Hooker Furnishings Q3 net income up 45% to $0.65 EPS; dividend raised 4.5%

HOOKER FURNISHINGS Corp

2024-Q3 EPS reported $0.85 revenue$336,452,000

Consolidated net income rose 45.4% to $7M ($0.65 diluted EPS) from $4.8M ($0.42) a year ago.
Net sales declined 22.9% due to soft demand and exit from Accentrics Home line.
Home Meridian segment posted first quarterly operating income since 2021: $0.9M vs loss of $3.2M.
Board declared $0.23 quarterly dividend, a $0.01 increase (4.5%), eighth consecutive annual increase.
Consolidated orders up $12.7M (15.7%) in Q3; nine-month orders up $75.8M (33.5%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HOOKER FURNISHINGS Corp reported fiscal 2024 nine-month period ended October 29, 2023 results: net income $9.3 million, EPS $0.85 per diluted share.

Period: fiscal 2024 nine-month period ended October 29, 2023
Net income: $9.3 million
EPS: $0.85 per diluted share
Result: reported results

Exact text from the filing

Consolidated net income was $9.3 million or $0.85 per diluted share, as compared to $13.6 million or $1.14 per diluted share in the prior-year nine-month period.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HOOKER FURNISHINGS Corp reported fiscal 2024 third quarter results: net income $7 million, EPS $0.65 per diluted share.

Period: fiscal 2024 third quarter
Net income: $7 million
EPS: $0.65 per diluted share
Result: reported results

Exact text from the filing

Consolidated net income for the quarter increased 45.4% to $7 million or $0.65 per diluted share, compared to $4.8 million or $0.42 per diluted share a year ago.

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Source: SEC EDGAR

accession 0001171843-23-007479

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