Tempur Sealy International, Inc. (NYSE:TPX) Q1 2023 Earnings Conference Call May 9, 2023 8:00 AM ET

Company Participants

Aubrey Moore - Vice President of Investor Relations

Scott Thompson - Chairman, President, and Chief Executive Officer

Bhaskar Rao - Executive Vice President, and Chief Financial Officer

Conference Call Participants

Susan Maklari - Goldman Sachs

Bobby Griffin - Raymond James

Peter Keith - Piper Sandler

Curtis Nagle - Bank of America Merrill Lynch

Atul Maheswari - UBS

Seth Basham - Wedbush Securities

Brad Thomas - KeyBanc Capital Markets

Robert Drbul - Guggenheim Partners

William Reuter - Bank of America Merrill Lynch

Carla Casella - JPMorgan

Jonathan Matuszewski - Jefferies

Operator

Good day and thank you for standing by. Welcome to the Tempur Sealy’s First Quarter 2023 Earnings. At this time, all participants are in a listen-only mode. After the speakers' presentation there will be a question-and-answer session. [Operator Instructions] And please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker, Aubrey Moore, Vice President, Investor Relations. The floor is yours.

Aubrey Moore

Thank you, operator. Good morning everyone, and thank you for participating in today's call. Joining me today are Scott Thompson, Chairman, President and CEO; and Bhaskar Rao, Executive Vice President and Chief Financial Officer. After prepared remarks, we will open the call for Q&A.

This call includes forward-looking statements that are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve uncertainties and actual results may differ materially due to a variety of factors that could adversely affect the company's business. These factors are discussed in the company's SEC filings, including its annual report on Form 10-K and quarterly report on Form 10-Q under the heading Special Note Regarding Forward-Looking Statements and Risk Factors.

Any forward-looking statement speaks only as of the date on which it is made. The company undertakes no obligation to update any forward-looking statements. This morning's commentary will also include non-GAAP financial information. Reconciliations of the non-GAAP financial information can be found in the accompanying press release, which has been posted on the company's investor website at investor.tempursealy.com and filed with the SEC. Our comments will supplement the detailed information provided in the press release.

And with that introduction, it's my pleasure to turn the call over to Scott.

Scott Thompson

Thank you, Aubrey. Good morning, everyone, and thank you for joining us on our 2023 first quarter earnings call. I'll start by sharing some highlights from our first quarter performance, and then Bhaskar will review our financial performance in more detail. After that I will share some closing comments before we open the call up for Q&A.