Workflow
Ethan Allen(ETD)
icon
Search documents
Ethan Allen(ETD) - 2024 Q3 - Quarterly Report
2024-04-24 20:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 25 Lake Avenue Ext., Danbury, Connecticut 06811-5286 (Address of principal executive offices) (Zip Code) (203) 743-8000 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | Common Stock, $0.01 par value | ETD | New York S ...
Ethan Allen(ETD) - 2024 Q3 - Quarterly Results
2024-04-24 20:17
Exhibit 99.1 Ethan Allen Reports Fiscal 2024 Third Quarter Results Highlighted by Robust Balance Sheet, Strong Cash Dividends and Double-Digit Operating Margin; Lower Demand Reflects Post Pandemic Period DANBURY, CT – APRIL 24, 2024 – Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE: ETD), a leading interior design destination, today reported its financial and operating results for the fiscal 2024 third quarter ended March 31, 2024. Farooq Kathwari, Ethan Allen's Chairman, President and CEO ...
2 Retail Home Furnishing Stocks to Watch Despite Industry Woes
Zacks Investment Research· 2024-04-23 16:41
Although improved housing market conditions and increasing consumer confidence are encouraging, the Fed’s decision to hold interest rates steady and consumers’ cautious approach for future business conditions are concerns for the Zacks Retail-Home Furnishings industry players. Continued investments in e-commerce and higher raw material costs in the home furnishing market are added headwinds. However, consumers’ increasing desire for shopping, efficient cost management, a persistent focus on product innovati ...
Ethan Allen Increases Regular Quarterly Cash Dividend by 8.3%
Newsfilter· 2024-04-22 20:05
DANBURY, CT, April 22, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE:ETD) announced today that its Board of Directors declared and increased the regular quarterly cash dividend to $0.39 per share, payable on May 23, 2024, to shareholders of record at the close of business on May 7, 2024. Farooq Kathwari, Ethan Allen's Chairman, President and CEO commented, "We are pleased to increase our regular quarterly cash dividend by 8.3% to $0.39 per share. The Board's deci ...
For 5th Consecutive Year, Ethan Allen Upholstery Plant Recognized as Environmentally & Socially Responsible
Newsfilter· 2024-02-29 14:17
DANBURY, Conn., Feb. 29, 2024 (GLOBE NEWSWIRE) -- For the fifth year in a row, the Mexican Center for Corporate Philanthropy and the Alliance for Corporate Social Responsibility has recognized Ethan Allen's upholstery manufacturing operations in Silao, Guanajuato, Mexico, as "Empresa Socialmente Responsible" (Environmentally and Socially Responsible). The recognition is awarded to companies that implement socially responsible management and sustainability commitments, thus positioning themselves as leaders ...
Ethan Allen(ETD) - 2024 Q2 - Earnings Call Transcript
2024-01-25 00:23
Financial Data and Key Metrics Changes - Consolidated net sales totaled $167.3 million, reflecting lower delivered unit volume and reduced manufacturing from lower backlogs [10] - Consolidated gross margin was 60.2%, marking the 11th consecutive quarter exceeding 58% [13] - Adjusted operating margin was 12.8%, impacted by lower sales and gross margin erosion [14] - SG&A expenses decreased by 9.1%, equating to 47.3% of net sales, up from 42.9% last year [15] - Adjusted diluted EPS was $0.67, with an effective tax rate of 25.5% [15][16] Business Line Data and Key Metrics Changes - Wholesale segment written orders decreased by 10.9%, while retail segment written orders were down 9.4% [11] - The wholesale backlog ended at $54.9 million, near pre-pandemic levels [11] Market Data and Key Metrics Changes - The home furnishings market continued to soften, impacting written order trends and design center traffic [10] - Customer lead times improved due to increased production in Vermont, which operated at approximately 75% capacity [12] Company Strategy and Development Direction - The company is repositioning its design centers throughout North America to strengthen its retail network and focus on interior design [21] - Plans to introduce new products as supply chain improvements are realized [21] - Marketing expenses have been reduced to 2% of net sales, down from 4% prior to the pandemic [22] Management Comments on Operating Environment and Future Outlook - Management noted a return to pre-pandemic levels of consumer focus on home furnishings, with cautious optimism for future sales [30] - The company is well-positioned to navigate the post-pandemic environment, despite challenges in the broader market [30] Other Important Information - The company ended the quarter with cash and investments of $167.8 million and no outstanding debt [16] - A regular quarterly cash dividend of $0.36 per share was declared, reflecting a commitment to returning value to shareholders [17] Q&A Session Summary Question: Variance across the country in terms of volume and results - Management indicated that results were consistent across the country, with no significant regional differences [33] Question: Consumer focus on home and traffic trends - Management observed increased consumer interest in home furnishings in December, indicating a positive trend [35] Question: Impact of floor sample sales on revenue and margin - Management acknowledged that selling floor samples impacted both revenue and margins, but noted that this was largely resolved [40] Question: New products and changes in product assortment - Management plans to introduce new products while utilizing technology to enhance design capabilities [48] Question: Recent trends and weather impact - Weather has affected sales, with better performance in regions not impacted by severe weather [55] Question: Updates on delayed sales due to flooding - Approximately 25% to 35% of delayed sales from the flood were delivered in the December quarter, with the remainder expected to flow through in the upcoming quarter [63] Question: Cost perspective on input costs and materials - Management noted that while transportation costs have fluctuated, the company is less impacted due to its North American manufacturing focus [70]
Ethan Allen(ETD) - 2024 Q2 - Quarterly Report
2024-01-23 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Securities registered pursuant to Section 12(b) of the Act: | Common Stock, $0.01 par value | ETD | New York Stock Exchange | | -- ...
Ethan Allen(ETD) - 2024 Q1 - Earnings Call Transcript
2023-10-26 02:14
Ethan Allen Interiors Inc. (NYSE:ETD) Q1 2024 Earnings Conference Call October 25, 2023 5:00 PM ET Company Participants Matt McNulty - Senior Vice President, Chief Financial Officer and Treasurer Farooq Kathwari - Chairman, President and CEO Conference Call Participants Budd Bugatch - Water Tower Research Cristina Fernandez - Telsey Advisory Group Zach Donnelly - KeyBanc Operator Good afternoon. And welcome to the Ethan Allen Fiscal 2024 First Quarter Analyst Conference Call. [Operator Instructions] Please ...
Ethan Allen(ETD) - 2024 Q1 - Quarterly Report
2023-10-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-11692 Ethan Allen Interiors Inc. (Exact name of registrant as specified in its charter) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Delaware 06-127 ...
Ethan Allen(ETD) - 2023 Q4 - Annual Report
2023-08-23 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-11692 | ETHAN ALLEN | | --- | Ethan Allen Interiors Inc. (Exact name of registrant as specified in its charter) Delaware 06-1275288 (State or other ju ...