Filing Flows › Haverty Furniture Companies (HVT) › Q1 2025
Haverty Furniture Companies (HVT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Haverty Furniture Companies (HVT) reported revenue of $182M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -2% from the quarter before. Operating margin was 2.9%, net earnings $3.8M (2.1% of revenue).
Haverty Furniture Companies, Q1 2025: revenue $182M (-1% year over year), operating margin 2.9%, net earnings $3.8M, operating cash flow $6.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | -2% | -1% |
| Gross profit | $111M | -3% | +0.1% |
| Operating profit | $5.3M | -45% | +66% |
| Net earnings | $3.8M | -54% | +58% |
| Operating cash flow | $6.2M | -64% | +96% |
| Free cash flow | $27K | -100% | — |
What changed
Revenue was $181.6M in Q1 2025, down 1% year over year and down 2% from the previous quarter. Upholstery was the largest line at 45% of revenue. Upholstery lost $1.5M year over year (down 2%), 63% of the total change.
Gross margin was 61.2%, up 0.8 points from a year earlier. Operating profit was $5.3M, a 2.9% margin (up 1.2 points year over year). Operating expenses fell 2% while revenue fell 1%. Net earnings were $3.8M, up 58% year over year. The effective tax rate was 28.6%.
Operating cash flow was $6.2M (up 96% year over year), 163% of net earnings. Non-cash charges added back $5.9M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $5.6M. Capital expenditures of $6.1M left free cash flow of $27K.
Questions
What was Haverty Furniture Companies' revenue in the first quarter 2025?
Haverty Furniture Companies (HVT) reported revenue of $182M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -2% from the quarter before.
Was Haverty Furniture Companies profitable in the first quarter 2025?
Operating profit was $5.3M (2.9% of revenue) and net earnings $3.8M.