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Financial results

By Furniture Today Staff -- Furniture Today, July 30, 2006

Ethan Allen
Furniture Brands International
Leggett & Platt
Quaker Fabric
Select Comfort
Tempur-Pedic

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

Ethan Allen

Quarter ended 6/30	2006	2005	Change
(a) Based on average shares outstanding of 33.8 million in the 2006 quarter, 35 million in the 2005 quarter, 34.1 million in the 2006 year and 36.2 million in the 2005 year. (b) Includes a $4.2 million pretax restructuring and impairment charge in the 2006 year and a $419,000 pretax restructuring and impairment credit in the 2005 year.
Sales	$272,002,000	$242,260,000	12.3%
Operating income	36,851,000	32,149,000	14.6%
Net income	22,394,000	19,511,000	14.8%
Earnings per share (a)	0.66	0.56	17.9%
Year ended 6/30	2006	2005	Change
Sales	$1,066,390,000	$949,012,000	12.4%
Operating income	146,913,000	128,759,000	14.1%
Net income (b)	85,682,000	79,338,000	8.0%
Earnings per share (a)	2.51	2.19	14.6%

Furniture Brands International

Owns Broyhill, Drexel Heritage, Henredon, Lane, Maitland-Smith and Thomasville

Quarter ended 6/30	2006	2005	Change
(a) Based on average shares outstanding of 48.9 million in the 2006 quarter, 52.8 million in the 2005 quarter, 49.2 million in the 2006 six months and 53.2 million in the 2005 six months.
Sales	$601,275,000	$593,753,000	1.3%
Operating income	30,135,000	16,626,000	81.3%
Net income	16,978,000	9,591,000	77.0%
Earnings per share (a)	0.35	0.18	94.4%
6 months ended 6/30	2006	2005	Change
Sales	$1,262,720,000	$1,235,318,000	2.2%
Operating income	67,510,000	55,147,000	22.4%
Net income	47,200,000	34,375,000	37.3%
Earnings per share (a)	0.96	0.65	47.7%

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 6/30	2006	2005	Change
(a) Based on average shares outstanding of 187.9 million in the 2006 quarter, 195 million in the 2005 quarter, 188.1 million in the 2006 six months and 195.8 million in the 2005 six months.
Sales	$1,402,600,000	$1,309,800,000	7.1%
Operating income	130,600,000	127,900,000	2.1%
Net income	84,200,000	79,200,000	6.3%
Earnings per share (a)	0.45	0.41	9.8%
6 months ended 6/30	2006	2005	Change
Sales	$2,780,300,000	$2,611,100,000	6.5%
Operating income	246,900,000	247,700,000	(0.3%)
Net income	146,300,000	152,000,000	(3.8%)
Earnings per share (a)	0.78	0.78	0.0%

Quaker Fabric

Quarter ended 7/1	2006	2005	Change
(a) Includes pretax restructuring and asset impairment charges of $13.7 million in the 2006 quarter and $14 million in the 2006 six months and income tax benefits of $6.2 million in the 2006 quarter and $8.5 million in the 2006 six months. (b) Includes a $5.4 million pretax goodwill impairment charge in both 2005 periods, a $3.7 million pretax restructuring and asset impairment charge in both 2005 periods, a $2.2 million pretax charge for the early extinguishment of debt in both 2005 periods and income tax benefits of $4.2 million in the 2005 quarter and $6.4 million in the 2005 six months.
Sales	$42,880,000	$68,885,000	(37.8%)
Operating income	(3,622,000)	(2,431,000)	—
Net income	(a)(12,130,000)	(10,342,000)	—
Earnings per share	(0.72)	(0.61)	—
6 months ended 7/1	2006	2005	Change
Sales	$89,160,000	$128,100,000	(30.4%)
Operating income	(8,513,000)	(6,899,000)	—
Net income	(b)(16,265,000)	(13,432,000)	—
Earnings per share	(0.96)	(0.80)	—

Select Comfort

Quarter ended 7/1	2006	2005	Change
(a) Reflects a 3-for-2 stock split effective June 8. Based on average shares outstanding of 53.4 million in the 2006 quarter, 53.7 million in the 2005 quarter, 56.4 million in the 2006 six months and 58.6 million in the 2005 six months.
Sales	$188,641,000	$154,520,000	22.1%
Operating income	16,462,000	12,181,000	35.1%
Net income	10,741,000	7,862,000	36.6%
Earnings per share (a)	0.19	0.13	46.2%
6 months ended 7/1	2006	2005	Change
Sales	$401,371,000	$327,352,000	22.6%
Operating income	34,767,000	25,829,000	34.6%
Net income	22,475,000	16,504,000	36.2%
Earnings per share (a)	0.40	0.28	42.9%

Tempur-Pedic

Quarter ended 6/30	2006	2005	Change
(a) Based on average shares outstanding of 87.5 million in the 2006 quarter, 103.4 million in the 2005 quarter, 90.2 million in the 2006 six months and 103.3 million in the 2005 six months. (b) Includes a $717,000 pretax loss on the extinguishment of debt.
Sales	$218,962,000	$192,615,000	13.7%
Operating income	48,213,000	45,110,000	6.9%
Net income	26,112,000	24,850,000	5.1%
Earnings per share (a)	0.30	0.24	25.0%
6 months ended 6/30	2006	2005	Change
Sales	$447,548,000	$414,994,000	7.8%
Operating income	96,270,000	95,294,000	1.0%
Net income	53,005,000	(b)51,600,000	2.7%
Earnings per share (a)	0.59	0.50	18.0%

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