• Market leader in mattress fabrics and upholstery fabrics business
• Global manufacturing platform
• 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
• Pursued product and customer diversification strategy in both businesses
• Added cut and sewn mattress cover operation in Haiti
• Made significant investments in mattress fabrics business to add capacity and improve operating efficiency
• Acquired complementary businesses to expand product offering
• Leading 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
• Globally competitive cost manufacturer
• World class customer service and distribution
• New line of bedding accessories expands product offering
• Acquisition of eLuxury adds e-commerce platform
• Focused on design creativity and product innovation
• Diverse customer base and product mix across all price points
• Ability to leverage scalable China manufacturing platform
• High return on capital
• Favorable customer response to performance line of fabrics
• New end-user markets include hospitality and "lifestyle" retail categories
• Acquisition of Read Window Products expands business in hospitality market
• World class customer service and distribution
• Fund working capital and capital expenditure requirements for organic growth
• Pay quarterly cash dividend
• Evaluate strategic acquisition opportunities
• 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 |
|---|---|---|---|---|---|---|
| October 15, 2018 | $22.94 | 29,749 | 1:1 | $23.11 | $23.66 | $22.78 |
| October 16, 2018 | $24.23 | 61,190 | 1:1 | $23.06 | $24.25 | $22.98 |
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