News & Videos - STANLEY FURNITURE CO.

CHARLOTTE, N.C., March 23, 2018 (GLOBE NEWSWIRE) -- HG Holdings, Inc. (formerly Stanley Furniture Company, Inc.) (OTCQB:STLY) today reported sales and operating results for the year ending December 31, 2017. 2017 financial results compared to 2016: Net sales were $45.2 million compared to $44.6 million Gross profit was $4.8 million compared to $8.4 million Selling, general and administrative expenses were $13.0 million compared to $14.0 million Net loss was $7.7 million compared to net loss of...

HIGH POINT, N.C., March 02, 2018 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) announced today that on March 2, 2018, its stockholders approved the previously announced sale of substantially all of its assets to Churchill Downs LLC (“Buyer”), and the Company consummated the sale transaction pursuant to the terms of the asset purchase agreement dated November 20, 2017, as amended on January 22, 2018. The purchase price consisted of approximately $10.8 million in cash, a...

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Stanley Furniture Company, Inc. - STLY PR Newswire NEW YORK, Jan. 8, 2018 NEW YORK , Jan. 8, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a boutique securities firm headquartered at the Empire State Building in New York City , is investigating Stanley Furniture Company, Inc. (" Stanley " or the "Company") (NASDAQ: STLY) relating to the sale of substantially all of...

HIGH POINT, N.C., Nov. 20, 2017 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) announced today that it has entered into an agreement to sell substantially all of its assets to Churchill Downs LLC (“Buyer”) for $11.5 million in cash, a $4.6 million subordinated secured promissory note of Buyer, a 5% equity interest in Buyer’s post-closing parent company and the assumption of substantially all the Company’s liabilities. The Company will retain certain assets, including...

HIGH POINT, N.C., Nov. 13, 2017 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) reports sales and operating results for the third quarter ended September 30, 2017. Third quarter 2017 financial results compared to second quarter 2017: Net sales were $10.4 million compared to $11.6 million, a decrease of 10.2%. Gross profit margins were 22.4% compared to 23.5%. Selling, general and administrative expenses were $2.7 million, or 25.6% of net sales, compared to $2.7 million, or...

Company continues to improve results HIGH POINT, N.C., July 25, 2017 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) reports sales and operating results for the second quarter ended July 1, 2017. Second quarter 2017 financial results compared to first quarter 2017: Net sales were $11.6 million compared to $11.2 million, an increase of 3.8%. Gross profit margins were 23.5% compared to 20.0%. Selling, general and administrative expenses were $2.7 million, or 23.6% of net sales,...

HIGH POINT, N.C., April 18, 2017 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) today reports sales and operating results for the first quarter ended April 1, 2017. First quarter 2017 financial results compared to fourth quarter 2016: Net sales were $11.2 million compared to $9.8 million, an increase of 14.2%. Gross profit margins were 20.0% compared to 20.1%. Selling, general and administrative expenses were $2.7 million, or 23.7% of net sales, compared to $3.4 million, or...

HIGH POINT, N.C., Feb. 22, 2017 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) today reported sales and operating results for the fourth quarter and total year ending December 31, 2016. Fourth quarter 2016 financial results compared to prior year: Net sales were $9.8 million compared to $13.8 million, down 29.0%. Gross profit margins were 20.2% compared to 25.0%. Selling, general and administrative expenses were $3.4 million, or 34.2% of net sales, compared to $2.7 million, or...

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HIGH POINT, N.C., Jan. 30, 2017 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) (the “ company ”) announced today that it has reached an agreement with Hale Partnership Fund, LP and certain affiliates (the “ Hale Group ”), a shareholder group that collectively owns approximately 10.2% of the company’s outstanding common stock and who had nominated two candidates for election to the company’s Board of Directors at the 2017 Annual Stockholders meeting. Under the...

HIGH POINT, N.C., Dec. 05, 2016 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) (the “Company”) announced today that its Board of Directors (the “Board”) has adopted a Rights Agreement (the “Rights Agreement”) designed to protect the company’s substantial net operating loss carryforwards (“NOLs”). As of October 1, 2016, the Company had approximately $20.4 million in NOLs, which can be used, in certain circumstances, to offset future taxable income for U.S....

HIGH POINT, N.C., Oct. 25, 2016 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) today reported sales and operating results for the third quarter of 2016. Third quarter 2016 financial results compared to prior year: Net sales were $11.0 million compared to $13.8 million, down 19.8%. Gross profit margins were 16.6% compared to 24.8%, negatively impacted by discounting older product, promotional activities and lower sales. Selling, general and administrative expenses were $3.8...