Lexington, Kentucky — TempurSealy generated sales of $3.7bn in 2020. This is an increase of 18.4% on the previous financial year.
TempurSealy performance bloomed in 2020
Adjusted EBITDA across the business rose by 57.4% to $800m in 2020. This compares with $508m in 2019.
'Our online sales stood out once again, as our US web sales doubled compared to the previous year,’ said CEO Scott Thompson. ‘This strong sales performance, combined with favourable company-wide margins, resulted in 2020 being a record year financial performance.'
Looking at the fourth quarter, TempurSealy said sales in North America increased by 20% to $894m. Thompson added that there is a lot of demand for his company's products in this region and sales in the first quarter of 2021 are looking good.
The company's sales outside North America increased by 25.6% to $163m. Thompson added that growth of been seen in all regions in the final quarter of 2020. However, because the European market is dealing with coronavirus lockdowns, the first-quarter sales are likely to slow into 2021.