• Market leader in mattress fabrics and upholstery fabrics business
• Focused on high return on capital and free cash flow
• Strong net cash position and disciplined use of capital
• Significant funds returned to shareholders
• Focused on product innovation and creativity to drive sales and profits
• Strengthened “economic moats” in both businesses
• Focused on expanding business with large key and new customers
• Diversified customer base in upholstery fabrics
• Added cut and sewn mattress cover operation
• Made significant investments in mattress fabrics business to add capacity and improve operating efficiency
• Supplier of mattress fabrics and covers to all major industry players
• Innovative designs across all price points
• High return on capital
• Scalable manufacturing platform and reactive capacity
• Newest venture in mattress covers enhances market position
• Globally competitive cost manufacturer
• World class customer service and distribution
• Focused on creativity and product innovation
• Diverse product mix across all price points
• High return on capital
• Favorable customer response to new product introductions
• New end-user markets include hospitality and “lifestyle” retail categories
• Outstanding design capabilities with scalable 100% owned China platform
• World class customer service and distribution
• Fund working capital and capital expenditure requirements for organic growth
• Pay quarterly cash dividend
• Evaluate strategic acquisition opportunities in the mattress fabrics business
• Consider share repurchases at a target price
• Consider payment of a special dividend at the end of fiscal year
• Build excess cash if decide against share repurchases or special dividend
| Date Requested | Closing Price | Volume | Split Adjustment Factor | Open Price | Day High | Day Low |
|---|---|---|---|---|---|---|
| August 13, 2018 | $24.85 | 20,689 | 1:1 | $25.45 | $25.45 | $24.75 |
| August 14, 2018 | $25.60 | 23,625 | 1:1 | $24.90 | $25.85 | $24.65 |
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