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Stock Market & Financial Investment News

News Breaks
March 18, 2014
16:14 EDTTPXLarry Rogers to retire as Sealy's president & CEO
Tempur Sealy International announced the retirement of Lawrence J. Rogers, President and CEO of Sealy Corporation effective April 5. Mr. Rogers' leadership responsibilities will transition to Tim Yaggi, COO and David Montgomery, Executive Vice President and President, International. The company also announced that its Board of Directors has voted to expand its Board to eleven directors and elect Mr. Rogers to the Board of Directors effective March 27.
News For TPX From The Last 14 Days
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April 17, 2015
08:03 EDTTPXH Partners urges Tempur Sealy shareholders to vote against TS directors
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April 16, 2015
08:11 EDTTPXTempur Sealy backs annual adjusted EPS growth of 15% for 2015-2018
Backs annual net sales growth of 6% for 2015-2018. Backs annual operating margin improvement of 50 basis points for 2015-2018. Backs outlook of 3x leverage, with strong cash flow to return value to shareholders from 2015-2018. The company expects to generate $125M in operating income improvement by 2018 by making progress against four specific operational objectives: driving gross margin improvements for Sealy U.S.; achieving additional cost synergies from the Sealy acquisition; reducing adjusted operating expense as a percentage of revenue from 29% in 2014 to 28% by 2018; and implementing an enhanced 2015 pricing strategy. The company reiterated the confidence in its future and value creation in a letter mailed to shareholders.
April 13, 2015
09:10 EDTTPXMattress sales grew 8.3% in February, ISPA says
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April 7, 2015
16:33 EDTTPXH Partners urges Tempur Sealy holders vote AGAINST re-election of 3 directors
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