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Ethan Allen Interiors Inc - ETD STOCK NEWS

Welcome to our dedicated page for Ethan Allen Interiors news (Ticker: ETD), a resource for investors and traders seeking the latest updates and insights on Ethan Allen Interiors stock.

Ethan Allen Interiors Inc. (ETD) is a prominent U.S.-based company specializing in the manufacturing and retailing of high-quality home furnishings and accessories. Established in 1932 and operating under the Ethan Allen brand name since 1937, the company has built a reputation for providing a comprehensive range of home decorating and design solutions. Through its wholly-owned subsidiary, Ethan Allen Global, Inc., and its extensive retail network, the company caters to diverse markets across North America, Europe, Asia, and the Middle East.

The company's operations are divided into two main segments: Wholesale and Retail. The Wholesale unit encompasses various product categories including case goods, upholstered products, and home accents, with upholstered products being the primary revenue driver. The Retail segment, however, generates the majority of the company's overall revenue and includes over 300 design centers worldwide. Notably, most of Ethan Allen's products are manufactured in its U.S. facilities, ensuring stringent quality control and supporting the local economy.

In recent developments, Ethan Allen Interiors Inc. reported its financial and operational results for the fiscal 2024 first quarter ended September 30, 2023. The company continues to show resilience and adaptability in the competitive home furnishings market. It maintains a strong financial position with strategic partnerships and innovative product offerings that cater to changing consumer preferences.

For investors and stakeholders seeking the latest updates and performance metrics, Ethan Allen provides detailed financial information and reconciliations of non-GAAP financial measures. Key contacts for investor relations, such as Matt McNulty, the Senior Vice President, Chief Financial Officer, and Treasurer, are readily available for inquiries at IR@ethanallen.com.

Overall, Ethan Allen Interiors Inc. stands out as a leader in the home furnishings industry, committed to delivering exceptional quality and design while navigating the evolving market landscape with strategic acumen.

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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. announced a regular quarterly cash dividend of $0.36 per share, payable on November 22, 2023, to shareholders of record at the close of business on November 7, 2023.
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Ethan Allen Interiors Inc. to release Q1 2024 financial results on October 25, 2023.
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Ethan Allen Interiors Inc. provides an update on the flooding impact on its manufacturing facility in Orleans, Vermont. The flooding caused damage to inventory and equipment, resulting in a temporary work stoppage and shipment delays. The estimated losses are around $2.5 million, and net sales are expected to decrease by approximately $15 million in the first quarter of fiscal 2024. The company is working through insurance to recover some of the losses. Despite the challenges, operations have resumed, and 75% of associates are back to work. The state of Vermont has provided a $500,000 grant to support cleanup and restoration efforts.
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FAQ

What is the current stock price of Ethan Allen Interiors (ETD)?

The current stock price of Ethan Allen Interiors (ETD) is $29.98 as of October 14, 2024.

What is the market cap of Ethan Allen Interiors (ETD)?

The market cap of Ethan Allen Interiors (ETD) is approximately 757.7M.

What does Ethan Allen Interiors Inc. specialize in?

Ethan Allen Interiors Inc. specializes in the manufacturing and retailing of high-quality home furnishings and accessories.

When was Ethan Allen founded?

Ethan Allen was founded in 1932 and has been operating under the Ethan Allen brand name since 1937.

What are the main segments of Ethan Allen's operations?

Ethan Allen's operations are divided into two main segments: Wholesale and Retail.

Where are most of Ethan Allen's products manufactured?

Most of Ethan Allen's products are manufactured in its U.S. facilities.

Who is the primary contact for investor relations at Ethan Allen?

The primary contact for investor relations is Matt McNulty, the Senior Vice President, Chief Financial Officer, and Treasurer. He can be reached at IR@ethanallen.com.

Which regions does Ethan Allen operate in?

Ethan Allen operates in North America, Europe, Asia, and the Middle East.

What recent financial results did Ethan Allen report?

Ethan Allen reported its financial and operational results for the fiscal 2024 first quarter ended September 30, 2023.

What type of products generate the most revenue for Ethan Allen's Wholesale segment?

Upholstered products generate the most revenue within Ethan Allen's Wholesale segment.

How extensive is Ethan Allen's retail network?

Ethan Allen has an extensive retail network, including over 300 design centers worldwide.

What makes Ethan Allen a leader in the home furnishings industry?

Ethan Allen is a leader in the home furnishings industry due to its commitment to quality, innovative design, and strategic market adaptability.

Ethan Allen Interiors Inc

NYSE:ETD

ETD Rankings

ETD Stock Data

757.74M
25.42M
9.88%
86.62%
10.64%
Furnishings, Fixtures & Appliances
Wood Household Furniture, (no Upholstered)
Link
United States of America
DANBURY