Tempur-Pedic Reaffirms FY 2012 Guidance
Tempur-Pedic International (NYSE: TPX), a leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, today announced that it was reaffirming its guidance for the full year 2012.
The Company reaffirmed that it currently expects net sales for 2012 to be approximately $1.40 billion and that it currently expects 2012 adjusted earnings per diluted share (EPS) of approximately $2.55.
The Company noted its expectations are based on information available at the time of this release, and are subject to changing conditions, many of which are outside the Company's control.
For supplemental information about the type of adjustments included in the Company's 2012 adjusted EPS guidance, please refer to the Company's October 23, 2012 earnings release for the third quarter.
The Company also noted its adjusted EPS guidance continues to exclude tax provisions expected to be recorded in the fourth quarter in connection with the decision to repatriate foreign earnings, transaction costs related to the proposed Sealy acquisition and any benefit from a potential further reduction in shares outstanding related to its share repurchase program. In addition, the Company's net sales and adjusted EPS guidance assumes that the Sealy transaction is