<span item_type="fundamental" item_id="1d894a80319d5599d76c1586e971be93" counter_id="ST/US/HVT.A" env="prod"></span><span item_type="announcement" item_id="619628386685880577" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 201.92 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD 0.51.</p><p>EBIT: As of FY2025 Q4, the actual value is USD 9.556 M.</p><p></p><h4>Net Income</h4><p>Net income for the fourth quarter of 2025 was $8.5 million, compared to $8.2 million in the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> For the full year 2025, net income was $19.7 million, a decrease from $20.0 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Net income as a percentage of sales was 4.2% for Q4 2025 and 2.6% for FY 2025, compared to 4.4% for Q4 2024 and 2.8% for FY 2024, respectively.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p><h4>Gross Profit and Margin</h4><p>Gross profit margin for the fourth quarter of 2025 was 60.4%, down from 61.9% in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> For the full year, the gross profit margin remained flat at 60.7% in both 2025 and 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Excluding the impact of LIFO, the gross profit margin was 62.4% for Q4 2025 and 61.3% for FY 2025, compared to 61.4% for Q4 2024 and 60.6% for FY 2024, respectively.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> The change in LIFO reserve had a negative impact of - $3.9 million in Q4 2025 and $4.649 million for FY 2025, compared to a positive impact of $0.9 million in Q4 2024 and - $0.807 million for FY 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p><h4>Pre-tax Income</h4><p>Pre-tax income for the fourth quarter of 2025 increased to $10.8 million from $9.6 million in Q4 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> For the full year 2025, pre-tax income was $26.8 million, a slight increase from $26.2 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Pre-tax income as a percentage of sales was 5.3% for Q4 2025 and 3.5% for FY 2025, compared to 5.2% for Q4 2024 and 3.6% for FY 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p><h4>Selling, General, and Administrative (SG&amp;A) Expenses</h4><p>Total SG&amp;A expenses for Q4 2025 were $112.5 million (55.7% of sales), an increase of $6.6 million from Q4 2024 ($105.8 million, 57.4% of sales).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> This increase was primarily due to a $2.9 million rise in selling expenses and a $3.1 million increase in administrative expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> For the full year, total SG&amp;A expenses were $439.3 million (57.9% of sales) in 2025, up from $419.2 million (58.0% of sales) in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Variable SG&amp;A expenses were 18.9% of sales for Q4 2025 and 18.7% for FY 2025, while fixed SG&amp;A expenses were 36.8% of sales for Q4 2025 and 39.2% for FY 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p><h4>Cash and Liquidity</h4><p>Cash, cash equivalents, and restricted cash equivalents totaled $131.9 million at December 31, 2025, up from $126.314 million at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Haverty Furniture Companies, Inc. reported no debt outstanding at December 31, 2025, and had a credit availability of $80.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p><h4>Cash Flow</h4><p>Net cash provided by operating activities for the twelve months ended December 31, 2025, was $52.6 million, down from $58.9 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> This was primarily influenced by a - $12.7 million increase in inventories, a - $5.2 million decrease in customer deposits, and a $12.3 million decrease in other assets and liabilities, alongside an $8.1 million increase in accrued liabilities and vendor repayments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Capital expenditures were - $19.7 million in 2025, lower than - $32.1 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Free cash flow for 2025 was $32.9 million, an increase from $26.8 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p><h4>Shareholder Returns</h4><p>Haverty Furniture Companies, Inc. returned $25.6 million to shareholders in 2025, consisting of $4.8 million in share repurchases and $20.8 million in quarterly dividends.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> For comparison, $25.5 million was returned in 2024, with $5.0 million in share repurchases and $20.5 million in dividends.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> The Board of Directors approved an additional $15 million authorization for the stock repurchase program, with approximately $18.3 million remaining under existing authorization as of February 24, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p><h4>Other Operational Metrics</h4><p>EBITDA for the twelve months ended December 31, 2025, was $45.5 million, an increase from $41.7 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Sales per square foot increased to $167 in 2025 from $164 in 2024, and the average ticket rose to $3,530 in 2025 from $3,371 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Design consultants accounted for 33.3% of written business in 2025, up from 31.8% in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p><h4>Outlook / Guidance</h4><p>For 2026, Haverty Furniture Companies, Inc. expects gross profit margins to be between 60.5% and 61.0%, with fixed and discretionary SG&amp;A expenses projected in the range of $307.0 million to $309.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> Variable SG&amp;A expenses are anticipated to be between 18.6% and 18.8%, and planned capital expenditures are approximately $33.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span> The company also plans to open five new store locations in 2026, including entering its 18th state in Pittsburgh, Pennsylvania.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/216085/000162828026010875/ex991-hvtq42025earningsrel.htm"></span></p>

Haverty Furniture | 8-K: FY2025 Q4 Revenue: USD 201.92 M