LINWOOD, Pa. -- Foamex International reported improved sales results in the first quarter of 2002 even though net income was off from the year-earlier period due to accounting charges.
Net sales for the first quarter were $314.1 million, up 4 percent from $301.9 million in the first quarter of 2001. Net income for the quarter was $4.5 million, or 17 cents per diluted share, compared with net income of $5.9 million, or 24 cents per diluted share in the first quarter of 2001.