Daily News
From Home Furnishing Business
Tempur Sealy 2015 Earnings Slide
February 4,
2016 by in Financial Reports, Industry 
Bedding supplier Tempur Sealy International (NYSE: TPX) reported a net loss of $11.3 million for the fourth quarter ended Dec. 31 compared to net income of $46.6 million in the same quarter last year.
Net sales for the quarter were $767.3 million, a 2.9 percent increase from net sales of $745.5 million in the fourth quarter last year.
Net income for the full year was $73.5 million, a 32.5 percent drop from net income of $108.9 million in 2014. Net sales for the year increased 5.4 percent to $3.2 billion in 2015 from $3 billion in 2014.
In addition, the bedding company has announced a $200 million share repurchase program.
The complete earnings report is available online.