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Paul Toms Retires as Hooker Furnishings Chairman of Board; Henry G. Williamson Elected to Succeed Toms as Chairman

Retail Furniture News: Paul Toms Retires as Hooker Furnishings Chairman of Board; Henry G. Williamson Elected to Succeed Toms as Chairman, After serving as Chairman and Chief Executive Officer of HFC since 2000, Toms retired as CEO on February 1 of this year, succeeded by Jeremy Hoff, but remained as Chairman of the Board in a non-executive capacity. ....

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Hooker Furniture Corporation Reports Robust Profitability in Third Quarter


Furniture World News
By Nic Ledoux on
12/11/2020
Hooker Furniture recently reported consolidated net sales of $149.7 million and net income of $10 million, or $0.84 per diluted share, for its fiscal 2021 third quarter ended November 1, 2020.
Consolidated net sales decreased by 5.4%, or $8.5 million, compared to the prior year period, while net income increased 157.5%, or $6.2 million. Earnings per diluted share for the quarter increased 154.5% from $0.33 a year ago.
“Our third quarter financial performance is encouraging on many fronts, as the business rebound that began in mid-May continues to gain momentum,” said Paul B. Toms Jr., chairman and chief executive officer. “Consolidated incoming orders were up 33.8% during the quarter, and our consolidated backlog is up 87.5%, both compared to a year ago. While we had a small consolidated sales dip driven by ongoing disruptions in the supply chain fro ....

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