Rowe Companies(OTC) ROWC

The Rowe Companies, Inc. is a holding entity specializing in the manufacturing and marketing of home furnishings across the United States. The company operates through two primary divisions: Wholesale Home Furnishings and Retail Home Furnishings, offering a diverse range of upholstered and leather furniture products.

Products and Services

• Wholesale division designs and produces upholstered items like sofas and chairs
• Retail division offers case goods, dining sets, rugs, and home accessories
• Products available through retail outlets, catalogs, and online platforms

Growth Outlook

• Recent revenue of $67.7 million indicates strong market demand
• Gross profit margin of 33.5% reflects effective cost management
• Operating income of $7.0 million shows potential for profitability

Financial Highlights

• Net income for the latest quarter was -$4.9 million, showing ongoing challenges
• Current ratio of 1.71 suggests good short-term financial health
• Debt ratio of 25.5% indicates manageable leverage levels

The Rowe Companies, Inc. has a long-standing history in the home furnishings industry, having been established in 1946. The company has faced challenges, including a Chapter 11 reorganization in 2006, but continues to operate with a focus on quality and customer satisfaction. The recent quarterly financials indicate a revenue of $67.7 million, with a gross profit margin of 33.5%, suggesting that the company is effectively managing its costs despite ongoing net losses. The current ratio of 1.71 indicates that the company is well-positioned to meet its short-term obligations, while a debt ratio of 25.5% reflects a conservative approach to leverage. Overall, The Rowe Companies, Inc. presents a unique opportunity in the home furnishings sector, with potential for growth and recovery.