Lexington, Kentucky — Tempur Sealy, the international mattress and bed maker, generated record sales of $3.1 bn in 2019. This was up 14.9% on the previous financial year.
Adjusted EBITDA across the business rose by 19.5%, and reached $508 m in 2019.
Records break for Tempur Sealy in 2019
Scott-Thompson: momentum continues into 2020
CEO Scott Thompson said that his company's strategy of using multiple distribution channels and strong brands helped drive sales to the record in 2019.
'The investments we have made over the past four years strengthening the long-term foundation of our company investments have enhanced our competitive position,' he said. 'We are carrying our momentum from 2019 forward, and we expect record full-year revenues and over 20% growth in adjusted EBITDA in 2020.'
The company expects adjusted EBITDA to be between $575m to $650m in 2020.
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