This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Sealy, EXFO: After-Hours Trading

Stocks in this article: ZZEXFO

NEW YORK ( TheStreet) -- Shares of Sealy Corp. (ZZ) jumped on light volume in late trades on Tuesday after the mattress maker reported a surprise profit in its fiscal first quarter.

The Trinity, N.C.-based company posted net income from continuing operations of $1.6 million, or a penny per share, for the three months ended Feb. 26 on sales of $312.3 million. The average estimate of analysts polled by Thomson Reuters was for a loss of 2 cents a share in the quarter on sales of $301.8 million.

Sealy cited strength in gross margin for its U.S. business as a driver for the better than expected performance. The company said U.S. gross margin rose 0.8 percentage points to 38.7% because of better pricing and a favorable shift in product mix stemming from the successful launch of its higher priced Next Generation Stearns & Foster products.



The stock was last quoted at $2.17, up 15.4%, on volume of more than 33,000, according to Nasdaq.com. Based on Tuesday's regular-session close at $1.88, the shares were already up more than 10% so far in 2012.

"We delivered positive financial and operational performance in the first quarter of 2012," said Larry Rogers, the company's president and CEO, in a statement. "Our positive sales, gross margin and Adjusted EBITDA performance for the quarter were driven by the success of our Next Generation Stearns & Foster line, which began shipping in Q4, 2011."

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) rose 21.2% year-over-year to $36.4 million.

"As we look forward in 2012, we are focused on driving continued performance of the new Stearns & Foster line at retail, and initiating the rollouts of the new, value priced Sealy Promotional Line, and the premium priced Optimum by Sealy Posturepedic line," Rogers added. "These two lines were introduced at the January 2012 Las Vegas Furniture Market and will begin shipping in the second quarter of 2012."

Check out TheStreet's quote page for Sealy for year-to-date share performance, analyst ratings, earnings estimates and much more.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs