Earnings Report for After-Hours Trading on November 18, 2025: DLB, POWL, GBDC, QFIN, SQM, SBLK, LZB, VREX, CCIF
Earnings Reports Overview: Several companies, including Dolby Laboratories, Powell Industries, and Golub Capital BDC, are set to report earnings for the quarter ending September 30, 2025, with varying forecasts indicating decreases in earnings per share compared to the previous year.
Performance Expectations: Despite expected declines in earnings, companies like Dolby and Powell have consistently beaten earnings expectations in the past year, suggesting potential resilience in their performance.
Industry Comparisons: The Price to Earnings (P/E) ratios for these companies indicate that they are expected to have higher earnings growth compared to their industry peers, with Dolby and Powell showing ratios above their respective industry averages.
Notable Increases and Decreases: Sociedad Quimica y Minera S.A. is projected to see a significant increase in earnings, while Star Bulk Carriers Corp. and La-Z-Boy Incorporated are expected to report substantial decreases in earnings per share compared to the same quarter last year.
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- Sales Growth: La-Z-Boy reported total delivered sales of $542 million in Q3, marking a 4% year-over-year increase, with the retail segment seeing an 11% rise, indicating strong performance in retail and enhancing market competitiveness.
- New Store Openings: The company opened 4 new company-owned stores this quarter, bringing the total to 16 over the past 12 months, despite closing 4, demonstrating ongoing efforts to expand its retail network and improve market coverage and customer touchpoints.
- Financial Performance: GAAP operating income was $30 million, with adjusted operating income at $33 million, and operating margins of 5.5% and 6.1%, reflecting the effectiveness of investments in distribution and home delivery transformation projects, despite macroeconomic challenges.
- Future Outlook: The company expects Q4 sales to range between $560 million and $580 million, with adjusted operating margins of 7.5% to 9%, indicating cautious optimism for future markets, while planning to open 5 additional company-owned stores in Q4 to further strengthen market positioning.
- Sales and Earnings Beat: La-Z-Boy's fiscal Q3 2026 report revealed an actual EPS of $0.61 and sales of $541.6 million, surpassing analyst expectations of $0.59 and $535.4 million; however, the stock still dropped 7.3%, indicating a negative market reaction.
- Retail vs. Wholesale Performance: While overall sales grew 4% year-over-year, retail sales surged 11%, but wholesale only increased by 1%, suggesting that La-Z-Boy's strong retail performance could not offset the weakness in wholesale, impacting overall profitability.
- GAAP vs. Non-GAAP Profit Discrepancy: La-Z-Boy reported a GAAP EPS of $0.52, lower than the non-GAAP figure of $0.61, with GAAP profits declining 24%, highlighting challenges in cost control and profit margins as operating profit margin contracted to 5.5%.
- Free Cash Flow Growth: Despite profit pressures, La-Z-Boy generated $119 million in free cash flow in the first nine months of fiscal 2026, up 61% year-over-year, and expects Q4 revenue to rise to at least $560 million, indicating a positive outlook for cash flow management.
- Quarterly Dividend Announcement: La-Z-Boy declares a quarterly dividend of $0.242 per share, consistent with previous distributions, indicating the company's stability in the current economic climate, which is likely to attract income-seeking investors.
- Dividend Yield: The forward yield of 2.55% reflects the company's ongoing commitment to its dividend policy, potentially enhancing investor confidence in its long-term investment value.
- Payment Schedule: The dividend will be payable on March 13, with a record date of March 3 and an ex-dividend date also on March 3, providing shareholders with a clear timeline that aids in financial planning.
- Performance Analysis: Despite La-Z-Boy's FQ3 sales reaching $542 million, exceeding expectations, disappointing profits and guidance may impact market confidence, necessitating close attention to the company's future adjustment strategies.
- Strong Earnings Performance: La-Z-Boy reported a Q3 non-GAAP EPS of $0.61, beating expectations by $0.02, which reflects the company's robust profitability and boosts investor confidence.
- Stable Revenue Growth: The company achieved $542 million in revenue for Q3, a 3.8% year-over-year increase that exceeded market expectations by $6.57 million, indicating sustained demand for its products and reinforcing its market position.
- Significant Cash Flow Improvement: La-Z-Boy generated $89 million in cash from operating activities this quarter, a 57% increase compared to the same period last year, enhancing liquidity and providing funding for future investments.
- Ongoing Shareholder Returns: The company returned approximately $24 million to shareholders in Q3, including $10 million in dividends and $14 million in share repurchases, demonstrating its commitment to shareholders and financial health.
- Sales Growth Highlight: La-Z-Boy achieved double-digit sales growth in its retail segment and marked its seventh consecutive quarter of growth in its core North American wholesale business, resulting in a 4% increase in total sales for Q3, exceeding Wall Street expectations by $6.57 million, indicating strong performance in the retail market.
- Profit Decline Impact: Despite the sales beat, per-share profits fell 10% to $0.61, down from $0.68 a year ago, and the company's conservative guidance for Q4 led to a lackluster performance in after-hours trading, reflecting market caution regarding future earnings.
- Cash Flow and Investment: La-Z-Boy generated $89 million in cash from operating activities, a 57% increase year-over-year, ending the quarter with $306 million in cash and no external debt, showcasing robust financial health while investing $18 million primarily in new stores and remodels.
- Strategic Execution Results: The company realized an 11% increase in written and delivered sales in its retail segment, aided by the addition of four new company-owned stores, although wholesale sales saw a modest 1% increase, indicating that effective strategic execution is laying the groundwork for future growth.
- Earnings Announcement: La-Z-Boy (LZB) is set to release its Q3 earnings on February 16 after market close, with consensus EPS estimate at $0.59, reflecting a 13.2% year-over-year decline, while revenue is expected to reach $535.43 million, indicating a 2.6% year-over-year increase.
- Historical Performance: Over the past two years, LZB has surpassed EPS estimates 63% of the time and revenue estimates 75% of the time, demonstrating the company's financial stability and market confidence.
- Estimate Adjustments: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates also experienced two upward revisions and one downward revision, indicating a cautiously optimistic market outlook for the company's future performance.
- Strategic Growth Plans: La-Z-Boy has set a Q3 sales target between $525 million and $545 million, aiming to drive growth through strategic exits and a significant retail acquisition, showcasing the company's proactive approach in a competitive market.






