BSET Stock Overview

Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q4 2024 Earnings Conference Call January 30, 2025 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman - Chairman and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Co LLC. Mike McCormack - Water Tower Research Operator Good day, and thank you for standing by.

Bassett Furniture (BSET) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.15 per share a year ago.

BASSETT, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today announced it will host a conference call with management on Thursday, January 30, 2025, at 9:00 a.m. ET to discuss its fourth quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, January 29, 2025. Chairman and CEO Rob Spilman will host the call, along with CFO Mike Daniel.

Bassett's fourth-quarter fiscal 2024 performance is expected to have been hurt by soft demand in the home furnishings space.

BSET has reduced its workforce to streamline operations and generate significant cost savings as part of the company's ongoing restructuring efforts.

Bassett Furniture reported weak Q3 results due to a cybersecurity incident and persisting weak industry conditions, but I believe that the factors behind the earnings make the weak Q3 understandable. The company is undergoing a restructuring plan to improve earnings by $5.5-6.5 million and looks to cut production and streamline operations by the end of Q4. The BSET stock comes with a good margin of safety in terms of the valuation, but with a still uncertain industry outlook and Bassett's uncertain earnings power, I remain neutral.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q3 2024 Earnings Conference Call October 10, 2024 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman - Chairman and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Brian Gordon - Water Tower Research Operator Good day and thank you for standing by. Welcome to Bassett Furniture Industries Q3 2024 Earnings Conference Call.

Bassett Furniture (BSET) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.30 per share a year ago.

BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend.