Core Points - KH Group Plc held its Annual General Meeting on 6 May 2025, where all proposals were supported, including the adoption of financial statements for 2024 and the discharge of the Board of Directors and CEO from liability for that period [1] - The General Meeting decided not to distribute any dividends for the financial period ended 31 December 2024 [2] - The remuneration for the Board of Directors remains unchanged, with the Chairman receiving EUR 3,550 per month and each member EUR 2,300 per month [3] - The number of Board members was confirmed at six, with specific individuals elected to serve until the closing of the Annual General Meeting of 2026 [4] - Ernst & Young Oy was elected as the company's auditor and sustainability reporting assurance provider, with Timo Eerola acting as the principally responsible auditor [5][6] - The General Meeting authorized the Board of Directors to issue up to 11,400,000 shares and to repurchase a maximum of 5,700,000 shares, effective until 30 June 2026 [8][10] - The Board of Directors elected Juha Karttunen as Chairman and established an Audit Committee with specific members [13] - All members of the Board of Directors were considered independent of the company and significant shareholders [14]

Core Insights - KH Group Plc experienced moderate growth in net sales and operating profit during the January–March 2025 period compared to the previous year [3] - The company aims to focus on its core business, KH-Koneet, while divesting other business areas [8] Financial Performance - Net sales for the period amounted to EUR 41.8 million, an increase from EUR 40.4 million year-on-year [7] - Comparable operating profit was EUR 0.2 million, improving from a loss of EUR 0.1 million [7] - The net profit from continuing operations was EUR -0.4 million, an improvement from EUR -1.7 million [7] - Earnings per share from continuing operations were EUR -0.01, compared to EUR -0.03 in the previous year [7] - Equity per share decreased to EUR 0.85 from EUR 1.30 [7] - Gearing at the end of the review period was 291.3%, up from 225.3% [7] Business Segments - KH-Koneet saw an increase in net sales and operating profit in Finland and Sweden, particularly in heavy crawler excavators [3] - Nordic Rescue Group's net sales declined, but operating profit remained stable compared to the previous year [3] - Indoor Group faced challenges due to market uncertainty, but a reform program aims for an annual operating profit improvement of at least EUR 10 million by the end of 2026 [4] Strategic Developments - KH Group initiated a sale process for Indoor Group and aims to complete it during 2025 [5] - The company acquired the remaining minority shares of KH-Koneet Group Oy for EUR 2.0 million, making it a fully-owned subsidiary [5] - A performance-based share scheme for key employees of KH-Koneet was established to align their goals with shareholder interests [6] Future Outlook - The company estimates that net sales for 2025 will be approximately EUR 194.0 million, with comparable operating profit remaining around EUR 7.2 million [9] - The focus will be on securing net sales and improving working capital efficiency [6]

Core Viewpoint - Ethan Allen Interiors Inc. reported its fiscal 2025 third quarter results, highlighting strong gross margins, positive operating cash flow, and a solid cash position with no debt, despite facing challenges in the housing market and economic uncertainties [2][3][5]. Financial Performance - Consolidated net sales for the quarter were $142.7 million, a decrease from $146.4 million in the prior year [5][7]. - Gross margin was reported at 61.2%, slightly down from 61.3% year-over-year [5][7]. - Adjusted operating income was $11.3 million, with an adjusted operating margin of 8.0%, compared to 10.0% in the previous year [5][7]. - Adjusted diluted EPS was $0.38, down from $0.48 in the prior year [5][7]. Cash Flow and Dividends - The company generated $10.2 million in cash from operations, a decrease from $23.7 million in the prior year [5][9]. - Total cash and investments at the end of the quarter were $183.0 million, with cash dividends paid totaling $10.0 million, reflecting an 8.3% increase from the previous year [5][10][8]. Operational Highlights - The company operates 174 retail design centers in North America, including new locations opened in Middleton, Wisconsin, and Toronto, Canada [12]. - Employee headcount decreased by 35.7% since 2019, now totaling 3,294 [12][4]. - Customer deposits from undelivered written orders increased to $79.3 million, up from $73.5 million at the end of the previous fiscal year [13]. Historical Context - Founded in 1932, Ethan Allen has paid cash dividends totaling $711.3 million and repurchased $625.1 million of its common stock since going public in 1993 [4].

Core Points - KH Group Plc's Board of Directors has established a new performance share plan for key employees of KH-Koneet, replacing the previous plan announced on May 31, 2024, with the goal of aligning shareholder and employee objectives to enhance long-term company value [1] - The performance share plan will cover a two-year performance period from 2025 to 2026, allowing key employees to earn shares based on their performance [2] - Rewards from the plan will be distributed within five months after the performance period ends, consisting of both KH Group shares and cash to cover taxes and social security contributions [3] - The performance criteria for the plan are based on KH-Koneet's EBIT and Return on Invested Capital for the year 2026, targeting approximately 20 key employees, including management members, with a maximum total reward value of approximately 1,094,000 shares [4] - Management members are required to hold 50% of the reward shares until their shareholding equals 50% of their annual base salary from the previous year, while the CEO must hold 50% until their shareholding equals their annual base salary [5] Company Overview - KH Group Plc operates as a Nordic conglomerate in various business areas, including construction and earth-moving equipment, rescue vehicle manufacturing, and furniture retailing, with a strategic objective to create an industrial group centered around KH-Koneet [6]

Singapore, May 05, 2025 (GLOBE NEWSWIRE) -- HomesToLife Ltd (NASDAQ: HTLM) ("HomesToLife" or the "Company"), the holding company of one of the leading home furniture products retail chains in Singapore, today announced that it has entered into a definitive sale and purchase agreement (the "Sale and Purchase Agreement") with New Century International Homes Pte Ltd ("New Century") to acquire 100% of equity interests in HTL Marketing Pte Ltd ("HTL Marketing"), a leading B2B procurer and supplier of premium uph ...

Financial Data and Key Metrics Changes - Q1 2025 sales were $181.6 million, a decrease of 1.3% year-over-year, with comparable store sales down 4.8% [3][18] - Gross margins increased to 61.2% from 60.3%, reflecting improved product selection and merchandise mix [4][18] - Pre-tax profits rose to $5.3 million, with an operating margin of 2.9%, compared to $3.2 million and 1.7% in Q1 2024 [4][19] - Net income for Q1 2025 was $3.8 million, or $0.23 per diluted share, compared to $2.4 million, or $0.14 per share in the same quarter last year [19] Business Line Data and Key Metrics Changes - The design business accounted for approximately 33% of total business, with an average ticket of over $3,300, up about 4% [6] - The designer average ticket grew to over $7,400, an increase of over 9% [6] - Weakness was noted in dining and occasional categories, while upholstery, bedroom, and mattress categories performed in line with expectations [6] Market Data and Key Metrics Changes - Written sales were down 2.6% with comparable sales down 6.3% [3] - Sales for Presidents' Day were disappointing, down roughly 10% over the two-week period [5] - Traffic softened but remained positive in the low single digits, with conversion rates stabilizing and showing some improvement compared to last year [5] Company Strategy and Development Direction - The company plans to roll out a new point of purchase and tagging program to enhance the in-store customer experience [7] - The strategy includes increasing inventories of best-selling products to mitigate supply chain disruptions due to tariffs [11][12] - The company aims to open five new stores annually, with a cautious approach based on current market conditions [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with Q1 results despite challenges such as housing market lows, high interest rates, and declining consumer confidence [4][16] - The company is well-positioned to navigate challenges due to its strong brand, debt-free balance sheet, and customer focus [17] - Future guidance includes expectations for gross margins between 60% and 60.5% for 2025, factoring in current tariffs [21][22] Other Important Information - Inventory levels increased by approximately $5 million or about 6% since year-end 2024 [11] - The company has no funded debt and ended Q1 with $111.9 million in cash and cash equivalents [20] - CapEx for Q1 2025 was $6.1 million, with a planned reduction to $24 million for the year due to tariff uncertainties [22] Q&A Session Summary Question: Impact of winter storms on business - Management noted that January was down almost 2% in written business, February down about 5%, and March was flat, with multiple storms impacting operations [26][27][28] Question: Price increases due to tariffs - Management confirmed targeted price increases will be implemented, but they expect minimal impact on consumers due to supplier cooperation [31][32] Question: Changes in competition - Management observed aggressive promotions from competitors but did not believe promotional activity was the primary issue affecting sales [34][35] Question: Reduction in CapEx guidance - Management explained the $3 million reduction in CapEx was due to tariff uncertainties, leading to a cautious approach on store expansion [36][37] Question: Performance of new stores - Management expressed satisfaction with new store performance, noting they leverage existing distribution networks and initial traffic has been good [47][48]

Financial Data and Key Metrics Changes - Q1 2025 sales were $181.6 million, a decrease of 1.3% year-over-year, with comparable store sales down 4.8% [3][18] - Gross margins increased to 61.2% from 60.3%, reflecting improved product selection and merchandise mix [4][18] - Pre-tax profits rose to $5.3 million, with an operating margin of 2.9%, compared to $3.2 million and 1.7% in Q1 2024 [4][19] - Net income for Q1 2025 was $3.8 million, or $0.23 per diluted share, compared to $2.4 million, or $0.14 per share, in the same quarter last year [19] Business Line Data and Key Metrics Changes - The design business accounted for approximately 33% of total business, with an average ticket of over $3,300, up about 4% [6] - The designer average ticket grew to over $7,400, an increase of over 9% [6] - Weakness was noted in dining and occasional categories, while upholstery, bedroom, and mattress categories performed in line with expectations [6] Market Data and Key Metrics Changes - Written sales were down 2.6% with comparable sales down 6.3% [3] - Sales for the Presidents' Day event were disappointing, down roughly 10% over the two-week period [5] - Traffic softened but remained positive in the low single digits, with conversion rates stabilizing and showing some improvement compared to last year [5] Company Strategy and Development Direction - The company plans to roll out a new point of purchase and tagging program to enhance the in-store customer experience [7] - The strategy includes increasing inventories of best-selling products to improve service speed and mitigate tariff impacts [11][12] - The company aims to open five new stores annually, with a cautious approach due to current market conditions [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with Q1 results despite challenges from the housing market, high interest rates, and consumer confidence issues [4][16] - The company is well-positioned to navigate challenges due to its strong brand, debt-free balance sheet, and customer focus [17] - Future guidance includes expectations for gross margins between 60% and 60.5% for 2025, factoring in current tariffs [21][22] Other Important Information - SG&A expenses decreased by $2.2 million or 1.9% to $107.2 million, representing 59% of sales [19] - Inventory levels increased by approximately $5 million or about 6% since year-end 2024 [11][20] - The company has halted most direct shipments from China due to tariffs, which could cause temporary supply disruptions [10] Q&A Session Summary Question: Impact of winter storms on business - Management noted that January was down almost 2% in written business, February down about 5%, and March was flat, with multiple storms impacting operations [26][27][28] Question: Price increases due to tariffs - Management confirmed targeted price increases will be implemented, but they expect minimal impact on consumers due to supplier cooperation [31][32] Question: Changes in competition - Management observed aggressive promotions from competitors but did not believe promotional activity was the primary issue affecting their performance [34][35] Question: Reduction in CapEx guidance - Management explained the $3 million reduction in CapEx was due to tariff uncertainty, prompting a cautious approach to store expansion [36][37] Question: Performance of new stores - Management reported positive performance from new stores, leveraging existing distribution networks, and noted that initial traffic has been good [47][48]

Core Points - Havertys Furniture is hosting a Military Appreciation Event on May 3 across all 130 showrooms to honor local military families [1][5] - The company is partnering with Tempur-Pedic to donate 78 mattresses to The Joel Fund, a non-profit organization supporting military veterans and their families [3][4] - The event includes exclusive giveaways, refreshments, special financing, and a chance to win a $1,000 gift certificate [2] Company Overview - Havertys, established in 1885, operates 130 showrooms in 17 states, offering a wide selection of home furnishings in middle to upper-middle price ranges [6] - The company has a history of supporting military families, including ongoing military discounts [4] Non-Profit Partnership - The Joel Fund, founded in 2016, aims to reconnect veterans to life at home through community engagement and support programs [7] - The donation of mattresses will directly benefit military families identified by The Joel Fund as in need [3][4]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported net sales of $181.6 million, a decrease of 1.3% compared to the prior year quarter, with comparable store sales down 4.8% [3][17] - Gross profit margin increased by 90 basis points to 61.2% from 60.3% due to product selection and merchandise mix [4][17] - SG&A expenses decreased by $2.2 million or 1.9% to $107.2 million, representing 59% of sales, down from 59.4% in the prior year quarter [18] - Net income for Q1 2025 was $3.8 million or $0.23 per diluted share, compared to $2.4 million or $0.14 per share in the comparable quarter last year [18] Business Line Data and Key Metrics Changes - The design business improved to approximately 33% of total business, with the designer average ticket growing over 9% to over $7,400 [6] - Average ticket rose by approximately 4% to just over $3,300, while written sales were down 2.6% with comps down 6.3% [3][6] Market Data and Key Metrics Changes - The housing market continues to operate at thirty-year lows, influenced by affordability issues, inflated interest rates, and declining consumer confidence [4][16] - Sales for the Presidents' Day event were disappointing, down roughly 10% over the two-week period [5] Company Strategy and Development Direction - The company plans to roll out a new point of purchase and tagging program to enhance the in-store customer experience by Labor Day [7] - The company aims to open five new stores a year but will be cautious based on current conditions, with plans for a third store in Houston and relocating an existing store [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating challenges such as housing affordability, high interest rates, and tariffs, citing a strong brand and debt-free balance sheet [16] - The company anticipates gross margins for 2025 to be between 60% and 60.5%, with fixed and discretionary SG&A expenses expected to increase due to store growth and inflation [21] Other Important Information - The company has halted most direct shipments from China due to tariffs, which could cause temporary supply disruptions [10] - Inventories increased by approximately $5 million or about 6% since year-end 2024, with expectations for further increases in Q2 [11][12] Q&A Session Summary Question: Impact of winter storms on business - Management noted that multiple winter storms impacted business, but did not quantify the exact impact [24][27] Question: Price increases due to tariffs - Management confirmed that targeted price increases will be implemented, but they expect minimal impact on consumers due to supplier support [30][31] Question: Changes in competition - Management observed aggressive promotions from competitors but did not believe it was affecting their promotional activity [33] Question: Reduction in CapEx guidance - The reduction in CapEx guidance was due to tariff uncertainty, prompting a cautious approach to store expansion [35][36] Question: Performance of new stores - Management reported positive performance from new stores, leveraging existing distribution networks, and expressed optimism for future openings [47][49]

Company Overview - HomesToLife Ltd is a leading home furniture products retail chain in Singapore, operating through its wholly owned subsidiary, HomesToLife Pte. Ltd, which offers customized furniture solutions [3][4] - The company also has another subsidiary, HTL Far East Pte. Ltd, focused on sourcing, distributing, and delivering premium furniture to the business sector across the Asia-Pacific region [3] Financial Results Announcement - HomesToLife plans to release its financial results for the fiscal year ended December 31, 2024, on April 7, 2025, before the market opens [1] - A conference call to review the financial results is scheduled for April 11, 2025, at 8:30 a.m. ET [1] Retail Operations - HomesToLife Pte. Ltd operates six retail store locations and has been helping homeowners create personalized living spaces since 2014 [4] - The company offers a variety of products, including leather and fabric upholstered furniture, case goods, and accessories, providing a one-stop shop for customers [4] - HomesToLife is committed to fair pricing, great value, consistent quality, and on-time delivery [4]