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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $821.6M | $819.9M | $817.7M | $802.3M | $748.3M | $1.01B | $1.05B | $862.1M | $722.9M | $759.0M |
| Gross profit | $443.3M | $444.9M | $446.5M | $434.5M | $419.0M | $574.6M | $604.2M | $523.1M | $439.1M | $460.5M |
| Net income | $28.4M | $21.1M | $30.3M | $21.9M | $59.1M | $90.8M | $89.4M | $56.3M | $20.0M | $19.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5712
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|---|---|---|---|---|
| RH | RH | $2.60B | 21.8x | 8.1% |
| ARHS | Arhaus, Inc. | $1.66B | 24.4x | 8.5% |
| LOVE | Lovesac Co | $226.7M | 55.3x | 2.4% |
| HTLM | HomesToLife Ltd | — | — | 12.8% |