NYSE$SGI

Somnigroup · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Tempur Sealy's Q4 2020 financial performance was highlighted by record sales, net income, and adjusted EBITDA growth, driven by strong performance in both North America and International segments.

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.

Headline financials

Total Revenue

$1.06B

Previous: $871M+21.3%
EPS (adj)

$0.67

Previous: $0.34+97.1%
Gross Margin

45.9%

Previous: 44.3%+3.6%
Operating Margin

18.3%

No prior period
Adjusted EBITDA

$240M

Previous: $152M+57.2%
Net Sales Growth

21.3%

Previous: 0.0%
Capital Expenditures

$37.7M

Previous: $26.3M+43.3%
Free Cash Flow

$119M

No prior period
Net Income

$145M

Previous: $46.2M+213.2%
Operating Income

$193M

Previous: $84.6M+128.4%
Gross Profit

$485M

Previous: $386M+25.6%
Cash & Equivalents

$65M

Previous: $64.9M+0.2%
Total Assets

$3.31B

Previous: $3.06B+8.1%
Stock-Based Comp

$17.9M

Previous: $6.8M+163.2%

Revenue & EPS history

Tempur Sealy · Revenue · Quarterly

$1.06B

Q4 2020+21.3%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Tempur Sealy · $1.06B total across 2 segments · Q4 2020

  • Tempur Sealy North America
    $894M+20.6%
  • Tempur Sealy International
    $163M+25.6%

Forward guidance

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.7%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.9%

Avg return

30 days after

57%

39 / 68 earnings

Positive

+19.3%

Q2 2016

Best reaction

-23.1%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%-9.5%-3.8%
Q4 2025-8.7%-5.0%-22.8%
Q3 2025+2.6%+3.4%+3.2%
Q1 2025+4.5%+1.9%+4.4%
Q4 2024-2.4%-2.5%-16.4%
Q3 2024+9.1%+11.7%+10.3%
Q2 2024-1.6%+2.6%+3.2%
Q1 2024+3.9%+8.6%-1.4%
Q4 2023-1.3%-2.2%+6.9%
Q3 2023-3.3%-6.1%+5.7%
Q2 2023+5.4%+4.9%+8.3%
Q1 2023-2.8%+1.4%+1.6%
Q4 2022-0.4%+0.0%-4.4%
Q3 2022+15.5%+18.0%+28.1%
Q2 2022+10.5%+15.2%+7.1%
Q1 2022+1.2%+5.5%-1.5%
Q4 2021-15.0%-9.7%-18.0%
Q3 2021-4.9%-5.1%-9.6%
Q2 2021+15.0%+13.2%+20.7%
Q1 2021-5.4%-4.1%-4.5%
Q4 2020+10.7%+7.6%+29.2%
Q3 2020+2.4%+2.7%+17.7%
Q2 2020+3.5%+5.9%+10.2%
Q1 2020-6.9%-6.0%+15.3%
Q4 2019+1.4%-0.0%-41.8%
Q3 2019+9.1%+5.0%+3.7%
Q2 2019+4.0%+3.6%-3.5%
Q1 2019+6.1%+3.6%+3.4%
Q4 2018+4.6%+5.6%+3.9%
Q3 2018+9.2%+6.8%+10.3%
Q2 2018-4.0%-2.2%+15.1%
Q1 2018-1.4%+1.1%+3.6%
Q4 2017-6.6%-8.9%-19.8%
Q3 2017-18.9%-22.8%-13.6%
Q2 2017+3.2%+5.1%+7.8%
Q1 2017+2.8%+5.0%+2.3%
Q4 2016+5.0%+3.1%-0.3%
Q3 2016+7.0%+6.1%+27.1%
Q2 2016+19.3%+20.3%+24.3%
Q1 2016+3.3%
Q4 2015-11.9%
Q3 2015+2.0%
Q2 2015+6.2%
Q1 2015+2.3%
Q4 2014-11.0%
Q3 2014-9.1%
Q2 2014-8.8%
Q1 2014+6.0%
Q4 2013-0.7%
Q3 2013+11.5%
Q2 2013-12.8%
Q1 2013-2.1%
Q4 2012+16.2%
Q3 2012-23.1%
Q2 2012+9.9%
Q1 2012+0.6%
Q4 2011-4.8%
Q3 2011-2.0%
Q2 2011+8.8%
Q1 2010+1.3%
Q1 2011+1.8%
Q4 2008+2.3%
Q4 2010+2.3%
Q3 2009+0.1%
Q3 2010+0.1%
Q2 2010-3.0%
Q2 2009-3.0%
Q4 2009-3.0%

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