Foamex International has reported mixed 2004 second quarter results. Net sales for the period were $314.1 million, down 7 percent from $337.6 million in the second quarter of 2003 due to lower volume in the Automotive segment. Gross profit in the second quarter of 2004 was $40.2 million, up 4 percent from $38.7 million in the second quarter of 2003.
Gross profit margin for the second quarter of 2004 was 12.8 percent, up from 11.5 percent from the year-earlier period. The gross margin improvement reflects lower operating costs and a better mix of value-added products, Foamex said.