On Feb. 20, Haverty Furniture
- Revenues dropped 4.2% on the back of a 6.7% decrease in same-store sales.
- The 53% drop in EPS to $0.14 was due to lower sales, an increase in selling, general, and administrative costs, and a $1.2 million one-time gain in Q4 2005.
- For the full year, EPS rose 6.1% to $0.70, while free cash flow crept into positive territory at $4.4 million.
- Two-thirds of the Motley Fool CAPS players weighing in on Haverty pick it to underperform.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$216.0 |
$225.6 |
(4.2%) |
Net Profit |
$3.2 |
$6.8* |
(53.1%) |
EPS |
$0.14 |
$0.30* |
(53.3%) |
Diluted Shares |
22.9 |
22.5 |
2.0% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
50.2% |
48.4% |
1.8 |
Operating Margin |
2.4% |
4.6% |
(2.1) |
Net Margin |
1.5% |
3.0% |
(1.5) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$12.1 |
$11.1 |
9.2% |
Accounts Rec. |
$64.0 |
$80.7 |
(20.7%) |
Inventory |
$124.8 |
$107.6 |
15.9% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable* |
$82.0 |
$85.8 |
(4.5%) |
Long-Term Debt |
$27.5 |
$31.0 |
(11.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
2006 |
2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$28.0 |
$31.7 |
(11.7%) |
Capital Expenditures |
$23.6 |
$35.0 |
(32.5%) |
Free Cash Flow |
$4.4 |
($3.3) |
N/A |
Find out why Fools always follow the money.
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Bassett Furniture
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.