Stanley Furniture Company, Inc. Provides Earnings Guidance for the First Quarter and Third Quarter of 2015
April 09, 2015 at 01:59 am
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Stanley Furniture Company Inc. announced that it expects to report flat first quarter of 2015 sales from continuing operations and an operating loss driven by the west coast port strike and weather. The company's sales remained flat with the prior year quarter as backlog from successful fall product introductions shipped. Order rates fell sharply as the quarter progressed due to bad weather mostly in the northeast and mid-Atlantic.
The company made adjustments to cost structure late in the quarter to minimize year-to-date losses by the end of second quarter and to generate net profits beginning in the third quarter of 2015 at the current level of sales.
HG Holdings, Inc. is engaged in the business of providing title insurance and tile agency services. The Company's segments include title insurance, real estate, reinsurance, and management services. The title insurance segment issues title insurance policies and provides title agency services for residential and commercial real estate transactions. This segment also provides closing and/or escrow services to facilitate real estate transactions. The real estate segment is engaged in rental real estate through its equity investment in HC Realty. The management services segment, through its subsidiary, HG Managing Agency, LLC, is engaged in providing various management advisory services such as legal entity formation, licensure, regulatory approval, assumption of policies, and other general operational services. Its subsidiaries include National Consumer Title Insurance Company; National Consumer Title Group, LLC; Title Agency Ventures, LLC, and HG Managing Agency, LLC.
HG HOLDINGS, INC. 
