Stanley Furniture (STLY)

Stanley Furniture (STLY) gave guidance for 2008 during its conference call held yesterday.

Full Year

1) 2008 net sales in the range of $255 million to $268 million.

2) Operating income is expected to be in the range of $9 million to $12 million.

3) Earnings per share are expected to be in the range of $0.40 to $0.60 per share and that excludes a charge to earnings of about $0.06 for a manufacturing charge.

The guidance excludes any funds received from the Continued Dumping and Subsidy Offset Act of 2000 (CDSOA).

First Quarter 2008

1) Sales are expected to be in the range of $62 million to $66 million.

2) Operating income is expected to be in the range of $2.3 million to $3 million, excluding a pre-tax charge $400,000 for the manufacturing consolidation.

3) Earnings per share are expected to be in the range of $0.10 to $0.15, excluding a restructuring charge of about $0.03.



The stock is down from a peak of around $30 a share reached in mid 2005.

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