haverty furniture (HVT) Key Developments
Haverty Reports Unaudited Sales Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 8 15
Haverty reported unaudited sales results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of $187.7 million against $175.1 million a year ago. On a comparable store basis, sales for the quarter increased 4.8%. Comparable store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months.
For the six months, the company reported sales of $379.1 million against $356.9 million a year ago. On a comparable store basis, sales increased 4.3% for the first six months.
Haverty Furniture Companies Inc. to Report Q2, 2015 Sales/Trading Statement Results on Jul 08, 2015
Jun 28 15
Haverty Furniture Companies Inc. announced that they will report Q2, 2015 sales/trading statement results on Jul 08, 2015
Havertys Declares Cash Dividend, Payable on June 11, 2015; Promotes Tim Simpson to Assistant Vice President, Information Technology Development
May 12 15
Havertys announced that its board of directors declared a cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the company at a rate of $0.08 per share on the common stock and $0.075 per share on the Class A common stock. The dividend is payable on June 11, 2015 to stockholders of record at the close of business on May 27, 2015.
Tim Simpson was promoted to assistant vice president, information technology development. He started with the company in 2005 as senior java developer, in 2008 was serving as senior team manager, and since 2011 as director of development. Mr. Simpson is responsible for the architecture and development of key Havertys systems including sales, website, and intranet among others and reports to Greg Davis, vice president, information technology development.
Haverty Furniture Companies Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2015
May 4 15
Haverty Furniture Companies Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced net sales of $191,331,000 compared to $181,737,000 for the same period a year ago. Income before interest and income taxes was $10,420,000 compared to $10,229,000 for the same period a year ago. Income before income taxes was $9,928,000 compared to $9,956,000 for the same period a year ago. Net income was $6,119,000 or $0.27 per basic and diluted common stock and $0.25 per diluted Class A common stock compared to $6,129,000 or $0.27 per basic and diluted common stock and $0.26 per basic and diluted Class A common stock for the same period a year ago. Net cash provided by operating activities was $13,564,000 compared to $8,448,000 for the same period a year ago. Capital expenditures were $6,711,000 compared to $4,518,000 for the same period a year ago.
The company provided earnings guidance for the full year of fiscal 2015. The company announced that its previous guidance on gross profit margins for the full year 2015 is unchanged at 53.3%. Total capital expenditures are estimated to be in the $32 million to $35 million range in 2015 depending on the timing of spending for new projects.
Haverty Furniture Companies Inc. to Report Q1, 2015 Results on May 04, 2015
Apr 7 15
Haverty Furniture Companies Inc. announced that they will report Q1, 2015 results After-Market on May 04, 2015