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.
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.
Ethan Allen has launched an innovative Virtual Design Center, enhancing client interaction with its extensive product portfolio. This immersive experience features 75 room settings and over 2,000 items, allowing clients to collaborate with designers or browse independently. The platform offers 3D views and web AR options for clients to visualize products in their homes. Partnering with BitReel, the initiative underscores Ethan Allen's commitment to fusing technology with personalized service, providing a modern solution to home design needs.
Ethan Allen Interiors reported strong financial results for Q3 2022, with net sales rising 11.7% to $197.7 million and a gross margin of 60.4%. Diluted EPS surged 59% to $0.97. The company maintains a robust balance sheet with $104.6 million in cash and no debt. Despite strong performance, challenges like inflation and supply chain issues were acknowledged. Ethan Allen's Board declared a 10% increase in the quarterly dividend to $0.32 per share, reflecting confidence in long-term growth amidst market uncertainties.
Ethan Allen Interiors Inc. (NYSE:ETD) has announced a 10% increase in its regular quarterly cash dividend, now at $0.32 per share, payable on May 25, 2022. Shareholders on record by May 10, 2022 will receive this dividend. Chairman Farooq Kathwari highlighted the company's strong balance sheet and vertical integration, with 75% of products made in North America, as key factors enabling this return to shareholders. The company is set to release its fiscal 2022 third quarter financial results on April 28, 2022.
Ethan Allen has launched a new Design Center in Walnut Creek, CA, enhancing client experience through collaboration with professional interior designers. This location showcases the company’s extensive product portfolio using advanced 3D technology for realistic previews. The center aims to improve customer service with complimentary design consultations either in-person or virtually. With 75% of products manufactured in North America, Ethan Allen emphasizes value and competitive delivery in challenging market conditions. The Walnut Creek center operates seven days a week, offering personalized service and a wide range of furnishings.
Ethan Allen Interiors Inc. (NYSE: ETD) will release its financial results for Q3 of fiscal 2022 on April 28, 2022, after market close. A conference call for analysts to discuss these results will take place at 5:00 PM ET the same day, accessible via the Company's Investor Relations website. The Company, a leader in interior design and home furnishings, operates ten manufacturing facilities in North America, with approximately 75% of products made or assembled locally. For further details, visit www.ethanallen.com.
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