BSET News and Press, Bassett Furniture Industries Incorporated From 03/01/22

BASSETT, Va., March 01, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ: BSET) announced today that it has completed the sale of substantially all of the assets of Zenith Freight Lines, LLC, a wholly-owned subsidiary of Bassett, to a wholly-owned subsidiary of J.B. Hunt ...

The furniture market has experienced a surge in demand due to increasing inclination toward home decoration and renovation, thanks to more remote lifestyles. Furthermore, with the current housing market booming, continued interest in furnishing homes should further bolster the industry's grow...

Sale of Zenith Freight Lines is a big positive and will improve net cash per share. $11.90 net cash per share [including proceeds from the sale] represents 66% of the stock price. Above expectations 4Q22 earnings. Stock up 33% on the announcement. We expect special dividen...

4Q21 Results. Revenue was $129.9 million, up 9.7% y-o-y and up 14.3% compared to the non-COVID impacted 4Q19. Backlog fell modestly sequentially to $90.1 million. Bassett reported net income of $5.0 million, or $0.52 per share, compared to net income of $6.5 million, or $0.65 per share, in the...

Shares of Bassett Furniture Industries Inc ( NASDAQ: BSET ) are up 30% on Monday after the furniture manufacturer and retailer announced an $87 million deal with J.B. Hunt Transport Services Inc. Bassett also reported its Q4 results this morning. Fourth-quarter financial results...

BASSETT, Va., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fourth quarter ended November 27, 2021 and discusses the previously announced sale of the assets of Zenith Freight Lines, LLC for $87 million i...

BASSETT, Va. and LOWELL, Ark., Jan. 31, 2022 (GLOBE NEWSWIRE) -- J.B. Hunt Transport Services Inc (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, and Bassett Furniture Industries, Inc. (NASDAQ: BSET), a leading manufacturer and marketer of high-quality ...

Arhaus (NASDAQ:ARHS) prices its initial public offering of 12.9M shares at $13 per share vs. the expected range of $14 to $17. Another 10M shares held by some of its shareholders, including members of the senior management team are also part of the offering. Arhaus raised $298M through t...

Bassett EPS is up 41% YoY for the 3Q. The stock has a net cash position of $5.80, or 33% of the stock price. Bassett is 53% off its recent 52-week highs, and this is a good time to get invested. Lumber prices plummet – a good sign for the housing market which has been b...

Earnings Release Bassett Furniture Industries (NASDAQ: BSET)  was featured in a company-sponsored research note published by Sidoti & Company, LLC. The headline of the report reads, “3Q:F21 EPS A Penny Above Our Forecast; Fine-Tune F2021 And F2022 EPS Estimates; Roll Out...