Financial Data and Key Metrics Changes - The company reported record fourth quarter and full year performance, achieving net sales of $1.05 billion in 2022, a 3.4% increase from 2021, with earnings per share of $5.24, up 6.9% year-over-year [3][9] - In Q4 2022, net sales were $280.6 million, a 5.5% increase over the prior quarter, with comparable store sales up 5.8% year-over-year [9] - Gross profit margins increased by 60 basis points to 57% from 56.4% due to better pricing discipline and merchandising [9] Business Line Data and Key Metrics Changes - Written business for the quarter was down 6.2% compared to Q4 2021 but was up compared to 2019, with store traffic also tracking lower [3][5] - The breakdown of annual sales showed case goods at 35.5%, upholstery at 42.5%, mattresses at 8.1%, and accessories at 13.8% [13] - Special order business improved, with 23.1% of total upholstery sales coming from special orders in Q4 [26] Market Data and Key Metrics Changes - Customer deposits decreased by 51% year-over-year and 40% from Q3 2022, indicating a significant drop in backlog [10] - The company’s inventory at the end of Q4 was $118.3 million, up $6.3 million from the previous year but down $90 million from Q3 2022 [10] Company Strategy and Development Direction - The growth strategy focuses on adding stores in high-growth real estate markets, with plans to open three more stores in 2023 [4][24] - Capital expenditures for 2023 are planned at $28 million, with significant investments in stores, distribution, and IT enhancements [11][30] - The company aims to maintain a goal of opening five stores per year for the next three years [24] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2023, citing challenges from inflation and slowing housing sales but also highlighting improvements in supply chain operations [5][27] - The company expects gross profit margins for 2023 to be between 58% and 58.5%, impacted by product and freight costs [30] Other Important Information - The company has no funded debt and ended Q4 with $123.1 million in cash and cash equivalents [10] - During 2022, the company returned approximately $64 million to shareholders through share repurchases and dividends [30] Q&A Session Summary Question: Can you provide a breakdown of delivered sales growth from upholstery versus case goods and mattresses? - The annual sales breakdown showed case goods at 35.5%, upholstery at 42.5%, mattresses at 8.1%, and accessories at 13.8% [13] Question: What are the trends in customer deposits and backlog? - Customer deposits dropped significantly, correlating with a 40% decrease in backlog in Q4 [18] Question: What are the expectations for share repurchases and capital deployment in 2023? - The company has not made any share repurchases in Q4 but evaluates opportunities quarterly with the board [41][57]

HAVERTYS This presentation may contain forward-looking statements. These statements are based upon current expectations and assumptions that are subject to risks and uncertainties. Havertys' actual results and financial condition may differ, possibly materially, from what is indicated in those forward-looking statements. 1 2 2 S T O R E S Store base is the right size in the right locations. $2799 $6,800 $$ Net sales YTD Q3 '22 increased $19.8 million or 2.7%. Strong earnings were driven by solid gross margi ...

(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number: 1-14445 HAVERTY FUR ...

Haverty Furniture Companies, Inc. (NYSE:HVT) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Richard Hare – Chief Financial Officer Clarence Smith – Chairman and Chief Executive Officer Steve Burdette – President Conference Call Participants Anthony Lebiedzinski – Sidoti Cristina Fernandez – Chelsea Advisory Group Operator Good day, ladies and gentlemen, and welcome to the Haverty's Q3 Earnings Call. All lines have been placed on a listen-only mode and the floor will be op ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number: 1-14445 HAVERTY FURNITURE COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Haverty Furniture Companies, Inc. (NYSE:HVT) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Richard Hare – Chief Financial Officer Clarence Smith – Chairman and Chief Executive Officer Steve Burdette – President Conference Call Participants Anthony Lebiedzinski – Sidoti Operator Good day, ladies and gentlemen, and welcome to the Havertys Reports Operating Results for Second Quarter 2022 Conference Call. All lines have been placed on a listen-only mode. [Operator Instruction ...

PART I. FINANCIAL INFORMATION This section presents the company's unaudited financial statements, management's discussion, and disclosures on market risk and controls [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Haverty Furniture Companies, Inc., including balance sheets, income statements, cash flows, and detailed notes [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2022, total assets increased slightly to **$693.9 million** from **$686.3 million** at year-end 2021, driven by a rise in inventories, while total liabilities also saw a minor increase to **$433.5 million**, and stockholders' equity grew to **$260.4 million** Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$693,885** | **$686,290** | | Cash and cash equivalents | $162,340 | $166,146 | | Inventories | $119,857 | $112,031 | | **Total Liabilities** | **$433,485** | **$430,320** | | Customer deposits | $98,528 | $98,897 | | **Total Stockholders' Equity** | **$260,400** | **$255,970** | [Condensed Consolidated Statements of Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) For the three months ended March 31, 2022, net sales saw a slight increase of **1.0%** year-over-year to **$238.9 million**, gross profit grew by **4.4%** to **$141.0 million**, while net income remained nearly flat at **$19.4 million**, and diluted EPS for Common Stock increased to **$1.11** from **$1.04** in the prior-year period Q1 Financial Performance (in thousands, except per share data) | Metric | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Net Sales | $238,946 | $236,491 | | Gross Profit | $140,961 | $135,034 | | Net Income | $19,361 | $19,406 | | Diluted EPS (Common Stock) | $1.11 | $1.04 | | Cash Dividends per Share (Common Stock) | $0.25 | $0.22 | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities was **$20.6 million** for the first three months of 2022, a slight increase from **$19.6 million** in the prior year, while cash used in investing activities increased due to higher capital expenditures, and financing activities used significantly more cash (**$17.3 million** vs. **$4.8 million**) primarily due to **$12.5 million** in common stock repurchases Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $20,578 | $19,601 | | Net cash used in investing activities | ($7,107) | ($4,745) | | Net cash used in financing activities | ($17,278) | ($4,788) | | **(Decrease) increase in cash** | **($3,807)** | **$10,068** | [Notes to Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes detail the company's single-segment retail operations, the ongoing impact of COVID-19 on supply chains and costs, and disaggregated revenue by product category - The company operates as a retailer of residential furniture in the middle to upper-middle price ranges under the single brand 'Havertys' and does not franchise[10](index=10&type=chunk) - During Q1 2022, the business continued to be impacted by COVID-19 related effects, including rising product prices, volatile transportation costs, supply chain disruptions, and adverse impacts on consumer spending from inflation[13](index=13&type=chunk) Revenues by Product Category (in thousands) | Category | Q1 2022 Net Sales | % of Total | Q1 2021 Net Sales | % of Total | | :--- | :--- | :--- | :--- | :--- | | Case Goods | $74,188 | 31.0% | $88,841 | 37.6% | | Upholstery | $111,186 | 46.5% | $95,626 | 40.4% | | Mattresses | $19,733 | 8.3% | $20,481 | 8.7% | | Accessories and Other | $33,839 | 14.2% | $31,543 | 13.3% | | **Total** | **$238,946** | **100.0%** | **$236,491** | **100.0%** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=14&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2022 sales trends, including a decline in written comparable-store sales, improved gross profit margin, increased SG&A expenses, and the company's strong liquidity position [Net Sales](index=14&type=section&id=Net%20Sales) Total net sales for Q1 2022 increased by **1.0%** to **$238.9 million**, with comparable-store sales up **0.2%**, however, written business, an indicator of future deliveries, declined by **8.8%** (**9.6%** on a comp-store basis) compared to Q1 2021, with management noting a significant decline in traffic and written business in March due to macroeconomic pressures Q1 Sales Performance vs. Prior Year | Metric | Q1 2022 Change | | :--- | :--- | | Net Sales | +1.0% | | Comp-Store Sales | +0.2% | | Written Business | -8.8% | | Written Comp-Store Sales | -9.6% | - Supply chain delays impacted the case goods category, with its share of total sales decreasing from **37.6% in Q1 2021 to 31.0% in Q1 2022**[39](index=39&type=chunk) - Management attributes a significant decline in in-store traffic and written business in March to rising inflation, fuel costs, stock market volatility, higher interest rates, and geopolitical instability[40](index=40&type=chunk) [Gross Profit](index=15&type=section&id=Gross%20Profit) Gross profit margin for Q1 2022 increased by **190 basis points** to **59.0%** from **57.1%** in the prior year, primarily due to merchandise pricing and product mix, leading the company to raise its full-year 2022 gross profit margin guidance to a range of **57.7% to 58.0%** - Gross profit margin rose to **59.0% in Q1 2022**, an increase of **190 basis points** from 57.1% in Q1 2021[41](index=41&type=chunk) - Full-year 2022 gross profit margin is expected to be between **57.7% and 58.0%**, an increase over previous guidance but lower than Q1 results due to promotional cadence[42](index=42&type=chunk) [Selling, General and Administrative Expenses](index=15&type=section&id=Selling%2C%20General%20and%20Administrative%20Expenses) SG&A expenses increased by **$5.4 million** (**4.9%**) in Q1 2022, representing **48.2%** of sales compared to **46.4%** in Q1 2021, driven by higher selling, distribution, delivery, and occupancy costs, with variable expenses growing as a percentage of sales due to higher compensation and fuel costs SG&A Expense Breakdown (in thousands) | Expense Type | Q1 2022 | % of Sales | Q1 2021 | % of Sales | | :--- | :--- | :--- | :--- | :--- | | Variable | $44,384 | 18.6% | $40,707 | 17.2% | | Fixed and discretionary | $70,770 | 29.6% | $69,055 | 29.2% | | **Total SG&A** | **$115,154** | **48.2%** | **$109,762** | **46.4%** | - The company anticipates full-year 2022 variable SG&A expenses to be **18.0% to 18.2% of sales**, and fixed/discretionary expenses to be between **$295.0 million and $298.0 million**[48](index=48&type=chunk) [Liquidity and Capital Resources](index=16&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained a strong liquidity position with **$162.3 million** in cash and cash equivalents as of March 31, 2022, has a **$60.0 million** revolving credit facility with no outstanding borrowings and **$34.7 million** available, repurchased **$12.5 million** of its common stock during the quarter, with **$12.5 million** remaining under authorization, and projects full-year 2022 capital expenditures of approximately **$37.0 million** - As of March 31, 2022, the company had **$162.3 million in cash and cash equivalents** and no outstanding borrowings under its credit facility[49](index=49&type=chunk) - The company repurchased **438,499 shares of common stock** for approximately **$12.5 million** during Q1 2022[52](index=52&type=chunk) - Capital expenditures for the full year of 2022 are expected to be approximately **$37.0 million**[49](index=49&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=17&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company reports no material changes in its market risk exposure since December 31, 2021, referring to its Annual Report on Form 10-K for details - There have been no material changes in the company's exposure to market risk since December 31, 2021[59](index=59&type=chunk) [Item 4. Controls and Procedures](index=17&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective as of March 31, 2022, with no material changes to internal control over financial reporting - Based on an evaluation, the CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the quarter[60](index=60&type=chunk) - No changes in internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the company's internal controls were identified during the quarter[61](index=61&type=chunk) PART II. OTHER INFORMATION This section covers legal proceedings, risk factors, equity sales, and a list of exhibits [Item 1. Legal Proceedings](index=18&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that it has no pending claims or legal proceedings that are reasonably likely to have a material adverse effect on its financial condition, results of operations, or cash flows - The company states it has no pending legal proceedings that would be reasonably likely to have a material adverse effect on its financial condition or results of operations[12](index=12&type=chunk)[63](index=63&type=chunk) [Item 1A. Risk Factors](index=18&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes from the risk factors previously described in the company's Annual Report on Form 10-K - No material changes have occurred in the risk factors described in the company's Form 10-K[64](index=64&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=18&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the first quarter of 2022, the company repurchased **438,499 shares** of its common stock for approximately **$12.5 million**, with approximately **$12.5 million** remaining available for future purchases under the board-authorized stock repurchase program as of March 31, 2022 Common Stock Repurchases in Q1 2022 | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | January 2022 | — | — | | February 2022 | 180,000 | $27.47 | | March 2022 | 258,499 | $29.23 | | **Total Q1** | **438,499** | **N/A** | - As of March 31, 2022, the remaining authorized amount for the stock repurchase program was approximately **$12.5 million**[65](index=65&type=chunk)[66](index=66&type=chunk) [Item 6. Exhibits](index=19&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with or incorporated by reference into the Form 10-Q report, including charter documents, bylaws, compensation agreements, and CEO/CFO certifications - The report includes a list of exhibits filed, such as CEO and CFO certifications (**31.1, 31.2, 32.1**) and financial data formatted in inline XBRL (**101**)[68](index=68&type=chunk)

Haverty Furniture Companies, Inc. (NYSE:HVT) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET Company Participants Richard Hare – Chief Financial Officer Steven Burdette – President Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Operator Good day, and welcome to the Haverty Furniture First Quarter Results 2022 Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Richard Hare, Chief Financial Officer. Please go ahead, s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 1-14445 HAVERTY FURNITURE COMPANIES, INC. Maryland 58-0281900 (State of Incorporation) (IRS Employer Identification Number) 780 Johnson ...

Financial Data and Key Metrics Changes - The company reported record fourth quarter and full year performance, achieving $1 billion in net sales for the first time, with earnings per share of $4.90 compared to $3.12 the previous year [5] - In Q4 2021, net sales were $265.9 million, a 10.2% increase year-over-year, while comparable store sales rose by 9.2% [26] - Gross profit margin decreased by 60 basis points from 57% to 56.4% due to increased freight and product costs [26] - Net income for Q4 2021 was $24.3 million or $1.35 per diluted share, compared to $25.4 million or $1.37 per share in the same quarter last year [29] Business Line Data and Key Metrics Changes - The company is focusing on enhancing its e-commerce business, with pure Internet sales transactions currently in the mid-single digits percentage of sales, aiming to reach the 10% range post-relaunch [14] - The company plans to triple its third-party curated collections this year, indicating a strong focus on expanding product offerings [15] Market Data and Key Metrics Changes - The company is positioned in 9 out of the top 10 hottest housing markets in the U.S., with plans to open stores in key regions such as Northern Virginia, Austin, and Indianapolis [9] - The company added capacity to its main distribution center, allowing for 20% more storage, and is investing in regional facilities to support growth in the Mid-Atlantic and Mid-American regions [11] Company Strategy and Development Direction - The company plans to open 5 new stores per year for the next three years starting in 2023, focusing on its distribution footprint [10][44] - Capital expenditures for 2022 are expected to be approximately $37 million, with key investments in stores, distribution, and IT enhancements [13][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of demand, noting a healthy backlog and no significant order cancellations [39][42] - The company anticipates a return to normalized receiving levels by February and March 2022, following supply chain disruptions [19] - Management expects gross profit margins for 2022 to be between 56.7% and 57%, with improvements anticipated over the course of the year [34] Other Important Information - The company has no funded debt on its balance sheet and ended Q4 2021 with $166.1 million in cash and cash equivalents [31] - The company purchased $22.3 million of common shares in Q4 2021, totaling $41.8 million for the year, representing approximately 8% of its current market capitalization [32] Q&A Session Summary Question: Sustainability of demand versus pre-pandemic levels and notable order cancellations - Management has not seen notable cancellations and reports a healthy backlog, which is up over last year [39][42] Question: Store growth and geographic footprint - New store openings will primarily be within the current distribution footprint, with potential expansion into other states [44] Question: Demand trends throughout the quarter - Written trends were soft in October and November but showed positive trends in December [49] Question: Promotions and competitive environment - The company has not changed its promotion cadence and continues to focus on digital marketing efforts [52] Question: Expectations for freight and product costs - Management noted some leveling out of container rates but still expects elevated costs to impact margins [53]