Furniture Brands International (NYSE:FBN) today announced financial results for the third quarter ended September 29, 2012.

Furniture Brands International, a leading importer and manufacturer of wood and upholstered furniture, received warning that it must improve its stock price or risk being delisted from the new York Stock Exchange (NYSE).

Despite a 3.6% drop in net sales to $287.3 million, Furniture Brands International reported a net earnings gain of $379,000 for the first quarter 2012, up significantly from the $3.1 million loss recorded in the same time period a year ago.

Following a third quarter sales decline of 5.1% to $258 million compared to 2010 figures, Furniture Brands Intl revealed cost reduction actions for the quarter to offset the deficit included the layoff of 3.5 percent of its 8,700 member workforce during the time period.

Furniture Brands International reports a $24.5 million net loss, 10 times higher than in Q3 2010. Sales fell 5.1 percent.

Furniture Brands International (NYSE: FBN), investing in SAP computer systems and off shore manufacturing, said sales rose $296.2 million, an increase of 2.3% versus the second quarter of 2010, but its net loss increased to $6.6 million.

Manufacturer and retailer Furniture Brands International said it is "on track" for the opening of an Indonesian plant third quarter, as it reported first quarter sales fell 7.6 percent to $297.9 million for its brands including Broyhill, Lane, Thomasville and Drexel Heritage, among others.

ST. LOUIS -- Furniture Brands International plans to develop an existing facility in Merida, on Mexico's Yucatan Peninsula, to provide cut-and-sew kits for its U.S.-based upholstery operations.

Furniture Brands International says announced that it has taken several steps to broaden its sourcing options for casegoods customers that it serves in the contract and ready-to-assemble (RTA) businesses.