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April 27, 2015 12:07 AM ET

Household Durables

Company Overview of Sealy Corporation

Company Overview

Sealy Corporation, together with its subsidiaries, engages in the manufacture and marketing of bedding products. It offers mattresses and mattress foundations under the Sealy, Sealy Posturepedic, Stearns & Foster, and Bassett names in the Americas. The company also provides specialty latex and visco-elastic bedding products under the Optimum by Sealy Posturepedic, Stearns & Foster, Sealy, and Carrington Chase names in the United States and internationally. In addition, Sealy Corporation licenses its brands, technology, and trademarks to other manufacturers, including international independent licensees. Its customers include furniture stores, specialty bedding stores, department stores, and ...

Sealy Drive

One Office Parkway

Trinity, NC 27370

United States

Founded in 1881

4,267 Employees

Phone:

336-861-3500

Fax:

302-655-5049

Key Executives for Sealy Corporation

Chief Financial Officer, Executive Vice President and Director
Age: 51
Chief Operating Officer and Director
Age: 53
Chief Marketing Officer and Senior Vice President
Age: 45
Executive Vice President of Operations - North America
Age: 55
Senior Vice President
Age: 50
Compensation as of Fiscal Year 2014.

Sealy Corporation Key Developments

Sealy Reports Earnings Results for the Third Quarter Ended September 30, 2014

Sealy reported earnings results for the third quarter ended September 30, 2014. Net sales increased 10.9% to $432.3 million in the third quarter of 2014 from $389.9 million in the third quarter of 2013. Bedding net sales increased 11.4% to $407.0 million in the third quarter of 2014 from $365.2 million in the third quarter of 2013. Net sales of Other products increased 2.4% to $25.3 million in the third quarter of 2014 from $24.7 million in the third quarter of 2013. Sealy's operating margin declined year-over-year due primarily to a decline in gross margin, offset partially by operating expense leverage on higher sales.

Sealy Announces Management Changes

Tempur Sealy International Inc. announced the retirement of Lawrence J. Rogers, President and CEO of Sealy Corporation effective April 5, 2014. Mr. Rogers' leadership responsibilities will transition to Tim Yaggi, Chief Operating Officer and David Montgomery, Executive Vice President and President, International. The company also announced that its Board of Directors has voted to expand its Board to eleven directors and elect Mr. Rogers to the Board of Directors effective March 27, 2014. Mr. Rogers joined Tempur Sealy International Inc. in March 2013 when the Company acquired Sealy, and served as Sealy's President and Chief Executive Officer from 2008 until his retirement in April 2014.

Sealy Corporation Reports Unaudited Sales Results for the Third Quarter Ended September 30, 2013

Sealy Corporation reported unaudited sales results for the third quarter ended September 30, 2013. The company's net sales for the third quarter of 2013 were $389.9 million.

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