Sealy Corporation Reports Q1 EPS of $0.00 vs. $0.03; Revenues $305.5M vs. $326.06M

Sealy Corporation ZZ today announced results for its fiscal first quarter 2011 Net sales for the first fiscal quarter were $305.5 million, a decrease of 2.0% compared to the same prior year quarter. Net income from continuing operations for the first quarter was $0.1 million or $0.00 per diluted share, compared to $8.3 million or $0.04 per diluted share in the prior year quarter. The corresponding share counts for 2011 first quarter EPS and 2010 first quarter EPS were 107.8 million and 283.6 million, respectively.