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Tempur Sealy International profit beats consensus by 17.8% in Q2

Tempur Sealy International Inc. said its normalized net income for the second quarter came to 81 cents per share, compared with the S&P Capital IQ consensus estimate of 69 cents per share.

EPS climbed year over year from 33 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $49.1 million, an increase from $20.7 million in the year-earlier period.

The normalized profit margin climbed to 6.1% from 2.7% in the year-earlier period.

Total revenue climbed 5.2% year over year to $804.4 million from $764.4 million, and total operating expenses came to $707.5 million, compared with $712.3 million in the prior-year period.

Reported net income came to $21.3 million, or 35 cents per share, compared to $21.2 million, or 34 cents per share, in the prior-year period.