stanley furniture co inc (STLY) Key Developments
Stanley Furniture Co. Inc. Provides Capital Expenditures, Annual Depreciation and Amortization Guidance for the Year 2015
May 5 15
Stanley Furniture Co. Inc. provided Capital expenditures and annual depreciation and amortization guidance for the year 2015. Capital expenditures for 2015 are expected to be less than $0.5 million, and annual depreciation and amortization should be approximately $450,000.
Stanley Furniture Co. Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 28, 2015
May 4 15
Stanley Furniture Co. Inc. announced unaudited consolidated earnings results for the first quarter ended March 28, 2015. For the quarter, the company reported net sales of USD 14,672,000 against USD 14,642,000 a year ago. Operating loss was USD 663,000 against USD 1,340,000 a year ago. Income before income taxes was USD 2,838,000 against loss before income taxes of USD 1,735,000 a year ago. Net income from continuing operations was USD 2,773,000 or USD 0.19 per share against net loss from continuing operations of USD 1,725,000 or USD 0.12 per share, a year ago, driven by the receipt of USD 3.8 million in distributions related to the Continued Dumping and Subsidy Offset Act of 2000. Net income was USD 2,655,000 or USD 0.18 per diluted share against net loss of USD 4,626,000 or USD 0.33 per diluted share a year ago. Net cash provided by operating activities was USD 736,000 against net cash used in operating activities of USD 1,791,000 a year ago.
Stanley Furniture Co. Inc. to Report Q1, 2015 Results on May 04, 2015
Apr 9 15
Stanley Furniture Co. Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 04, 2015
Stanley Furniture Company, Inc. Provides Earnings Guidance for the First Quarter and Third Quarter of 2015
Apr 9 15
Stanley Furniture Company Inc. announced that it expects to report flat first quarter of 2015 sales from continuing operations and an operating loss driven by the west coast port strike and weather. The company’s sales remained flat with the prior year quarter as backlog from successful fall product introductions shipped. Order rates fell sharply as the quarter progressed due to bad weather mostly in the northeast and mid-Atlantic.
The company made adjustments to cost structure late in the quarter to minimize year-to-date losses by the end of second quarter and to generate net profits beginning in the third quarter of 2015 at the current level of sales.
Stanley Furniture Co. Inc., Annual General Meeting, May 15, 2015
Mar 30 15
Stanley Furniture Co. Inc., Annual General Meeting, May 15, 2015., at 11:00 US Eastern Standard Time. Location: Stanley Furniture Corpirate Office.