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Financial results

By Furniture Today Staff -- Furniture Today, February 5, 2006

Earnings per share are fully diluted, and all figures in parentheses are losses or declines.

Leggett & Platt
Owns Fashion Bed Group (Berkshire, Dresher and J/B Ross), Harris-Hub, Duro-Metal, Bedline and L&P Consumer Products Division
Quarter ended 12/31	2005	2004	Change
(a) Includes a net charge of approximately $23 million in the quarter and $40 million in the year from expenses related to restructuring activity initiated in September and unusually high workers' compensation costs, with a partially offsetting one-time income tax benefit.
Sales	$1,339,600,000	$1,282,200,000	4.5%
Operating income	97,000,000	93,700,000	3.5%
Net income (a)	45,300,000	65,600,000	(30.9%)
Earnings per share	0.24	0.33	(27.3%)
Year ended 12/31	2005	2004	Change
Sales	$5,299,300,000	$5,085,500,000	4.2%
Operating income	444,000,000	455,600,000	(2.5%)
Net income (a)	251,300,000	285,400,000	(11.9%)
Earnings per share	1.30	1.45	(10.3%)

Select Comfort
Quarter ended 12/31	2005	2004	Change
(a) Based on average shares outstanding of 37.3 million in the 2005 quarter, 39.1 million in the 2004 quarter, 38.4 million in the 2005 year and 39.7 million in the 2004 year.
Sales	$187,881,000	$148,608,000	26.4%
Operating income	24,625,000	16,148,000	52.5%
Net income	15,817,000	10,438,000	51.5%
Earnings per share (a)	0.42	0.27	55.6%
Year ended 12/31	2005	2004	Change
Sales	$691,066,000	$557,639,000	23.9%
Operating income	68,589,000	49,531,000	38.5%
Net income	43,767,000	31,555,000	38.7%
Earnings per share (a)	1.14	0.80	42.5%

Stanley Furniture
Quarter ended 12/31	2005	2004	Change
(a) Based on average shares outstanding of 12.8 million in the 2005 quarter, 13.3 million in the 2004 quarter, 13.2 million in the 2005 year and 13.1 million in the 2004 year.
Sales	$81,446,000	$83,269,000	(2.2%)
Operating income	9,257,000	9,399,000	(1.5%)
Net income	5,842,000	5,686,000	2.7%
Earnings per share (a)	0.46	0.43	7.0%
Year ended 12/31	2005	2004	Change
Sales	$333,646,000	$305,815,000	9.1%
Operating income	37,442,000	34,688,000	7.9%
Net income	23,231,000	20,789,000	11.7%
Earnings per share (a)	1.77	1.59	11.3%

Tempur-Pedic
Quarter ended 12/31	2005	2004	Change
(a) Includes pretax expenses of $752,000 for research and development, a $5 million charge for interest expense, a $3.5 million loss on the extinguishment of debt and $40,000 in other expenses. (b) Includes pretax expenses of $902,000 for research and development, a $5.7 million charge for interest expenses and $62,000 in other charges. (c) Based on average shares outstanding of 99.6 million in the 2005 quarter, 103.2 million in the 2004 quarter, 102.1 million in the 2005 year and 102.9 million in the 2004 year. (d) Includes pretax expenses of $2.7 million for research and development, a $20.3 million interest charge and a $4.2 million loss on the extinguishment of debt. (e) Includes pretax expenses of $2.3 million for research and development, a $23.6 million interest expense and a $5.4 million loss in the extinguishment of debt.
Sales	$215,643,000	$198,406,000	8.7%
Operating income	54,811,000	45,579,000	20.3%
Net income	(a)30,361,000	(b)23,880,000	27.1%
Earnings per share (c)	0.30	0.23	30.4%
Year ended 12/31	2005	2004	Change
Sales	$836,732,000	$684,866,000	22.2%
Operating income	193,550,000	153,318,000	26.2%
Net income	(d)99,329,000	(e)75,007,000	32.4%
Earnings per share (c)	0.97	0.73	32.9%

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