=Tempur Sealy Int'l (TPX) reported earnings on Thur 28 Jul 2016 (b/o)

Tempur Sealy Int'l beats by $0.23, beats on revs; sees FY16 EBITDA at upper end of prior range :

• Reports Q2 (Jun) earnings of $0.92 per share, excluding non-recurring items, $0.23 better thanthe Capital IQ Consensus of $0.69; revenues rose 5.2% year/year to $804.4 mln vs the $785.37 mln Capital IQ Consensus.  
  • On a constant currency basis, total net sales increased 6.6%, with an increase of 6.4% in the North America business segment and an increase of 7.6% in the International business segment.
• "We are gaining traction toward the goals we have set. Adjusted EBITDA and gross margins have increased for the third consecutive quarter, adjusted EPS is up 74%."
•  Co raises FY16 adj. EBITDA guidance to $525-550 mln from $500-550 mln.