By Furniture Today Staff -- Furniture Today, May 7, 2006
Earnings per share are fully diluted, and all figures in parentheses are losses or declines.
Aaron Rents
Earnings per share are fully diluted.
Quarter ended 3/31
2006
2005
Change
(a) Includes non-rental revenues of $93 million in the 2006 quarter and $70.2 million in the 2005 quarter. (b) Revenues minus cost of sales, operating expenses and depreciation of rental merchandise.
Revenues (a)
$347,287,000
$279,348,000
24.3%
Operating income (b)
37,853,000
31,218,000
21.3%
Net income
21,561,000
18,422,000
17.0%
Earnings per share
0.42
0.36
16.7%
Chromcraft Revington
Owns Chromcraft, Peters-Revington, Cochrane, Silver and Sumter Cabinet
Quarter ended 4/1
2006
2005
Change
Sales
$45,921,000
$44,659,000
2.8%
Operating income
1,886,000
3,730,000
(49.4%)
Net income
1,129,000
2,256,000
(50.0%)
Earnings per share
0.25
0.53
(52.8%)
Ethan Allen
Quarter ended 3/31
2006
2005
Change
(a) Includes a $4.2 million pretax restructuring and impairment charge. (b) Includes a $219,000 pretax restructuring and impairment credit. (c) Based on average shares outstanding of 34 million in the 2006 quarter, 36.1 million in the 2005 quarter, 34.2 million in the 2006 nine months and 36.6 million in the 2005 nine months.
Sales
$267,071,000
$231,154,000
15.5%
Operating income
33,339,000
29,298,000
13.8%
Net income
19,994,000
17,935,000
11.5%
Earnings per share (a)
0.59
0.50
18.0%
9 months ended 3/31
2006
2005
Change
Sales
$794,388,000
$706,752,000
12.4%
Operating income
110,062,000
96,610,000
13.9%
Net income
(a)63,288,000
(b)59,827,000
5.8%
Earnings per share (c)
1.85
1.63
13.5%
Furniture Brands International
Owns Broyhill, Drexel Heritage, Henredon, Lane, Maitland-Smith and Thomasville
Quarter ended 3/31
2006
2005
Change
(a) Includes a net gain of $5.4 million or 11 cents per share in recognition of an accounting gain on net interest rate swaps as a result of refinancing a revolving credit facility. Also includes a net charge of $500,000 or 1 cent per share for restructuring, asset impairment and severance. (b) Includes a net charge of $2.5 million or 5 cents per share for restructuring, asset impairment and severance. (c) Based on average shares of 49.6 million in the 2006 quarter and 53.5 million in the 2005 quarter.
Sales
$661,445,000
$641,565,000
3.1%
Operating income
37,375,000
38,521,000
(3.0%)
Net income
(a)30,222,000
(b)24,784,000
21.9%
Earnings per share (c)
0.61
0.46
32.6%
Haverty Furniture
Quarter ended 3/31
2006
2005
Change
(a) Based on average shares of 22.6 million in the 2006 quarter and 23 million in the 2005 quarter.
Sales
$209,088,000
$207,634,000
0.7%
Operating income
6,224,000
4,721,000
31.8%
Net income
5,103,000
3,174,000
60.8%
Earnings per share (a)
0.23
0.14
64.3%
Quaker Fabric
Quarter ended 4/1
2006
2005
Change
(a) Includes a $296,000 pretax restructuring charge and a $2.2 million income tax benefit. (b) Includes a $2.2 million income tax benefit.
Sales
$46,280,000
$59,215,000
(21.8%)
Operating income
4,891,000)
(4,468,000)
—
Net income
(a)(4,135,000)
(b)(3,090,000)
—
Earnings per share
(0.25)
(0.18)
—
Rent-A-Center
Quarter ended 3/31
2006
2005
Change
(a) Includes non-rental revenues of $86.6 million in the 2006 quarter and $83.2 million in the 2005 quarter. (b) Revenues minus cost of rental and fees, cost of merchandise sold, cost of installment sales, salaries and other expenses and cost of franchise merchandise sales. (c) Includes an $8 million pretax gain on a litigation reversion. (d) Based on average shares outstanding of 70.2 million in the 2006 quarter and 76.1 million in the 2005 quarter.
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NAPLES, Fla. — Industry executives and guests took the opportunity to network and play golf during down time at Furniture/Today's 13th annual Leadership Conference here this month.
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