Foamex International Inc. Business report FY2007
Business Highlights
Financial overview
| in million dollars | FY2007 | FY2006 | Rate of change | Factors |
| Overall | ||||
| Sales | 1,169.4 | 1,286.9 | (9.1%) | |
| Operating income | 30.1 | 118.4 | (74.6%) | |
| Automotive Products Segment | ||||
| Sales | 516.4 | 429.7 | 20.2% | The increase in sales was primarily generated from a new lamination contract. The increase in income was due to the net sales increase and lower per unit manufacturing costs. Income from operations was 6.4% of net sales in 2007 and 5.9% of net sales in 2006. |
| Operating income | 32.9 | 25.6 | 28.5% | |
Emergence from Chapter 11 Bankruptcy
The Company emerged from bankruptcy in February 2007, after it filed voluntary petition for relief under chapter 11 of
the US Bankruptcy Code in September 2005.
R&D
Structure
The Company's primary research and development facility is in Eddystone, Pennsylvania.
R&D Expenditure
| USD in millions | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 |
| R&D | 3.6 | 3.2 | 2.3 | 2.8 | 3.6 |