Water Tower Hour Recap: Insights on the Furniture/Furnishings Conference
On this week’s Water Tower Hour Podcast, host Tim Regan was joined by Budd Bugatch and Rex Henderson for a recap of the WTR Furniture/Furnishings Conference. They shared takeaways and insights from the conference and their outlook for the Consumer Hardlines sector. Those interested can listen to the episode on Apple Podcasts, Google Podcasts, Spotify, or on our website. Links in our full report. Presenting Companies Steelcase, Inc. (SCS): CFO Dave Sylvester and Director of Investor Relations Mike O’Meara recapped the impacts of the pandemic and the actions taken to recover. They further discussed the company’s strategic plans. Haverty Furniture Companies, Inc. (HVT): CEO Clarence Smith and CFO Richard Hare reviewed the company’s transformation to a branded retailer. MillerKnoll, Inc. (MLKN): CEO Andi Owen and CFO Jeff Stutz reviewed the rationale for the merger of Herman Miller and Knoll, Inc. and dove into progress toward the operational goals. Hooker Furnishings Corp. (HOFT): CEO Jeremy Hoff laid out the company’s growth strategy. Culp, Inc. (CULP): CEO Robert Culp IV and CFO Ken Bowling reviewed the recovery of the Culp Home Fashions (mattress fabric) segment from the impacts of the pandemic and reinforced the strength of the balance sheet. Ethan Allen Interiors, Inc. (ETD): CEO Farooq Kathwari discussed the company’s culture of “constant reinvention”. HNI Corporation (HNI): CFO Marshall Bridges and VP of Investor Relations Matt McCall discussed the rationale for the acquisition of Kimball International and the outlook for HNI’s two segments: Workplace Furnishings and Residential Building Products. Flexsteel Industries, Inc. (FLXS): CEO Jerry Ditmer and President Derek Schmidt highlighted the positive earnings pre-release and reviewed growth opportunities. A link to the conference presentations is accessible in our full report.
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