Adjustable bases help lift Leggett & Platt third-quarter sales by 6%

Adjustable bases help lift Leggett & Platt third-quarter sales by 6%

Growth in adjustable bed sales and several other business areas lifted leading industry supplier Leggett & Platt’s net sales in the third quarter by 6% to a total of $1.01 billion compared with the same period of 2016. The Carthage, Missouri-based company posted earnings per share of $0.61 on third-quarter net earnings of $82.6 million, […]

Hurricanes, distribution change lead to revenue drop for Tempur Sealy

Manufacturing major Tempur Sealy International Inc. reported mixed results for the third quarter which ended Sept. 30. Revenue fell more than 10% due to natural disasters and the end of the company’s sales relationship with Mattress Firm, while earnings came in slightly ahead of analyst estimates. For the quarter, the Lexington, Kentucky-based company’s total net […]

Tempur Sealy raises guidance at close of 2nd quarter

Tempur Sealy raises guidance at close of 2nd quarter

Manufacturing major Tempur Sealy International Inc. reported net sales of $659.3 million in the second quarter, an 18% decrease compared with the second fiscal quarter of 2016. On a constant-currency basis, the Lexington, Kentucky-based company’s total net sales decreased 17.2%. Gross margin was 40.7%, compared with 41.9% in the prior-year quarter. Net income under U.S. […]

Culp Reports Sales Soften in Fiscal Third Quarter

Industry textile supplier Culp Inc., with headquarters in High Point, North Carolina, reported net sales of $78.5 million in its fiscal 2016 third quarter, which ended Jan. 31. The figure represents a 3.4% decline, compared with the same quarter in 2015. Net income, using generally accepted accounting principles, for the quarter was $4.9 million, or […]

Select Comfort Corp. Sees Net Sales Rise 5% in 2015

Select Comfort Corp. Sees Net Sales Rise 5% in 2015

Airbed manufacturer and retailer Select Comfort Corp., maker of the Sleep Number Bed, reported 2015 net sales of $1.21 billion, an increase of 5%—or 7% when excluding the extra week included in the fourth quarter of 2014. Net income for full-year 2015 was $50.52 million, a 26% decline compared with the prior year. Operating income […]

Tempur Sealy Reports Sales Increase in 2015

Mattress major Tempur Sealy International Inc., with headquarters in Lexington, Kentucky, reported a net sales increase for full-year 2015—5.4% to $3.15 billion, compared with 2014. On a constant-currency basis, total net sales increased 9.4%, with growth in both the North America and international business segments. For the full year, the company posted net income of […]