Tag Archives: Robert Spilman

Bassett Posts Big Net Gains in Q3

Bassett

BASSETT, Va.-Improved sales and margins bolstered Bassett Furniture Industries to a gain of 305.8 percent in third-quarter net income, which totaled $3.3 million. Net sales in the quarter, which ended on Aug. 30, rose 10.4 percent to $85.2 million. Much of the gain came from Bassett’s retail operation, whose sales increased 17 percent in totalMore »

Last updated: October 2, 2014

Bassett Sales Gains for Q4, Fiscal Year

Bassett

BASSETT, Va.-Bassett Furniture Industries posted net sales increases of 8.1 percent for its fourth quarter ending on Nov. 30, and 19.1 percent for its 2013 fiscal year. Fourth-quarter net sales tallied $83.1 million, bringing the fiscal-year total to $321.3 million. Net income for the quarter was $1.6 million, down 90.5 percent, and for the yearMore »

Last updated: January 22, 2014

Bassett Q2 Net Totals $2 Million

Bassett

BASSETT, Va.-Bassett Furniture Industries posted net income of $2 million for its fiscal second quarter ending on June 1. The net total was down 75.7 percent from last year’s second quarter, which included $9 million of income relating to the cash distribution from the Continued Dumping and Subsidy Offset Act, which involved the company’s supportMore »

Last updated: July 9, 2013