Tempur Sealy International, Inc. (NYSE:TPX) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET

Company Participants

Aubrey Moore – Investor Relations

Scott Thompson – Chairman, President and Chief Executive Officer

Bhaskar Rao – Executive Vice President and Chief Financial Officer

Conference Call Participants

Bobby Griffin – Raymond James

Peter Keith – Piper Sandler

Seth Basham – Wedbush Securities

Atul Maheswari – UBS

Keith Hughes – Truist

Brad Thomas – KeyBanc Capital Markets

Curtis Nagle – Bank of America

Laura Champine – Loop Capital

Robert Drbul – Guggenheim

William Reuter – Bank of America

Jonathan Matuszewski – Jefferies

Operator

Good day, and thank you for standing by. Welcome to the Tempur Sealy First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Aubrey Moore, Investor Relations. Please go ahead.

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 Reports on Form 10-K and Quarterly Reports on Form 10-Q, under the heading Special Note Regarding Forward-Looking Statements and Risk Factors.

Any forward-looking statements speaks only as of the date on which it is made. The company undertakes no obligations 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 now, 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 2022 first quarter earnings call. I’ll begin with some brief comments on this quarter sales and earnings results, then address certain top of mind issues and how they impact our global operations. To conclude our prepared remarks, Bhaskar will discuss our record first quarter financial performance in more detail.