Bassett Furniture posts Q4 EPS of $0.38, revenue down 11% to $84.3M

BASSETT FURNITURE INDUSTRIES INC

2024-FY EPS reported -$1.11 revenue$329,923,000

Diluted EPS of $0.38 vs a loss of $0.47; operating income of $0.9M from a loss of $4.5M.
Revenue fell 11% to $84.3M; gross margin improved to 56.6% on stronger wholesale margins.
Includes $1.0M translation loss charge from winding down Noa Home and $0.4M restructuring cost.
Generated $6.4M operating cash flow; recorded $2.6M tax benefit on Noa Home capital loss.

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