Ethan Allen Interiors Inc Stock Price, News & Analysis

Ethan Allen Interiors Inc. (NYSE: ETD) announced a quarterly cash dividend of $0.32 per share, payable on January 4, 2023, with a record date of December 7, 2022. Chairman Farooq Kathwari expressed satisfaction with the company's strong performance and robust balance sheet, which supports shareholder returns. Celebrating 90 years in the industry, Ethan Allen remains focused on enhancing its position as an interior design destination while maintaining a vertically integrated structure.

Ethan Allen has relocated its Skokie Design Center to a new 6,050-square-foot space at The Shops at Orchard Place, emphasizing collaboration with a modern layout. The updated design features advanced technology for 3D presentations, showcasing a commitment to blending personal service with innovative tools. Chairman and CEO Farooq Kathwari highlighted the importance of customization and the brand's strength in North American manufacturing. The new center supports the company's growth in interior design, offering clients enhanced experiences and access to various fabric and finish samples.

Ethan Allen Interiors reported strong fiscal 2023 Q1 results, with sales up 17.7% to $214.5 million and diluted EPS rising 48.1% to $1.17. The company generated operating cash flow of $38.4 million and returned $20.9 million to shareholders. Gross margins improved to 60.4% due to increased retail sales and efficient operations. Despite a decline in some order segments, the company maintains a strong balance sheet with $142.4 million in cash and no debt. Ethan Allen continues to focus on enhancing its vertically integrated structure and expanding its North American manufacturing.

Ethan Allen Interiors Inc. (NYSE: ETD) will release its fiscal 2023 Q1 financial results on October 26, 2022, after market close. The company will host a conference call to discuss these results at 5:00 PM ET, accessible via the Investor Relations website. Ethan Allen is a leading luxury home furnishings brand, offering a range of products and complimentary interior design services. Approximately 75% of its products are manufactured in North America, emphasizing quality and personalized service.

Ethan Allen Interiors reported strong financial results for FY 2022, with fourth quarter sales of $229.7 million, up 28.8% year-over-year. Diluted EPS reached a record $1.23, a 73.2% increase compared to the previous year. For the full year, sales rose 19.4% to $817.8 million, and diluted EPS increased 70.9% to $4.05. The company declared a special cash dividend of $0.50 and a quarterly dividend of $0.32, both payable by August 30, 2022. Ethan Allen ended the fiscal year with a robust balance sheet, including $121.1 million in cash and no debt.

Ethan Allen Interiors Inc. (NYSE:ETD) announced a $0.50 special cash dividend alongside a regular quarterly cash dividend of $0.32 per share, both payable on August 30, 2022. Shareholders of record by August 16, 2022 will benefit from this distribution. Chairman Farooq Kathwari emphasized the company's commitment to returning capital to shareholders. Detailed financial results for the fourth quarter and full fiscal year ending June 30, 2022, are set to be released tomorrow.

Ethan Allen Interiors Inc. (NYSE: ETD) is set to release its financial results for the fourth quarter and full fiscal year ending June 30, 2022, on August 3, 2022, after market close. The company will conduct an analyst conference call at 5:00 PM ET on the same day to discuss these results, accessible via its Investor Relations website. With manufacturing facilities across the U.S., Mexico, and Honduras, Ethan Allen emphasizes artisanal quality and personalized service, differentiating itself in the upscale home furnishings market.