Last $2.60 USD
Change Today +0.14 / 5.69%
Volume 222.8K
STLY On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

stanley furniture co inc (STLY) Snapshot

Open
$2.50
Previous Close
$2.46
Day High
$2.69
Day Low
$2.50
52 Week High
10/30/13 - $4.03
52 Week Low
07/15/14 - $2.27
Market Cap
38.7M
Average Volume 10 Days
81.4K
EPS TTM
$-1.30
Shares Outstanding
14.9M
EX-Date
01/28/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STANLEY FURNITURE CO INC (STLY)

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stanley furniture co inc (STLY) Details

Stanley Furniture Company, Inc. designs, manufactures, and imports wood furniture for the residential market in the United States. It offers upscale home furnishings for the adult market, including dining, bedroom, home office, home entertainment, and accent items under the Stanley Furniture brand name; and children’s furniture under the Young America brand name. The company sells its furniture primarily through independent sales representatives to independent furniture stores, interior designers, smaller specialty retailers, regional furniture chains, buying clubs, and e-tailers. Stanley Furniture Company, Inc. was founded in 1924 and is based in High Point, North Carolina.

544 Employees
Last Reported Date: 02/11/14
Founded in 1924

stanley furniture co inc (STLY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $320.0K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2013.

stanley furniture co inc (STLY) Key Developments

Stanley Furniture Company, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014

Stanley Furniture Company Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net sales of $24,038,000 against $24,166,000 a year ago. Total company sales growth was impacted by a 17.6% decline on the Young America product line as custom orders were not accepted after April 29, 2014. Operating loss was $18,321,000 against $2,928,000 a year ago. Loss before income taxes was $19,071,000 against $3,538,000 a year ago. Net loss was $19,060,000 or $1.35 per diluted share against $3,529,000 or $0.25 per diluted share a year ago. Net sales as adjusted were $24,533,000 against $24,166,000 a year ago. Operating loss as adjusted was $2,078,000 against $2,666,000 a year ago. Net loss as adjusted was $2,817,000 or $0.20 per diluted share against $3,267,000 or $0.23 per diluted share a year ago. For the six months, the company reported net sales of $45,929,000 against $50,218,000 a year ago. Total company sales growth was impacted by a 17.6% decline on the Young America product line as custom orders were not accepted after April 29, 2014. Operating loss was $22,346,000 against $4,400,000 a year ago. Loss before income taxes was $23,491,000 against $5,639,000 a year ago. Net loss was $23,470,000 or $1.66 per diluted share against $5,623,000 or $0.40 per diluted share a year ago. Net sales as adjusted were $46,424,000 against $50,218,000 a year ago. Operating loss as adjusted was $4,925,000 against $3,878,000 a year ago. Net loss as adjusted was $6,049,000 or $0.43 per diluted share against $6,049,000 or $0.36 per diluted share a year ago. Net cash used by operating activities was $8,411,000 against $10,784,000 a year ago. Capital expenditures were $51,000 against $2,715,000 a year ago. Purchase of other assets was $44,000 against $1,670,000 a year ago.

Stanley Furniture Co. Inc., Q2 2014 Earnings Call, Jul 15, 2014

Stanley Furniture Co. Inc., Q2 2014 Earnings Call, Jul 15, 2014

Stanley Furniture Co. Inc. Announces Change of Auditors

On April 29, 2014, the Audit Committee of the Board of Directors of Stanley Furniture Company Inc. approved the engagement of BDO USA, LLP as the company's principal independent registered public accountant to audit the company's financial statements for the fiscal year ended December 31, 2014. As a result, on April 29, 2014, the company dismissed PricewaterhouseCoopers LLP, as the company's principal independent registered public accountants effective upon completion of PricewaterhouseCoopers LLP review of the Company's first quarter financial statements.

 

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TEV/Sales 0.3x
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