Oct. 15 at 8:32 PM
Basset: Momentum Builds with Return to Growth & Strong Balance Sheet
🔹 Revenue up 5.9% to
$80.1M, marking the second straight quarter of year-over-year growth
🔹 Gross margin surged 320 bps and operating profits turned positive at
$0.6M, reflecting cost-cutting success.
🔹 Wholesale & retail segments both grew, led by Custom Upholstery (+11.6%) and new Asian wood lines gaining traction.
🔹 Strong balance sheet: No debt,
$54.6M cash, and positive free cash flow with improving operating leverage.
With restructuring complete and sales momentum returning, Bassett (BSET) is positioned for continued recovery and margin stability.
https://www.watertowerresearch.com/doc?docID=UR_BSET_10102025
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