TITLE

Sealy sales climb 5.9%. but IPO eats income

AUTHOR(S)
Thomas, Larry
PUB. DATE
July 2006
SOURCE
Furniture/Today;7/17/2006, Vol. 30 Issue 44, p78
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the increase in domestic and international sales of Sealy Corp. in the U.S. The company's sales climb by 5.9 percent but its public stock offering nearly wiped out its profit in the second quarter of 2006. Some 34.2 million in expenses from stock offering reduced the company's net income. Sealy incurred $ 6.4 million in one-time costs related to the launch of its new Sealy and Stearns and Foster product lines.
ACCESSION #
21624412

 

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