TITLE

FBI profits rise despite 14.3% sales decline

AUTHOR(S)
Thomas, Larry
PUB. DATE
May 2008
SOURCE
Furniture/Today;5/5/2008, Vol. 32 Issue 34, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the sales forecast of the Furniture Brands International Inc. (FBI), which is considered as one of the top residential furniture manufacturers in the U.S. FBI states that despite its sales decline of 14.3% in the first quarter, its profits from continuing operations have increased. The company emphasized that the results which were consistent with a preliminary earnings announcement issued on April 17, 2008 indicate that a restructing plan is having a positive impact.
ACCESSION #
32066583

 

Related Articles

  • Furniture Industry Lends Helping Hand to Hurricane Floyd Victims.  // Wood & Wood Products;Nov99, Vol. 104 Issue 12, p13 

    Focuses on the aid provided by the residential furniture industry to victims of the 1999 Hurricane Floyd in the United States. Cash donation of the Furniture Brands International; Program organized by the American Furniture Manufacturers Association; Remarks from executives of furniture companies.

  • FBI 4Q earnings fall 88%.  // Furniture/Today;2/5/2007, Vol. 31 Issue 22, p1 

    The article presents the quarterly report of manufacturer and importer Furniture Brands International for the fourth quarter, 2006. According to the article, the company's earnings fell 88% to US$ 2.1 million, sales decreased 1.2% to US$ 586.5 million compared to previous year, but the sales for...

  • FBI 1Q sales increase 3.1 %. McIntosh, Jay // Furniture/Today;5/8/2006, Vol. 30 Issue 34, p1 

    The article reports that Furniture Brands International Inc.'s (FBI) first-quarter sales were up by 3.1 percent compared from 2005 661.4 million dollars. The increase was due to a 5.4 million dollar accounting gain stemming from a refinancing of the company's revolving credit facility. According...

  • Slow sales lead FBI to take downtime.  // Furniture/Today;12/13/2004, Vol. 29 Issue 14, p8 

    The article discusses about the performance in sales by Furniture Brands International Inc. (FBI). FBI expects slower business to continue in the fourth quarter and will take downtime at some factories. The downtime will affect fourth-quarter profits. The company now expects its fourth-quarter...

  • FBI lowers 3Q forecast as Leggett affirms outlook.  // Furniture/Today;9/11/2006, Vol. 31 Issue 2, p38 

    The article reports on the financial performance of Furniture Brands International for the third quarter of 2006. The company has reduced its earnings forecast by 9 cents to 13 cents per share. Meanwhile, component suppliers Legget and Platt has reaffirmed its earnings outlooks and projected...

  • Is there a Sampson, FBI alliance on the horizon? McIntosh, Jay // Furniture/Today;11/26/2007, Vol. 32 Issue 12, p2 

    The article reports on the move of Samuel Kuo, one of the most successful businessmen in the modern global furniture era, to buy 14.9 percent of the stock of Furniture Brands International (FBI) Inc. Officials of Samson Holding and FBI are not commenting on the reason why Kuo is interested in...

  • FBI, Ethan Allen unlikely to meet expectations. Thomas, Larry // Furniture/Today;3/14/2005, Vol. 29 Issue 27, p74 

    Reports on the expected decline of shares of manufacturers Furniture Brands International and Ethan Allen in the U.S. Effect of the weakness in the business on middle-price companies and upper-end companies; Amount of sales by Ethan Allen; Distribution of Ethan Allen products through a network...

  • Broyhill adds Colorado store.  // Furniture/Today;9/12/2005, Vol. 30 Issue 2, p26 

    Reports on the opening of a Broyhill Home Collections furniture store in Aurora, Colorado. Total area of the family-owned business; Inclusion of the newly renovated store in the city's community development program; Operation of Broyhill as a division of Furniture Brands International Inc.

  • FBI expectations unchanged.  // Furniture/Today;9/12/2005, Vol. 30 Issue 2, p39 

    Reports that Furniture Brands International Inc. has reaffirmed its earlier earnings per share guidance for its third quarter ended September 30, 2005, following mixed Labor Day weekend results and unchanged business conditions in the U.S.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics