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Ethan Allen reported strong financial and operating results for the fiscal 2024 third quarter, with a robust balance sheet, strong cash dividends, and double-digit operating margin. Despite lower demand post-pandemic, the company is pleased with its performance and sees incremental consumer interest returning to home-related products.
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Ethan Allen Interiors Inc. announced an 8.3% increase in its regular quarterly cash dividend to $0.39 per share, payable on May 23, 2024. Farooq Kathwari, the Chairman, President, and CEO, highlighted the strong balance sheet enabling this return to shareholders.
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Ethan Allen Interiors Inc. (ETD) to release fiscal 2024 third-quarter results on April 24, 2024. Conference call scheduled to discuss financial and operating performance.
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Ethan Allen's upholstery manufacturing operations in Silao, Mexico, have been recognized as 'Empresa Socialmente Responsable' for the fifth consecutive year by the Mexican Center for Corporate Philanthropy and the Alliance for Corporate Social Responsibility. This accolade highlights the company's dedication to socially responsible practices and sustainability, setting a benchmark in Latin America's business landscape. The operation in Silao provides various benefits to its associates, including nutritious meals, transportation, and on-site healthcare services.
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Ethan Allen Interiors Inc. reported its financial and operating results for the fiscal 2024 second quarter, showing lower sales, strong gross and operating margins, and a robust balance sheet. The company highlighted strong consumer focus on the home, high demand, and major sales increases during the pandemic period. Gross margin increased to 60.2%, cash and investments totaled $167.8 million, and inventory levels are down 11.5%. The company also strengthened its balance sheet, returning $137.9 million to shareholders in cash dividends during the pandemic period.
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Ethan Allen Interiors Inc. (ETD) has declared a regular quarterly cash dividend of $0.36 per share, payable on February 22, 2024, to shareholders of record at the close of business on February 6, 2024. Farooq Kathwari, Ethan Allen’s Chairman, President and CEO, expressed satisfaction in continuing to pay regular quarterly cash dividends to shareholders.
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Ethan Allen Interiors Inc. (NYSE: ETD) will release its financial and operating results for the fiscal 2024 second quarter ended December 31, 2023, after the market closes on Wednesday, January 24, 2024. The Company will host a conference call with investors and analysts at 5:00 PM (Eastern Time) to discuss these results. The conference call will be webcast live from the Company’s Investor Relations website. For those unable to listen live, an archived recording of the call will be made available on the Company’s website referenced above for up to six months.
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Ethan Allen (ETH) recently held its company-wide 2023 Virtual Convention, celebrating its culture of constant reinvention as America’s #1 Premium Furniture Retailer. The convention featured a keynote from Chairman, President and CEO Farooq Kathwari, highlighting the strategic repositioning as The Interior Design Destination, commitment to manufacturing high-quality products, and honoring interior designers for achievement in sales and design excellence.
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Ethan Allen (ETH) Hosts Grand Reopening Celebrations, Reinventing as Interior Design Destination
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Ethan Allen Interiors Inc. reports financial results for Q1 2024. Net sales impacted by flooding and economic slowdown. Gross margin remains strong at 61.1%. Company pays special cash dividend and regular quarterly cash dividend. Launches Interior Design Destination initiative. Consolidated net sales decrease by 23.6%. Retail net sales decrease by 27.3%. Wholesale net sales decrease by 13.3%. Consolidated gross margin increases to 61.1%. Operating margin of 11.2% and adjusted operating margin of 12.1%. Diluted EPS decreases to $0.58. Generates $16.7 million of cash from operating activities. Ends quarter with $163.2 million in cash and investments and no debt outstanding.
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Ethan Allen Interiors Inc
NYSE:ETD
ETD Rankings
ETD Stock Data
742.79M
23.52M
9.95%
87.27%
9.19%
Wood Kitchen Cabinet and Countertop Manufacturing
Manufacturing
United States of America
DANBURY
About ETD
ethan allen global, inc. is a leading manufacturer and retailer of quality home furnishings and accessories, offering a full complement of home decorating and design solutions through one of the country's largest home furnishing retail networks. the company was founded in 1932 and has sold products under the ethan allen brand name since 1937.