Posted on Fri, May. 9, 2008
Foamex International Inc. of Linwood said it lost $48.6 million, or $2.05 per share, in the first quarter, up from its loss of $17.6 million, or $1.04 per share, in the first quarter of 2007.
First-quarter sales were $241 million, down from $306 million during the same period last year.
Jack Johnson, president and chief executive, said "deterioration of the U.S. economy continues to impact our volumes."
The firm provides foam-based products for the bedding, furniture, carpet cushion and automotive markets and high-performance polymers for aerospace, defense, electronics and computer industries.
email this
print this
reprint or license this
Post a comment
