Stock BuybacksBy The Online Investor Staff, updated Sat., May. 8, 6:22 AM
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Slide #18. Tempur Sealy International, Inc.
Tempur Sealy International, Inc. (NYSE:TPX)
Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that its Board of Directors has increased the authorization under the Company's share repurchase program to a total of $400 million. In the first quarter of 2021, Tempur Sealy utilized approximately $300 million under its existing authorization to repurchase approximately 8.4 million shares. The Company expects to repurchase at least 6% of shares outstanding in 2021.
Tempur Sealy International is engaged in designing, manufacturing and distributing bedding products. Co. has an offering of products that appeal to a range of consumers, some of which are covered by one or more patents and/or patent applications. Co.'s portfolio of product brands includes Tempur®, Tempur-Pedic®, Sealy® featuring Posturepedic® Technology, Stearns & Foster® and Comfort Revolution®. Co. operates in two segments: North America and International. These segments are business units that are managed separately based on geography.
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