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 |
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 |