GURUFOCUS.COM » STOCK LIST » USA » OTCPK » HG Holdings Inc (OTCPK:STLY) » Definitions » Net Income
Switch to:

HG Holdings (OTCPK:STLY) Net Income

: $3.52 Mil (TTM As of Mar. 2023)
View and export this data going back to 1992. Start your Free Trial

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. HG Holdings's Net Income for the three months ended in Mar. 2023 was $-0.80 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was $3.52 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. HG Holdings's Earnings per Share (Diluted) for the three months ended in Mar. 2023 was $-0.28.


HG Holdings Net Income Historical Data

The historical data trend for HG Holdings's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

HG Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.44 0.17 0.06 2.76 3.74

HG Holdings Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.58 -0.36 2.86 1.82 -0.80

HG Holdings Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

HG Holdings's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=3.683+-0.024+0+0.081
=3.74

HG Holdings's Net Income for the quarter that ended in Mar. 2023 is calculated as

Net Income(Q: Mar. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.829+-0.009+0+0.039
=-0.80

Net Income for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.52 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


HG Holdings  (OTCPK:STLY) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

HG Holdings's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


HG Holdings Net Income Related Terms

Thank you for viewing the detailed overview of HG Holdings's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


HG Holdings (OTCPK:STLY) Business Description

HG Holdings logo
Traded in Other Exchanges
N/A
Address
2115 East 7th Street, Suite 101, Charlotte, NC, USA, 28204
HG Holdings, Inc, together with its consolidated subsidiaries, operates through its wholly owned subsidiarie. The Company engages in the business of providing title insurance through the subsidiary NCTIC and providing title agency services through the subsidiaries NCTG, TAV, and Omega. Through NCTIC, the Company underwrites land title insurance for owners and mortgagees as the primary insurer. The Company currently only provides title insurance services in the state of Florida.
Executives
Justin Hayles Edenfield officer: Prin. Accting & Fin. Officer 6265 OLD WATER OAK ROAD, SUITE 204, TALLAHASSEE FL 32312
Peter Mark Sherman director 4409 MICKLETON ROAD, CHARLOTTE NC 28226
Matthew Hultquist director ONE CORPORATE CENTER, RYE NY 10580
Bradley G Garner officer: CFO and CAO 2115 E. 7TH STREET, SUITE 101, CHARLOTTE NC 28211
Hale Partnership Fund, L.p. 10 percent owner 3335 PARK SOUTH STATION BLVD., CHARLOTTE NC 28210
Hale Partnership Capital Management, Llc 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Hale Steven A Ii director, 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Matthew Wood Smith officer: Interim Chief Exec. Officer 200 N. HAMILTON STREET, HIGH POINT NC 27260
Solas Capital Management, Llc 10 percent owner 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Tucker Golden Frederick 10 percent owner C/O SOLAS CAPITAL MANAGEMENT, LLC, 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Talanta Investment Group, Llc director, 10 percent owner 401 N. TRYON STREET, 10TH FLOOR, CHARLOTTE NC 28202
Justyn Rendal Putnam director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Jeffrey Stuart Gilliam director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Ian Dundee Lapey director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Wimmer Anita W Mrs officer: Vice President - Finance 2115 E. 7TH STREET, SUITE 101, CHARLOTTE NC 28211