On Feb. 8, Hooker Furniture
- Sales grew slightly despite the difficult operating environment. However, the operating margin for the quarter fell to 6.2% from 7.3% on restructuring and asset impairment charges.
- The company announced that it plans to close its last remaining wood furniture facility by the end of March, marking its exit from domestic wood furniture manufacturing.
- Hooker Furniture remains a one-star stock (out of five) in our community intelligence database, Motley Fool CAPS. Only 29 of 64 investors believe it will outperform the S&P 500.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$91.0 |
$90.2 |
0.9% |
|
Net Profit |
$3.5 |
$4.0 |
(13.3%) |
|
EPS |
$0.29 |
$0.34 |
(14.7%) |
|
Diluted Shares |
12.0 |
11.8 |
1.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
30.7% |
28.3% |
2.5 |
|
Operating Margin |
6.2% |
7.3% |
(1.1) |
|
Net Margin |
3.8% |
4.5% |
(0.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$31.9 |
$16.4 |
94.7% |
|
Accounts Rec. |
$45.4 |
$44.0 |
3.3% |
|
Inventory |
$68.1 |
$68.7 |
(0.8%) |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$11.3 |
$13.9 |
(18.9%) |
|
Long-Term Debt |
$8.6 |
$11.0 |
(22.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$22.3 |
$19.6 |
13.8% |
|
Capital Expenditures |
$4.3 |
$3.6 |
18.9% |
|
Free Cash Flow |
$18.1 |
$16.0 |
12.6% |
Find out why Fools always follow the money.
Related Companies:
-
Bassett Furniture
(NASDAQ:BSET) -
Stanley Furniture
(NASDAQ:STLY) -
Ethan Allen Interiors
(NYSE:ETH)
Related Foolishness:
Hooker and Stanley are both Hidden Gems recommendations. To find out more about how small-cap stocks can boost your returns, click here for your free 30-day trial.
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