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Virco Manufacturing Corporation (VIRC) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2025-09-05 22:46
Virco Manufacturing Corporation (VIRC) came out with quarterly earnings of $0.7 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.01, delivering a surprise of +92.31%.Over the last four quarters, ...
Virco Reports Solid Operating and Net Income for Second Quarter and First Six Months, Despite Significant Reduction in Revenue
Globenewswire· 2025-09-05 20:30
Operating income of $15.3 million through six months is third highest in past decade, following two record yearsGeneral downturn in school furniture market results in 15.1% decline in Second Quarter shipments; 18.9% decline through six monthsRevenue quality remains high, with YTD Gross Margin of 45.2%Board Declares Quarterly Dividend of $0.025 per Share, payable October 10, 2025 to Shareholders of Record as of September 19, 2025Management cautions for remainder of year due to ongoing uncertainties over econ ...
American Trust Investment Services Serves as Exclusive Placement Agent in $9 Million Follow-On Offering for Nova LifeStyle, Inc.
Prnewswire· 2025-09-05 20:21
Transaction Underscores ATIS's Execution Expertise in Tech-Driven Consumer SectorsNEW YORK, Sept. 5, 2025 /PRNewswire/ -- American Trust Investment Services, Inc. (ATIS) is pleased to announce that it served as the exclusive placement agent for Nova LifeStyle, Inc. (NASDAQ: NVFY) in connection with its follow-on public offering. The offering consisted of 9,836,054 shares of common stock and 19,672,108 warrants, priced at $0.915 per share and accompanying warrants, resulting in gross proceeds of $9 million b ...
Nova Lifestyle, Inc. Announces Closing of $9.0 Million Best-Efforts Public Offering
Globenewswire· 2025-09-05 01:41
LOS ANGELES, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (Nasdaq: NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the closing of its best-efforts public offering of 9,836,054 shares of common stock (the “Common Stock”) and 19,672,108 warrants (the “Warrants”) to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share of Common St ...
Nova LifeStyle, Inc. Announces Pricing of $8.71 Million Best-Efforts Public Offering
Globenewswire· 2025-09-03 21:00
LOS ANGELES, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the pricing of its best-efforts public offering of up to 9,522,393 shares of common stock (the “Common Stock”) and up to 19,044,786 warrants (the “Warrants”) to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share ...
Leggett Nets $250M From Aerospace Sale, Aims to Deleverage
ZACKS· 2025-09-02 01:01
业务重组与资产剥离 - 公司成功将其航空航天产品集团出售给Tinicum Incorporated 税后收益约为2.5亿美元 [1] - 剥离的航空航天业务2024年净贸易销售额为1.9亿美元 虽盈利但属于非核心资产 [3] - 此次出售是持续业务重组的一部分 3月曾将部分全球系统集团业务出售给ABM国际 [5] 战略调整与资源分配 - 通过剥离非核心资产简化运营 减少对波动性终端市场的敞口 [2] - 使公司能够将资源重新分配到床上用品、家具、地板与纺织品及专业产品领域的高增长机会 [4] - 公司正在整合床上用品和家具业务 计划将工厂数量从50家减少到30-35家 裁员多达1100人 [5] 财务影响与业绩指引 - 出售收益将用于偿还债务 加强资产负债表和杠杆比率 [6] - 更新2025年全年指引 销售额从40-43亿美元下调至39-42亿美元 [7] - 调整后每股收益指引从1.00-1.20美元降至0.95-1.15美元 调整后EBIT利润率预计从6.5%-6.9%降至6.3%-6.7% [7] 近期财务表现 - 2025年第二季度收入10.6亿美元 同比下降6.3% 床上用品和汽车业务疲软抵消了贸易线材、杆材、纺织品和航空航天业务的增长 [11] - 调整后EBIT同比增加400万美元至7600万美元 调整后每股收益增长3%至0.30美元 [11] - 过去三个月股价上涨10.2% 低于Zacks家具行业13.2%的涨幅 [8] 管理层优先事项 - 重申降低杠杆的承诺 航空航天业务剥离的税后利润预计将显著减少商业票据余额 [12] - 长期股东回报、投资组合优化和运营执行仍是管理层的首要任务 [12] - 公司计划在2025年底前完成重组计划 提高财务灵活性和利润率 [6] 行业比较 - 公司目前Zacks排名为第5(强力卖出) [13] - 消费 discretionary行业中排名较好的股票包括Hasbro(Zacks排名第1) Interface(Zacks排名第1)和Boyd Gaming(Zacks排名第1) [13][14][15] - Hasbro的2025年销售额和每股收益共识预期分别同比增长6.6%和21.4% [14]
顾家家居: 关于投资建设印尼自建基地项目的公告
证券之星· 2025-09-01 17:20
投资概况 - 顾家家居拟投资112,372.85万元人民币建设印尼自建基地项目 包括生产车间、研发检测车间、仓库及配套设施 [1][2] - 项目由印尼注册的全资或控股子公司作为实施主体 董事会已审议通过 无需股东大会批准 [1][2] - 不构成关联交易或重大资产重组 [2] 资金与建设规划 - 总投资112,372.85万元人民币 实际支付以印尼盾结算 存在汇率偏差风险 [2] - 建设周期4年 部分产线建设期内陆续投产 全部建成后3年内达纲 [2][5] - 达纲时预计年营业收入25.20亿元 投资回收期含建设期共8.6年 [2][4] 市场背景与战略意义 - 2023年全球软体家具消费市场达732亿美元 亚太和北美合计占比近70% [3] - 前五大消费国为美国28%、中国26%、德国5%、英国5%、印度5% [3] - 印尼地处东南亚核心 是重要交通枢纽 产品辐射范围广 契合"一带一路"战略 [3] - 公司2018年起布局海外基地 越南、墨西哥、美国基地已常态化运营 [3] - 项目可扩大生产规模、缩短供货周期、提升全球竞争力和市场占有率 [5] 项目预期效益 - 项目用地约19.56万方 达纲年销售收入25.20亿元 [2][5] - 项目与现有主业紧密相关 在技术、生产和市场营销方面具备可行性 [4] - 经济效益和社会效益明显 有助于增加营业收入来源和提升国际知名度 [3][4]
CORRECTION - Hooker Furnishings to Host Second Quarter Earnings Call September 11th
Globenewswire· 2025-09-01 04:30
MARTINSVILLE, Va., Aug. 31, 2025 (GLOBE NEWSWIRE) -- CORRECTED VERSION: On August 29, 2025, the Company issued a press release with an incorrect registration link and this updated release provides the correct link. Corrected release follows in full: Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2026 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 11, 2025 at 9:00 AM Eastern Time. A live webcast of the call will be avail ...
Hooker Furnishings to Host Second Quarter Earnings Call September 11th
GlobeNewswire News Room· 2025-08-30 04:00
MARTINSVILLE, Va., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2026 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 11, 2025 at 9:00 AM Eastern Time. A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://investors.hookerfurnishings.com/events and archived for replay. To access the call by phone, participants should go to this l ...
The Lovesac Company Appoints Alan Boehme to Its Board of Directors
Globenewswire· 2025-08-27 19:00
公司治理动态 - Alan Boehme被任命为董事会成员 自2025年8月27日起生效 [1] - 新任董事拥有超过30年消费零售和制造业技术管理经验 曾担任H&M集团 宝洁 可口可乐等全球知名品牌的CIO CTO和创新主管 [2] - 现任Technology Transformation Group Inc创始人兼总裁 为上市公司 私募股权公司和高增长初创企业提供企业技术战略 运营效率和创新商业化咨询 [3] 新任董事专业背景 - 在数字化转型 运营优化和技术驱动增长方面拥有卓越业绩记录 [2] - 专长领域涵盖零售技术 全渠道扩张 人工智能 网络安全和数字转型 [2][3] - 作为云安全联盟创始董事会成员和多家人气科技公司战略顾问 具备深厚行业资源 [3] 公司业务概况 - 总部位于康涅狄格州斯坦福德 是一家以技术驱动的家居设计制造企业 [4] - 核心产品包括模块化沙发Sactionals 可躺式座椅 高级豆袋椅Sac 沉浸式家庭影院系统StealthTech和创新沙发解决方案EverCouch [4] - 采用直接面向消费者的全渠道销售模式 主要通过官方网站销售 辅以品牌展厅 店中店和第三方零售商快闪店 [4] 产品与技术优势 - 采用专有"Designed for Life"设计理念 产品具有终身使用寿命和适应性进化特点 [4] - 曾获得Repreve第八届年度可持续发展冠军奖和爱迪生奖第38届可持续消费产品最佳新产品奖 [4] - 产品受实用专利和设计专利组合保护 拥有在美国专利商标局注册的多个商标 [4]