Haverty Furniture Companies, Inc. (N:HVT)

Sector:  Consumer Cyclicals Industry:  Home Furnishings Retailers
 
See Regulatory Filings on SEC
Company Contact
Address: SUITE 800, 780 JOHNSON FERRY ROAD
ATLANTA GA 30342
Tel: N/A
Website: https://www.havertys.com
IR: See website
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Key People
Clarence H. Smith
Chairman of the Board, Chief Executive Officer
Steven G. Burdette
President
Richard B. Hare
Chief Financial Officer, Executive Vice President
Kelley A. Fladger
Chief Human Resource Officer, Senior Vice President
J. Edward Clary
Executive Vice President, Chief Information Officer
John L. Gill
Executive Vice President - Merchandising
Jenny Hill Parker
Senior Vice President - Finance, Corporate Secretary
Janet E. Taylor
Senior Vice President, General Counsel
Helen Berry Bautista
Senior Vice President - Marketing
Business Overview
Haverty Furniture Companies, Inc. is a specialty retailer of residential furniture and accessories. The Company's product categories include furniture, decor and accessories, and mattresses and bedding. Its furniture category includes living room, bedroom, dining room, office and outdoor. Its living room product line includes sofas and sleepers, and chairs and recliners, among others. Its bedroom product line includes beds, dressers, chests, and others. Its dining room product line includes dining chairs, dining tables, barstools, and others. Its office product line includes office chairs, file cabinets, and desks and hutches, among others. Its outdoor product line includes outdoor dining, outdoor seating, outdoor tables, and others. Its decor and accessories category includes rugs, lighting, wall decor and mirrors, pillows, and throws and accent decor. Its mattress product lines include Tempur-Pedic, Serta, Stearns, and Foster, Beautyrest, and Sealy.
Financial Overview
For the fiscal year ended 31 December 2023, Haverty Furniture Companies, Inc. revenues decreased 18% to $862.1M. Net income decreased 37% to $56.3M. Revenues reflect Upholstery segment decrease of 17% to $370.9M, Bedroom Furniture segment decrease of 22% to $132.1M. Net income also reflects Rental Expense increase of 19% to $55.3M (expense), Stock-based Compensation in SGA increase of 11% to $8M (expense).
Employees: 2,574 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $389.35M as of Dec 31, 2023
Annual revenue (TTM): $862.13M as of Dec 31, 2023
EBITDA (TTM): $85.81M as of Dec 31, 2023
Net annual income (TTM): $56.32M as of Dec 31, 2023
Free cash flow (TTM): $8.85M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 16,236,237 as of Mar 8, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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