07:09 AM EDT, 05/07/2024 (MT Newswires) -- Tempur Sealy International ( TPX ) reported Q1 earnings Tuesday of $0.50 per share, down from $0.53 a year earlier.

Analysts polled by Capital IQ expected $0.48.

Total net sales for the quarter ended March 31 was $1.19 billion, down from $1.21 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.21 billion.

The company reaffirmed its 2024 adjusted earnings per share guidance range of $2.60 to $2.90. Analysts surveyed by Capital IQ expect $2.74.

Tempur Sealy International ( TPX ) declared a quarterly dividend of $0.13 per share, payable on May 30 to shareholders of record on May 16.