FOAMEX INTERNATIONAL INC. REPORTS RESULTS FOR THIRD QUARTER 1999 _________________________________ Company Reports Net Income of $6.1 Million or $0.24 Per Share on a Diluted Basis on Revenues of $326.9 Million; Achieves EBDAIT of $38.3 Million _________________________________ LINWOOD, PENNSYLVANIA, November 9, 1999 - Foamex International Inc. (Nasdaq: FMXI), North America's largest manufacturer of flexible polyurethane and advanced polymer foam products, today announced results for the third quarter ended September 30, 1999. Third Quarter 1999 Financial Summary          Net sales were $326.9 million during the third quarter versus $332.5 million in the prior year period.  The third quarter 1999 results reflect a decrease in Foam Products sales resulting from manufacturing consolidations and a decrease in Carpet Cushion Products volume offset by increased volume of automotive lamination products and sales of Technical Products.          Third quarter 1999 gross profit was $48.8 million, or 14.9% of net sales, versus $51.3 million, or 15.4% of net sales, for the prior year period.   Gross margin for the third quarter 1999 was impacted principally by lower Foam Products and Carpet Cushion Products sales and an increase in lower margin automotive lamination business. Third quarter 1999 selling, general and administrative expenses (“SG&A”) were $19.5 million versus $24.0 million in the prior year period.  The decrease in expenses versus the prior year period is primarily attributable to cost saving initiatives taken during the first nine months of 1999. Income from operations for the third quarter of 1999 was $26.3 million, net of a $3.0 million pre-tax restructuring charge and other costs principally for severance and the closure of the Company’s New York office.  Income from operations in the corresponding 1998 period was $27.3 million. Interest and debt issuance expense was $18.7 million for the third quarter 1999 versus $18.4 million during the comparable period in 1998. Other expense was $0.5 million in 1999 versus $3.2 million in 1998, while net income for the third quarter of 1999 was $6.1 million versus net income of $3.4 million in the prior year period.  Diluted earnings per share were $0.24 for the third quarter 1999 versus $0.13 for the comparable prior year period. John G. Johnson, Jr., President and Chief Executive Officer, said, “The third quarter performance met our expectations.  The results demonstrate that efforts to build a new organization and position the Company for sustained profitability are taking shape.  This momentum should continue in the fourth quarter as we pursue increased sales and manufacturing cost reduction initiatives.” Nine Months Ended September 30, 1999 Financial Summary For the nine months ended September 30, 1999, net sales rose to $962.8 million from $943.3 million for the comparable 1998 period, a 2.1% increase.  Gross profit for the first nine months of 1999 was $136.2 million, or 14.1% of net sales, versus $155.9 million, or 16.5% of net sales in the prior year period.          SG&A expense for the first nine months of 1999 decreased to $56.8 million from $68.9 million in the prior year period.  Interest and debt expense for the first nine months was $54.1 million versus $53.2 million in the first nine months of 1998.          The results for the nine month period ended September 30, 1999 include pre-tax restructuring and other charges of $10.1 million related principally to severance costs and expenses associated with operational changes. Other income of $2.6 million in the first nine months of 1999 includes a gain of $4.2 million from the sale of the Company’s corporate aircraft versus other expense of  $4.9 million recorded in the comparable 1998 period.          Net income for the nine-month period ended September 30, 1999 was $15.3 million versus net income of $15.8 million for the comparable 1998 period which included a $1.9 million extraordinary loss on the early extinguishment of debt.  Diluted earnings per share were $0.61 for the nine-month period ended September 30, 1999 versus diluted earnings per share of $0.60 for the comparable 1998 period.          Foamex, headquartered in Linwood, Pennsylvania, manufactures and markets flexible polyurethane and advanced polymer products in North America. For more information, visit http://www.foamex.com.          This press release contains forward-looking information, and actual results may materially vary from those expressed or implied herein.  Factors that could affect these results include those mentioned in the Company’s 10-K and 10-Qs filed with the Securities and Exchange Commission. Financial Tables