Home / Knowledge / News / Textiles / Tempur Sealy reports Q4 net income turnaround
Tempur Sealy reports Q4 net income turnaround
20
Feb '17
For the fourth quarter ended December 31, 2016, the world’s biggest bedding marketer, Tempur Sealy International reported a turnaround in GAAP net income, which amounted to $63.4 million as against net loss of $11.3 million in the prior year’s fourth quarter. In the fourth quarter of 2015, Tempur had recorded a $60.7 million Danish tax charge.

Adjusted net income in the reporting quarter grew 6.1 per cent to $66.5 million as compared to adjusted net income of $62.7 million in the year ago quarter.

Total net sales in the quarter under review increased 0.3 per cent year on year to $769.5 million, on a constant currency basis, total net sales rose 1.7 per cent.

In the fourth quarter of 2016, gross margin rose higher at 41.5 per cent vis-à-vis 40.8 per cent in the fourth quarter of 2015. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Courtesy: Coolvision

Textiles | On 20th Jun 2018

FiberVisions to show new range of CoolVisions fibre at OR

FiberVisions, an Indorama Ventures company, is set to present a new...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search