Filing Flows › Bassett Furniture Industries (BSET) › Q2 FY25
Bassett Furniture Industries (BSET) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jul 10, 2025
Bassett Furniture Industries (BSET) reported revenue of $84.3M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and +3% from the quarter before. Operating margin was 3.0%, net earnings $1.9M (2.3% of revenue).
Bassett Furniture Industries, Q2 FY25: revenue $84.3M (+1% year over year), operating margin 3.0%, net earnings $1.9M, operating cash flow $7.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $84.3M | +3% | +1% |
| Gross profit | $46.9M | +0.2% | +7% |
| Operating profit | $2.5M | +2% | — |
| Net earnings | $1.9M | +3% | — |
| Operating cash flow | $7.0M | — | +20% |
| Free cash flow | $5.6M | — | +32% |
What changed
Revenue was $84.3M in Q2 FY25, up 1% year over year and up 3% from the previous quarter. Bassett Custom Upholstery was the largest line at 59% of revenue. Bassett Leather added $1.0M year over year (up 22%), 110% of the total change. Accessories, Mattresses and Other declined 11%.
Gross margin was 55.6%, up 3.1 points from a year earlier. Operating profit was $2.5M, a 3.0% margin (up 13.1 points year over year). Operating expenses fell 15% while revenue rose 1%. Net earnings were $1.9M. The effective tax rate was 26.1%.
Operating cash flow was $7.0M (up 20% year over year), 363% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items added $2.8M. Capital expenditures of $1.4M left free cash flow of $5.6M.
Questions
What was Bassett Furniture Industries' revenue in the second quarter fiscal 2025?
Bassett Furniture Industries (BSET) reported revenue of $84.3M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and +3% from the quarter before.
Was Bassett Furniture Industries profitable in the second quarter fiscal 2025?
Operating profit was $2.5M (3.0% of revenue) and net earnings $1.9M.