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 In
the first quarter, we began the introduction of our new TrueForm visco-elastic
mattress to go after the rapidly growing specialty bedding
market
David J. McIlquham, Sealy's Chairman and
CEO
Sealy Mattress Corporation announced results for the fiscal first
quarter ending February 27, 2005.
For the quarter, Sealy reported sales of $359.0 million, an
increase of 12.8% from $318.2 million for the same period a year
ago. Net income was $21.9 million, an increase of 94.1% from
$11.3 million a year earlier.
"We are extremely pleased with our start in 2005," said David J.
McIlquham, Sealy's Chairman and Chief Executive Officer. "We
continue to achieve strong sales increases and mix improvements
from our new products as well as improved manufacturing
efficiencies. "Additionally, in the
first quarter, we began the introduction of our new TrueForm(TM)
visco-elastic mattress to go after the rapidly growing specialty
bedding market," said McIlquham.
Sealy is the largest bedding manufacturer in the world with
sales of $1.3 billion in 2004.
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