Tempur Sealy International, Inc. (NYSE: TPX) has released its 2024 Corporate Social Values Report, showcasing the company's commitment to social responsibility and sustainability. The report highlights the company's dedication to protecting and improving communities and the environment.
Scott Thompson, Chairman and CEO of Tempur Sealy, emphasized the company's core values, stating, "We are pleased to share our annual corporate social values report as it highlights our steadfast commitment to protect and improve our communities and the environment. Our most important beliefs remain the same, including our core value of doing the right thing. We know that when we invest in a socially responsible and sustainable future for our organization and our world, we strengthen and fortify our business."
The report outlines the company's progress on environmental, purpose, and people-focused initiatives. This includes achieving zero waste to landfill status at manufacturing operations in Canada and Mexico, as well as making strides towards carbon neutrality by 2040. Additionally, Tempur Sealy has continued to bring industry-leading innovation to the market, contributed over $800,000 through the Tempur Sealy Foundation, and increased transparency and disclosures around employee health and safety.
Thompson also highlighted the company's belief that focusing on Environmental, Social, and Governance (ESG) initiatives unlocks shareholder value and contributes to long-term growth.
Following the release of the report, Tempur Sealy's stock experienced a 0.9% movement, reaching a trading price of $50.5 per share.
The company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $2,703 | $3,106 | $3,677 | $4,931 | $4,921 | $4,942 |
| Revenue Growth | n/a | 14.91% | 18.38% | 34.1% | -0.19% | 0.43% |
| Operating Margins | 9% | 11% | 14% | 19% | 14% | 13% |
| Net Margins | 4% | 6% | 9% | 13% | 9% | 8% |
| Net Income (MM) | $100 | $190 | $349 | $624 | $456 | $393 |
| Net Interest Expense (MM) | $92 | $86 | $77 | $66 | $103 | $131 |
| Depreciation & Amort. (MM) | $87 | $90 | $98 | $113 | $127 | $133 |
| Earnings Per Share | $0.46 | $0.86 | $1.64 | $3.06 | $2.53 | $2.21 |
| EPS Growth | n/a | 86.96% | 90.7% | 86.59% | -17.32% | -12.65% |
| Diluted Shares (MM) | 220 | 222 | 212 | 204 | 180 | 178 |
| Capital Expenditures (MM) | $74 | $88 | $111 | $123 | $306 | $289 |
| Current Ratio | 1.2 | 1.16 | 0.99 | 1.21 | 1.22 | 1.18 |
| Total Debt (MM) | $1,693 | $1,540 | $1,367 | $2,332 | $2,810 | $2,538 |
Tempur Sealy International has growing revenues and increasing reinvestment in the business, exceptional EPS growth, and decent operating margins with a positive growth rate. However, the firm suffers from irregular cash flows and a highly leveraged balance sheet.
