OHIO MATTRESS CO <OMT> 1ST QTR FEB 28 NET
Shr 15 cts vs 15 cts
    Net 2,407,000 vs 2,393,000
    Revs 117.2 mln vs 67.1 mln
    Note: Aggregate judgments in antitrust and other suits of
77 mln dlrs not included in year-ago or 1987 1st qtr results.
Company said any portion of this amount, including related
interest or attorneys' fees, would be proportionately reflected
as a reduction in its minority interest of Sealy recorded on
its consolidated balance sheet upon final settlement of
litigation.
    Note: Consolidated balance sheet as of end of 1st qtr
reflects after-tax impact of 50 mln dlr settlement won by Sealy
licensee in Michigan.
    1987 results include all operations of all acquired
Sealy-brand licensees and 82 pct of Sealy. Remaining 18 pct of
Sealy is recorded as minority interest.
    Proceeds of 170 mln dlrs from sale of stock and debt were
used to reduce balance of revolving credit agreement to 80 mln
dlrs. Accordingly, 250 mln dlr obligation to banks under credit
agreement was recorded as a long-term liability as of end of
1st qtr.
    Note: In April, company intends to acquire Michigan Sealy
licensee and fund transaction with 25 mln dlrs in cash and
borrow balance required from banks.
 Reuter
