On Nov. 2, Haverty Furniture
- Better in-stock levels and using less time to complete home deliveries helped to push sales up by 8.4% to $224 million.
- Gross margin was up by 135 basis points due to an improved mix of merchandise.
- Reduced capital spending and an increase in cash flow from operations helped free cash flow turn positive for the year to date.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales* |
$222 |
$224 |
$202 |
10.7% |
|
Net Profit |
-- |
$4 |
$4 |
8.4% |
|
EPS |
$0.17 |
$0.18 |
$0.17 |
5.9% |
|
Diluted Shares |
-- |
23 |
23 |
0.7% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
48.91% |
47.56% |
1.35 |
|
Operating Margin |
2.65% |
3.10% |
(0.45) |
|
Net Margin |
1.86% |
1.89% |
(0.03) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$9 |
$8 |
5.4% |
|
Accounts Rec. |
$62 |
$85 |
(26.4%) |
|
Inventory |
$118 |
$109 |
8.4% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$102 |
$113 |
(9.7%) |
|
Long-Term Debt |
$26 |
$35 |
(26.5%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$26 |
$21 |
26.4% |
|
Capital Expenditures |
$18 |
$27 |
(34.2%) |
|
Free Cash Flow |
$8 |
($6) |
N/A |
Find out why Fools always follow the money.
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