Tempur Sealy Q3 sales skyrocket 111.4%

The Company's business segments include Tempur North America, Tempur International, and Sealy. The Company's "Bedding" product sales include mattresses, foundations, and adjustable foundations and "Other products" include pillows and various other comfort products and components.

Tempur North America net sales increased 0.6% to $242.4 million in the third quarter of 2013 from $240.9 million in the third quarter of 2012.  Bedding net sales increased 0.2% to $220.6 million in the third quarter of 2013 from $220.1 million in the third quarter of 2012. Net sales of Other products increased 4.8% to $21.8 million from $20.8 million in the third quarter of 2012.

Tempur International net sales decreased 3.6% to $103.2 million in the third quarter of 2013 from $107.0 million in the third quarter of 2012.  Bedding net sales decreased 4.7% to $76.5 million in the third quarter of 2013 from $80.3 million in the third quarter of 2012. Net sales of Other products of $26.7 million were unchanged as compared to the third quarter of 2012.

Sealy net sales for the third quarter of 2013 were $389.9 million.  Bedding net sales were $365.2 million and net sales of Other products were $24.7 million. 

Charges and Other Costs

The Company incurred various charges as a result of the Sealy acquisition. Transaction costs recorded in the third quarter of 2013 were $1.2 million and integration costs were $7.3 million. In addition, the Company incurred $0.7 million in interest fees related to the Company's refinancing of its Term A Facility under its new senior secured credit facility, which was completed in July 2013.

Tempur Sealy