in additional manufacturing capacity and industry-leading product innovation.
Challenges Ahead
- Expectations are based on information available at the time of the release.
- Expectations are subject to changing conditions.
- Many conditions are outside the Company's control.
- Potential risk factors include labor shortages.
- Potential risk factors include turnover and cost increases related to significant employee absenteeism.
Revenue & Expenses
Visualization of income flow from segment revenue to net income