HAVERTY FURNITURE COMPANIES INC HVT
Unless otherwise indicated by the context, we use the terms "Havertys," "we," "our," or "us" when referring to the consolidated operations of Haverty Furniture Companies, Inc. and subsidiary.
Havertys is a specialty retailer of residential furniture and accessories. Our founder, J.J. Haverty began the business in 1885 in Atlanta, Georgia with one store and made deliveries using horse-drawn wagons. The Company grew to 18 stores and was incorporated in September 1929. Anticipating further growth, the Company accessed additional capital through its initial public offering in October 1929. The Company's common stock ("HVT") and Class A common stock ("HVT-A") are traded on the New York Stock Exchange (the "NYSE").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $759.0M | $722.9M | $862.1M | $1.05B | $1.01B | $748.3M | $802.3M | $817.7M | $819.9M | $821.6M |
| Cost of revenue | $298.5M | $283.8M | $339.0M | $443.0M | $438.2M | $329.3M | $367.8M | $371.2M | $374.9M | $378.2M |
| Gross profit | $460.5M | $439.1M | $523.1M | $604.2M | $574.6M | $419.0M | $434.5M | $446.5M | $444.9M | $443.3M |
| SG&A | $439.3M | $419.2M | $455.8M | $486.3M | $456.3M | $377.3M | $407.5M | $404.9M | $402.9M | $399.2M |
| Total operating expenses | $438.8M | $419.0M | $455.9M | $486.3M | $456.3M | $342.4M | $407.1M | $404.7M | $399.8M | $395.5M |
| Interest expense | — | — | $5.5M | $1.6M | $231.0K | $126.0K | $1.3M | $1.4M | $2.1M | $2.2M |
| Pre-tax income | $26.8M | $26.2M | $72.7M | $119.5M | $118.5M | $76.7M | $28.7M | $40.4M | $43.2M | $45.8M |
| Income tax | $7.1M | $6.2M | $16.4M | $30.1M | $27.7M | $17.6M | $6.9M | $10.1M | $22.1M | $17.5M |
| Net income | $19.7M | $20.0M | $56.3M | $89.4M | $90.8M | $59.1M | $21.9M | $30.3M | $21.1M | $28.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $125.3M | $120.0M | $127.8M | $129.9M | $172.9M | $206.8M | $82.4M | $79.8M | $87.6M | $71.5M |
| Receivables | — | — | — | — | — | — | $1.5M | $1.8M | $2.4M | $4.2M |
| Inventory | $96.2M | $83.4M | $94.0M | $118.3M | $112.0M | $89.9M | $104.8M | $105.8M | $103.4M | $102.0M |
| Total current assets | $249.3M | $238.9M | $251.6M | $276.3M | $309.1M | $316.2M | $204.5M | $201.8M | $210.7M | $194.1M |
| Property, plant and equipment | $177.2M | $182.6M | $171.6M | $137.5M | $126.1M | $108.4M | $156.5M | $216.9M | $229.2M | $233.7M |
| Total assets | $649.1M | $648.7M | $654.1M | $649.0M | $686.3M | $680.4M | $560.1M | $440.2M | $461.3M | $454.5M |
| Accounts payable | $15.4M | $14.9M | $18.8M | $23.3M | $31.2M | $31.4M | $27.8M | $19.8M | $20.5M | $25.7M |
| Total current liabilities | $133.4M | $131.6M | $138.3M | $154.4M | $210.4M | $204.0M | $127.0M | $88.2M | $89.7M | $96.0M |
| Total liabilities | $341.1M | $341.2M | $345.8M | $359.6M | $430.3M | $427.4M | $299.6M | $165.6M | $167.2M | $172.6M |
| Retained earnings | $417.9M | $419.0M | $419.5M | $398.4M | $343.0M | $304.6M | $296.0M | $282.4M | $287.4M | $277.7M |
| Total equity | $307.9M | $307.6M | $308.4M | $289.4M | $256.0M | $253.0M | $260.5M | $274.6M | $294.1M | $281.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $52.6M | $58.9M | $97.2M | $51.0M | $97.2M | $130.2M | $63.4M | $70.4M | $52.5M | $60.1M |
| Depreciation and amortisation | $23.8M | $21.6M | $18.6M | $16.9M | $16.3M | $18.2M | $20.6M | $29.8M | $30.5M | $29.0M |
| Stock-based compensation | $7.3M | $6.7M | $8.0M | $7.2M | $8.2M | $4.4M | $3.4M | $4.4M | $3.8M | $3.9M |
| Capital expenditure | $19.7M | $32.1M | $53.1M | $28.4M | $34.1M | $10.9M | $16.8M | $21.5M | $24.5M | $29.8M |
| Investing cash flow | -$19.6M | -$31.6M | -$53.1M | -$28.3M | -$34.0M | $65.4M | -$14.6M | -$19.0M | -$21.5M | -$13.2M |
| Financing cash flow | -$27.5M | -$28.7M | -$46.3M | -$65.6M | -$97.1M | -$71.2M | -$46.3M | -$59.2M | -$14.8M | -$54.0M |
| Dividends paid | $20.8M | $20.5M | $35.2M | $33.9M | $52.4M | $50.5M | $15.1M | $35.5M | $11.4M | $30.4M |
| Buybacks | $4.8M | $5.0M | $6.9M | $30.0M | $41.8M | $19.7M | $29.8M | $18.7M | $0 | $21.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012199.
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