NYSE$SGI

Somnigroup · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Tempur Sealy reported Q4 2022 results, with net sales of $1.2 billion and EPS of $0.57.

Tempur Sealy's Q4 2022 net sales decreased by 12.7% to $1,187.4 million compared to Q4 2021, with EPS decreasing to $0.57. The company is targeting sales and adjusted EPS growth in 2023.

  • Total net sales decreased 12.7% to $1,187.4 million compared to Q4 2021.
  • North America business segment net sales decreased by 12.2%.
  • International business segment net sales decreased by 14.3%.
  • Earnings per diluted share decreased to $0.57 compared to $0.88 in Q4 2021.

Headline financials

Total Revenue

$1.19B

Previous: $1.36B-12.7%
EPS (adj)

$0.54

Previous: $0.88-38.6%
Gross Margin

41.2%

Previous: 44.5%-7.4%
Operating Margin

12.4%

Previous: 18.4%-32.6%
Capital Expenditures

$90.5M

Previous: $41.2M+119.7%
Free Cash Flow

$4.8M

Previous: $84.4M-94.3%
Net Income

$102M

Previous: $176M-42.2%
Operating Income

$147M

Previous: $251M-41.3%
Gross Profit

$489M

Previous: $605M-19.1%
Cash & Equivalents

$69.4M

Previous: $301M-76.9%
Total Assets

$4.36B

Previous: $4.32B+0.8%
Stock-Based Comp

$14M

Previous: $15.1M-7.3%

Revenue & EPS history

Tempur Sealy · Revenue · Quarterly

$1.19B

Q4 2022-12.7%vs Q4 2021
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Tempur Sealy · $1.19B total across 2 segments · Q4 2022

  • Tempur Sealy North America
    $932M-12.2%
  • Tempur Sealy International
    $255M-14.3%

Forward guidance

The Company currently expects adjusted EPS between $2.60 to $2.80 for the full year 2023, contemplating mid single digit year-over-year sales growth.

Tailwinds

  • Targets growth on both the top and bottom line.
  • Continued outperformance across the bedding industry worldwide.
  • Driven by key product initiatives.
  • Driven by brand initiatives.
  • Driven by omni-channel initiatives.

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 2022

Historical avgQ4 2022

+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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