NYSE$SGI

Somnigroup · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Tempur Sealy's Q4 2021 earnings report revealed a strong performance, marked by increased net sales and EPS.

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.

Headline financials

Total Revenue

$1.36B

Previous: $1.06B+28.6%
EPS (adj)

$0.88

Previous: $0.67+31.3%
Gross Margin

44.5%

Previous: 45.9%-3.1%
Operating Margin

18.4%

Previous: 18.3%+0.5%
Capital Expenditures

$41.2M

Previous: $37.7M+9.3%
Free Cash Flow

$84.4M

Previous: $119M-29.1%
Net Income

$176M

Previous: $145M+21.5%
Operating Income

$251M

Previous: $193M+29.8%
Gross Profit

$605M

Previous: $485M+24.6%
Cash & Equivalents

$301M

Previous: $65M+362.6%
Total Assets

$4.32B

Previous: $3.31B+30.7%
Stock-Based Comp

$15.1M

Previous: $17.9M-15.6%

Revenue & EPS history

Tempur Sealy · Revenue · Quarterly

$1.36B

Q4 2021+28.6%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Tempur Sealy · $1.36B total across 2 segments · Q4 2021

  • Tempur Sealy North America
    $1.06B+18.9%
  • Tempur Sealy International
    $298M+82.1%

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%.

Tailwinds

  • 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.

Headwinds

  • 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.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.7%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+3.1%

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%
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 2009-3.0%
Q4 2009-3.0%
Q2 2010-3.0%

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