Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, May 01, 2015

Article Excerpt

TEMPUR SEALY INTERNATIONAL INC., $61.35, symbol TPX on New York, makes and distributes mattresses and neck pillows made of its Tempur material, which conforms to the body to provide support and alleviate pressure points. The company is benefiting from its $1.3-billion purchase of rival Sealy in March 2013. The move let it diversify into traditional spring-coil beds. Excluding integration costs, Tempur Sealy’s earnings rose 4.6% in the three months ended March 31, 2015, to $34.1 million from $32.6 million a year earlier. Per-share earnings gained 3.8%, to $0.55 from $0.53, on more shares outstanding. That beat the consensus estimate of $0.48. On a constant-currency basis, earnings per share jumped 20%. Sales gained 5.4%, to $739.5 million from $701.9 million. North American sales (80% of the total) rose 7.5%, but international sales (20%) fell 2.6%. The company continues to fend off attempts by activist investor H Partners Management to replace its CEO at its annual meeting on May 8, 2015. H Partners, which owns…

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