Tempur sealy international sees q1 2020 sales up about 15 to 20 percent

Sees q1 2020 sales up about 15 to 20 percent.withdraws 2020 financial guidance.company expects strong q1 2020 net sales.scott thompson, chairman and ceo, extends employment contract.elected to access $200 million on its revolving senior secured credit facility.has no major loan maturities until 2023 and its senior secured credit facility matures in 2024.estimating consolidated q1 2020 net sales to increase about 15 to 20% yoy.ceased all share repurchase activity once u.s. orders became negative as compared to prior year.adopts limited duration shareholder rights plan.adopted limited duration shareholder rights plan, declared dividend distribution of one right for each outstanding share of common stock.record date for dividend distribution is april 7, 2020.rights plan will expire on march 26, 2021.
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