Playtex Reports First Quarter 2005 Results

The Company also continued to reduce its long-term debt
by repurchasing $41. EST. Its subsidiaries
include Hamco, Inc.

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3 million in the
first quarter 2004.

In addition, in the first quarter of 2005, the Company recorded a
tax benefit of $4. Year over year cup
sales are down for the quarter, but new products are expected to
improve cup sales in the back half of the year. sun care category's annual
consumption, the overall poor weather caused U.
The Company announced that its restructuring and realignment plans
remain on track.

PLAYTEX PRODUCTS, INC.2 million write-off of
unamortized deferred financing fees relating to the
repurchase bonds. Some of these
limitations are:

-- EBITDA does not reflect our cash expenditures, or future
requirements , for capital expenditures or contractual
commitments;

-- EBITDA does not reflect changes in, or cash requirements
for, our working capital needs;

-- EBITDA does not reflect the significant interest expense,
or the cash requirements necessary to service interest or
principal payments, on our debts;

-- Other companies in our industry may calculate EBITDA
differently than we do, limiting its usefulness as a
comparative measure. E.

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com

This press release contains non-GAAP financial measures within the
meaning of Regulation G promulgated by the Securities and Exchange
Commission.01 par value , authorized
100,000,000 shares, issued and outstanding
61,304,393 shares at April 2, 2005 and
61,215,856 shares December 25, 2004 613 612
Additional paid-in capital 526,951 526,233
Retained earnings (accumulated deficit) (428,063) (443,032)
Accumulated other comprehensive income 195 122
---------- ------------
Total stockholders' equity 99,696 83,935
---------- ------------
Total liabilities and stockholders'
equity $1,052,868 $1,091,390
========== ============

PLAYTEX PRODUCTS, INC.com/


A telephone replay of the teleconference will be available from 3:45 p.

It includes items intended for children or their parents, including baby bottles, strollers, and car seats.

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S.
The Company reconfirmed its previously announced guidance for 2005
of net sales growth in the low single digits versus prior year,
excluding sales of Woolite , or flat to slightly down versus prior year
on a reported basis. Forward-looking
statements involve a number of risks, uncertainties or other factors
beyond the Company's control, which may cause material differences in
actual results, performance or other expectations.21
Diluted $ 0.

Net income $ 14,969 $ 12,610
Income tax expense 3,083 8,378
Interest expense, net 17,751 17,751
Amortization of intangibles 608 608
Depreciation 3,959 3,959
-------- ---------

EBITDA (5) $ 40,370 $ 43,306
======== =========

Reconciliation of Results "As Reported" to THREE MONTHS ENDED
Results "Excluding Charges / Gain" (1) March 27, 2004
---------------------------
As Excluding
Reported Charges Charges
(3)
-------- -------- - --------

Net Sales:
Feminine Care $ 55,855 $ - $ 55,855
Infant Care 41,265 - 41,265
Skin Care 80,507 - 80,507
Other 7,488 - 7,488
-------- -------- ---------
Subtotal 185,115 - 185,115
Divested 6,813 - 6,813
-------- --- ----- ---------

Total net sales 191,928 - 191,928
Cost of sales 91,699 - 91,699
-------- -------- ---------
Gross profit 100,229 - 100,229

Operating expenses:
Selling, general and administrative 62,938 (1 ,369) 61,569
Restructuring, net 93 (93) -
Amortization of intangibles 226 - 226
-------- -------- ---------
Total operating expenses 63,257 (1,462) 61 ,795
-------- -------- ---------

Operating income 36,972 1,462 38,434

Interest expense, net 16,406 - 16,406
Expenses related to retirement of debt,
net 6,432 (6,432) -
Other expense 299 - 299
-------- -------- ---------

Income before income taxes 13,835 7,894 21,729

Provision for income taxes 5,459 3,102 8,561
----- --- -------- ---------

Net income $ 8,376 $ 4,792 $ 13,168
======== ======== =========

EPS: Basic $ 0.3 million and a
restructuring related charge included in SG +A of $0.1 million related to the repatriation
of cash from a foreign subsidiary.

Crown Crafts, Inc. in Louisiana, Crown Crafts Infant Products, Inc.

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"
Feminine Care sales declined 3% in the first quarter 2005.
Sales of Infant Care products increased 13% in the quarter
primarily due to higher Diaper Genie sales due to the timing of
shipments.3 million principal of our 8% Senior Secured
Notes ("8% Notes"), and

-- A tax benefit of $4.

(4) Represents fees associated with our now terminated receivables
facility included in other expense. We believe that EBITDA is a
performance measure that provides securities analysts, investors
and other interested parties with a measure of operating results
unaffected by differences in capital structures, capital
investment cycles and ages of related assets among otherwise
comparable companies in our industry. EBITDA has limitations as an analytical tool,
and you should not consider it in isolation, or as a substitute
for analysis of our results as reported under GAAP.
Please refer to confirmation number 816269.

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2 million, or $0.4 million in 2004. Infant bottle feeding and soothing continued to grow,
benefiting from new products launched in 2004.
"This first quarter was a solid start to 2005, but we still have a
lot of work ahead of us in order to achieve our goals. We are
executing our strategy by focusing on our core categories,
accelerating new product development , improving our marketing plans,
instituting new employee "Pay For Performance" plans, and improving
our financial profile.2 million
as a result of our strategic realignment announced in February
2005,

-- A premium charge of $4. in
California and Churchill Weavers , Inc.

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(NYSE: PYX) today reported results for the first
quarter ended April 2, 2005. EST on Friday , April 29, 2005 to discuss first quarter 2005
results.m.

Playtex Products, Inc.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.21

Weighted average shares outstanding:
Basic 61,245 61,245
Diluted 61,468 61,468

The table below reconciles EBITDA to net
income, the most directly comparable GAAP
measure. Central
Standard Time on February 22, 2006.

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7 million versus year
ago net sales of $191.3 million of its 8% notes during the quarter, and
an additional $21.playtexproductsinc.14 $ 0.

Net income $ 8,376 $ 13,168
Income tax expense 5,459 8,561
Interest expense, net 16,406 299(4) 16,705
Amortization of intangibles 226 226
Depreciation 3,676 3,676
-------- ---------

EBITDA (5) $ 34,143 $ 42,336
======== =========

See accompanying notes to the Consolidated Statements of Income Data.

PRESS RELEASE Crown Crafts Inc. to Announce Results for Third Quarter of Fiscal Year 2006

Randall
Chestnut , Chairman, President and Chief Executive Officer, and Amy Vidrine
Samson, Chief Financial Officer , will host a teleconference at 1:00 p.m.

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0 million in the quarter but
increased as a percentage of net sales as a result of increased
advertising.7 million in the month of April.24 $ 0 . The columnar information under the caption "Charges /
Gain" and "Excluding Charges / Gain" are not substitutes for
analysis of our results as reported under GAAP and should only be
used as supplemental information.7 million, a restructuring
related charge included in cost of sales of $0.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)

Three Months Ended
---------------------
April 2, March 27,
2005 2004
---------- ----------
Cash flows from operations:
Net income $ 14,969 $ 8,376
Adjustments to reconcile net income to net
cash provided by (used for) operations:
Depreciation 3,959 3,676
Amortization of intangibles 608 226
Amortization of deferred financing costs 707 419
Deferred income taxes 1,788 4,830
Prepaid pension asset and postretirement
benefits 832 590
Premium (discount) on bond repurchases 3,992 (450)
Write-off of deferred fees related to
retirement of debt 754 6,882
Other, net 291 327
Net changes in operating assets and
liabilities, net of dispositions:
Accounts receivable and retained interests (29,041) (58,536)
Inventories 3,282 3,043
Accounts payable (11 ,257) (3,475)
Accrued expenses (3,611) 4,620
Other (978) 5,729
---------- ----------

Net cash used for operations (13,705) (23 ,743)

Cash flows from investing activities:
Capital expenditures (1,982) (3,035)
Payment for intangible assets (848) --
---------- ----------

Net cash used for investing activities (2,830) (3,035)

Cash flows from financing activities:
Borrowings under revolving credit facilities -- 83,000
Repayments under revolving credit facilities -- (63,000)
Long-term debt borrowings -- 467,500
Long -term debt repayments (41,250) (453,250)
(Premium) discount on bond repurchases (3,992) 450
Payment of financing costs -- (12,200)
Proceeds from exercise of stock options 689 --
---------- ----------

Net cash (used for) provided by
financing activities (44,553) 22,500
Effect of exchange rate changes on cash (206) (291)
---------- ------- ---

(Decrease) in cash and cash equivalents (61,294) (4,569)
Cash and cash equivalents at beginning of period 137,766 27,453
----- ----- ----------

Cash and cash equivalents at end of period $ 76,472 $22,884
========== ==========

Supplemental disclosures of cash flow
information

Cash paid during the periods for:
Interest $ 18,549 $ 8,452
Income tax payments, net $ 1,497 $ 140

crowncrafts. designs, markets and distributes infant and juvenile
consumer products , including bedding, blankets, bibs, bath items, diaper
bags and accessories, and luxury hand-woven home dcor. Crown Crafts is
America's largest producer of infant bedding, bibs and bath items.

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Adjusted EBITDA was $43.7 million
in 2005 and $6.

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To access the webcast of
this call (live + replay ), please go to the "Investor Relations"
portion of our website www. We believe issuers of "high yield "
securities also present EBITDA because investors, analysts and
rating agencies consider it useful in measuring the ability of
those issuers to meet debt service obligations.





http://www.

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24 per
diluted share versus $8. Operating income, excluding the estimated
additional realignment charges of $6 to $8 million , should be between
$105 million and $115 million.
The live audio webcast will be accessible on the Company's website
www. Included in this press release, and on our web site, is a
reconciliation of these non-GAAP financial measures to the most
directly comparable financial measure calculated in accordance with
GAAP.

With the exception of the historical information contained in the
release, the matters described herein contain forward-looking
statements that are made pursuant to the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995.
CONSOLIDATED STATEMENTS OF INCOME DATA
(Unaudited, in thousands, except per share data)


Reconciliation of Results "As Reported" to THREE MONTHS ENDED
Results "Excluding Charges / Gain" (1) April 2, 2005
--------- ------------------
As Charges Excluding
Reported / Gain Charges
(2) / Gain
-------- ------- - ---------

Net Sales:
Feminine Care $ 54,018 $ - $ 54,018
Infant Care 46,800 - 46,800
Skin Care 78,456 - 78,456
Other 7,411 - 7,411
-------- -------- ---------
Subtotal 186,685 - 186,685
Divested - - -
-------- --- ----- ---------

Total net sales 186,685 - 186,685
Cost of sales 87,013 (330) 86,683
-------- -------- ---------
Gross profit 99,672 330 100,002

Operating expenses:
Selling, general and administrative 57,759 2,875 60,634
Restructuring, net 735 (735) -
Amortization of intangibles 608 - 608
-------- -------- ---------
Total operating expenses 59,102 2,140 61 ,242
-------- -------- ---------

Operating income 40,570 (1,810) 38,760

Interest expense, net 17,751 - 17,751
Expenses related to retirement of debt,
net 4,746 (4,746) -
Other expense 21 - 21
-------- -------- ---------

Income before income taxes 18,052 2,936 20,988

Provision for income taxes 3,083 5,295 8,378
----- --- -------- ---------

Net income $ 14,969 $(2,359) $ 12,610
======== ======== =========

EPS: Basic $ 0.0 million lawsuit award, included in selling, general
and administrative expenses ("SG+A"), related to a previously
disclosed false advertising claim against a competitor ,

-- A restructuring charge of $0. We believe EBITDA
is an appropriate supplemental measure of debt service capacity
because cash expenditures for interest are, by definition,
available to pay interest, and tax expense is inversely correlated
to interest expense because tax expense goes down as deductible
interest expense goes up; depreciation and amortization are
non-cash charges.

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21 per diluted
share in the first quarter 2005 versus $13.3
million in the first quarter 2005 compared with $42. Banana Boat sales were flat in the
quarter versus prior year as the poor weather dampened reorders, but
prior season returns have been lower than anticipated . SG+A expense versus the prior year, excluding certain
charges and gains, declined by $1. We compensate for these limitations by
relying primarily on our results presented in accordance with
accounting principles generally accepted in the U. and using
EBITDA only supplementally. in Kentucky.

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9 million, down 3%.22 per
diluted share in the first quarter 2004.
Results in the first quarters of 2005 and 2004 were impacted by
certain charges and gains, including on a pre-tax basis:

-- A $3. Gross margins improved over 100 basis points versus
prior year as the full impact of the operational restructuring begun
in 2004 more than offset the initial impacts of raw material cost
increases.
Playtex will hold a conference call with analysts and investors at
10:00 a .playtexproductsinc.22

Weighted average shares outstanding:
Basic 61,216 61,216
Diluted 61,216 61,216

The table below reconciles EBITDA to net
income, the most directly comparable GAAP
measure.
CONSOLIDATED BALANCE SHEETS
(In thousands , except share data)

April 2, December 25,
2005 2004
---------- ------------
Assets (unaudited)
Current assets:
Cash + cash equivalents $ 76,472 $ 137,766
Receivables , less allowance for doubtful
accounts of $1,323 and $1,314 for 2005 and
2004, respectively 126,315 97,188
Inventories 68,485 71,711
Deferred income taxes, net 10,247 9,789
Other current assets 9,614 8,266
---------- ------------
Total current assets 291,133 324,720

Net property, plant and equipment 118,492 120,638
Goodwill 494,307 494,307
Trademarks, patents + other 127,772 128,304
Deferred financing costs 15,125 16 ,586
Other noncurrent assets 6,039 6,835
---------- ------------
Total assets $1,052,868 $ 1,091,390
========== ============

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 30,509 $ 41,758
Accrued expenses 78,901 81,112
Income taxes payable 1,908 2,110
---------- ------------
Total current liabilities 111,318 124,980

Long-term debt 758,750 800,000
Deferred income taxes 63,614 61,403
Other noncurrent liabilities 19,490 21,072
---------- ------------
Total liabilities 953,172 1,007,455
---------- ------------
Stockholders' equity:
Common stock, $0. The financial information to be discussed during the
teleconference may be found on the investor relations portion of the
Company's website after earnings are released.m. The access code for the replay is 816269.

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0 million lawsuit award in 2005 related to a false
advertising claim against a competitor,

Restructuring and related expenses of $1. DeFeo stated,
"Overall, we are pleased with our first quarter 2005 results as we
continue to strengthen our operations and marketing programs in line
with our new strategy announced in early April."
DeFeo continued, "We've made progress toward every major area of
our new strategy including improving our core category focus , reducing
costs, improving our compensation and employee development plans,
accelerating new product development, and paying down debt.S.m.
The Company assumes no obligation to update such information .24 $ 0. The teleconference can also be
accessed in listen-only mode by visiting the Company's website at
www.

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A reconciliation of the results "as reported" to
results "excluding charges and gains" is included on the Consolidated
Statements of Income Data attached to this release .
Skin Care net sales were down 3% year-over-year primarily due to a
decrease in Baby Magic toiletries as a result of reduced space at
retail as new competition entered the market. Sales of Wet
Ones hand and face wipes increased due to meaningful gains in
distribution.S.

PLAYTEX PRODUCTS, INC.

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Business Editors

WESTPORT, Conn.1 million related to the repatriation of cash from a
foreign subsidiary. The replay number is
888-286-8010, and the passcode is 63237195. These factors
include, but are not limited to, the inability to grow operating
income , EBITDA and earnings per share or reduce debt, interest expense
and leverage ratios to the target levels, the ability to save targeted
amounts as part of the restructuring and realignment plans, general
economic conditions, interest rates, competitive market pressures, the
loss of a significant customer, raw material and manufacturing costs,
capacity limitations, the ability to integrate acquisitions , adverse
publicity and product liability claims, capital structure, the impact
of weather conditions on sales, and other factors detailed in the
Company's reports filed with the Securities and Exchange Commission.
NOTES TO CONSOLIDATED STATEMENTS OF INCOME DATA

(1) We have presented the "Charges / Gain" and "Excluding Charges /
Gain" columnar information, as we believe it provides securities
analysts, investors and other interested parties with more insight
as to certain significant transactions that occurred during the
fiscal periods presented, that may or may not be recurring in
nature. We also use EBITDA for
planning purposes, including the preparation of annual operating
budgets, to determine levels of operating and capital investments
and for compensation purposes.
Crown Crafts, Inc.

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----Playtex
Products, Inc.
Net income for the quarter totaled $15. Though the first quarter
represents typically only 10% of the U. I am confident that these steps will yield the
results we are looking for in 2005, and we are determined to achieve
our long-term goals as announced in our April 4th press release,"
concluded DeFeo.com
Neil DeFeo, and Kris Kelley, Executive Vice President and Chief
Financial Officer, will represent Playtex at a conference hosted by
Goldman Sachs to be held in New York City on Wednesday, May 11, 2005.14 $ 0.1 million and restructuring
related charge included in SG+A of $1.5 million , associated with the
repurchase on the open market of $10.

(5) EBITDA represents net income before interest, income taxes,
depreciation and amortization.

Interested investors may join the teleconference by dialing (800) 230-1074.

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However, after adjusting for
the sale of the Woolite brand assets divested in November 2004,
comparable net sales grew 1% in the quarter.0 million , or $0.4 million, or $0. Adjusting for certain charges and gains as
detailed below, net income was $12.5 million in 2004, and

Net expenses related to the retirement of debt of $4.
President and Chief Executive Officer, Neil P.7 million write
off of unamortized deferred financing fees related to the
repurchase of $41.

(3) Included in the results for the first quarter of 2004 are the
following:

-- A restructuring charge of $0.m.
Central Standard Time on February 15, 2006 through 11:59 p. The
Company's products include licensed and branded collections as well as
exclusive private label programs for certain of its customers.

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6 million, or $0. The Company believes the impact
of the extra week on results in the first quarter 2005 was not
material. Tampon
dollar market share remains stable, while improved marketing and
reduced prices for Beyond tampons reached the market at the end of the
quarter. category consumption
to decline 4% during the quarter .

Because of these limitations, EBITDA should not be considered as a
measure of discretionary cash available to us to invest in the
growth of our business. (OTC BB: CRWS) intends to
release the results of its operations for the third quarter of fiscal year
2006 before the market opens on Wednesday, February 15, 2006. To access the replay, dial
(800) 475-6701 in the United States or (320) 365-3844 from international
locations.

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Net sales were $186.
Cash flow trends remain strong , with continued working capital
improvements.

PLAYTEX PRODUCTS, INC .7 million associated with the write-off of
unamortized deferred financing costs as a result of the
repayment of our then outstanding bank indebtedness and
termination of our receivables facility.

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Consequently, 2005 will be a 53 week year, and results
for the first quarter of 2005 are for the 14-week period ended
April 2, 2005 and results for the first quarter 2004 are for the
13-week period ended March 27, 2004.22
Diluted $ 0.4 million, related to
the 2003 operational restructuring initiative,

-- A loss of $6. These transactions
were funded with the proceeds from the issuance of $460.
Central Standard Time on that same day to discuss the Company's results and
answer appropriate questions from stockholders.crowncrafts.

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2 million in 2005 and
$1. Bubble and
Playtex gloves .

(2) Included in the results for the first quarter of 2005 are the
following:

-- A $3.

The Children category focuses on the business of manufacturing, distributing, and marketing products related to children.

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A replay of the conference call will be available through
Thursday , May 5th at 11:59 p. is a leading manufacturer and distributor
of a diversified portfolio of Feminine Care, Infant Care and Skin care
products, including Playtex tampons, Playtex infant feeding products ,
Diaper Genie, Banana Boat, Wet Ones, Baby Magic, Mr.0 million and a $0.0
million of 8 % Notes and the creation of a New Credit Facility,
and

-- A gain of approximately $0.0 million principal
amount of our 9 3/8% Senior Subordinated Notes, which was
offset in part by approximately a $0.

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14 per diluted share in the
first quarter 2004.
The Company 's fiscal year ends on the last Saturday nearest to
December 31 and, as a result, a fifty-third week is added every five
or six years. The dial in number is 1-800-901-5217 and the passcode is
90986505 .com.

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