Board Member
Haverty Furniture Companies Inc (HVT)Equibles does not estimate personal net worth.
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Get HVT alertsClarence Smith is recorded as Board Member at Haverty Furniture Companies Inc (HVT) since January 1, 1989. Haverty Furniture Companies Inc reported in an 8-K filed November 12, 2024 that Clarence Smith retired as chief executive officer, effective January 1, 2025. The proxy statement of Haverty Furniture Companies Inc reports total compensation of $1,747,309 for Clarence Smith in fiscal 2025, including a base salary of $600,000. Disclosed compensation is on record for 9 fiscal years. Clarence Smith has spoken on 18 earnings calls across 1 company, most recently for Haverty Furniture Companies Inc on October 30, 2024. Haverty Furniture Companies Inc is classified in the Home Improvement Retail industry within the Consumer Cyclical sector. Other leadership on record at Haverty Furniture Companies Inc includes Clarence H. Smith (CEO, Chairman and Board Member), Steven G. Burdette (CEO and Board Member), Richard Hare (CFO) and 7 others.
“Clarence H. Smith, Havertys’ chief executive officer and chairman will retire from his position as chief executive officer and will continue his service on the Board as executive chairman.”
“Consolidated sales were $175.9 million, down 20.2% from last year. Earnings per common share were $0.29 versus $1.02. We are seeing a cautious consumer and we were impacted by the two hurricanes hitting our regions.”
“Total sales were $178.6 million, down 13.4% from last year, but an improvement over the 18.1% decline in the first quarter. We've been proactive in reducing costs where appropriate, and that has helped us produce a pretax profit of $6.5 million.”
“Our Q1 sales were down 18.1% to $184 million, with comparable store sales down 18.5%. Total written sales were down 12.6%. We continued with strong gross margins at 60.3% and controlled costs, which allowed us to produce a pretax profit of $3.2 million compared to $15.4 million in last year's Q1.”
“Our fourth quarter sales were $210.7 million, down 24.9%. Total written sales were down 13.1% and written comp-store sales declined 14.3% for the quarter. Total sales for the year were $862 million and $132 million, down 17.7% from 2022.”
“Our net sales of $220.3 million were down 19.7% over last year with comparable store sales down 20.7%. Total written sales were down 11.5% and written comp-store sales declined 12.6%.”
1989-01-01–present
Start not stated–2025-01-01
Home Improvement Retail · Consumer Cyclical
Board Member
1989-01-01–present
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Haverty Furniture Companies Inc (HVT) | Executive Chairman | $600,000 | $1,747,309 |
| 2024 | Haverty Furniture Companies Inc (HVT) | Executive Chairman | $760,000 | $2,604,854 |
| 2023 | Haverty Furniture Companies Inc (HVT) | Executive Chairman | $760,000 | $2,887,694 |
| 2022 | Haverty Furniture Companies Inc (HVT) | Executive Chairman | $725,000 | $2,679,191 |
| 2021 | Haverty Furniture Companies Inc (HVT) | Chairman and Chief Executive Officer | $690,000 | $3,161,832 |
| 2020 | Haverty Furniture Companies Inc (HVT) | CEO^(a)(b)^ | $601,938 | $2,437,008 |
| 2019 | Haverty Furniture Companies Inc (HVT) | CEO^(a)^ | $660,000 | $1,640,000 |
| 2018 | Haverty Furniture Companies Inc (HVT) | CEO^(a)^ | $660,000 | $1,775,553 |
| 2017 | Haverty Furniture Companies Inc (HVT) | President and CEO | $650,000 | $1,687,292 |
