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Ethan Allen Interiors reported robust financial results for the fourth quarter and fiscal year ended June 30, 2021, with consolidated net sales increasing by 94.7% to $178.3 million. The diluted EPS was $0.71, a significant turnaround from a loss of $0.48 last year. Full fiscal year net sales reached $685.2 million, up 16.2%, with cash from operations generated at $129.9 million. The company repaid all debt, increased its quarterly dividend by 19%, and announced a special cash dividend of $0.75. Challenges remain with supply chain disruptions.
Ethan Allen Interiors Inc. announced a change of its ticker symbol from ETH to ETD, effective August 16, 2021. This decision, according to Chairman Farooq Kathwari, aims to emphasize the company’s focus on interior design and to avoid confusion with Ethereum, which is also abbreviated as ETH. Shareholders do not need to take any action regarding this change, as the company will continue to trade on the NYSE under the new symbol. Ethan Allen is a prominent player in the home furnishings market, offering complimentary design services and manufacturing a majority of its products in North America.
Ethan Allen Interiors has declared a special cash dividend of $0.75 per share alongside a quarterly cash dividend of $0.25. Both dividends are payable on August 31, 2021, to shareholders on record as of August 17, 2021. The company reported a remarkable performance in fiscal 2021, with a 94.7% increase in consolidated net sales and a 105.0% rise in retail segment written orders. The CEO expressed optimism for future growth, highlighting the company’s robust infrastructure and strong market position.
Ethan Allen Interiors Inc. (NYSE: ETH) has provided significant updates regarding its performance amidst challenges such as the COVID-19 pandemic. For Q4 2021, the company reported consolidated net sales of $178.3 million, an increase of 94.7% year-over-year, with retail segment written orders rising 105.0%. Adjusted diluted EPS is projected between $0.72 and $0.74, improving from ($0.15) last year. Ethan Allen ended the fiscal year with $104.6 million in cash and no debt, reflecting a robust balance sheet.
Ethan Allen Interiors Inc. (NYSE: ETH) reported strong financial results for Q3 FY 2021, with GAAP EPS of $0.61, a significant increase from $(0.01) in Q3 FY 2020. Adjusted EPS rose to $0.58 from $0.02. Key highlights include a 51.8% growth in written retail orders and 18.2% increase in net sales to $177 million. The company ended the quarter with $109 million in cash, no borrowings, and announced a special dividend of $0.75 alongside a regular dividend of $0.25. Operating margins improved notably, reflecting recovery from pandemic-related challenges.
Ethan Allen has declared a $0.75 special cash dividend and a $0.25 regular quarterly cash dividend to shareholders of record as of May 11, 2021, both payable on May 25, 2021. Chairman and CEO Farooq Kathwari emphasized the company's strong sales growth and solid balance sheet, reflecting confidence in ongoing expansion. The retail segment's written orders surged 51.8% compared to the previous year, indicating robust demand. The upcoming fiscal third-quarter results will further illuminate the company’s performance.
Ethan Allen Interiors reported a strong performance for its fiscal third quarter ending March 31, 2021. Written orders in the retail segment surged by 51.8% year-over-year, while wholesale orders rose 39.0%, excluding government orders. Consolidated net delivered sales reached $177.0 million, an 18.2% increase. Adjusted diluted EPS is projected to be between $0.56 and $0.58, a significant jump from $0.02 in the previous year. With $109.0 million in cash and no borrowings, the company focuses on production growth to meet demand.
Ethan Allen has enhanced its market presence by relocating and redesigning several Design Centers in the past year, strengthening its North American manufacturing, which accounts for 75% of its products. New locations include San Mateo, Green Bay, Oxnard, Towson, Alpharetta, and Portland. The company emphasizes combining technology with personalized service, showcasing its interior design capabilities. CEO Farooq Kathwari expresses optimism in the company’s direction, focusing on relevant products and continued expansion of its Design Center concept to enhance client service.
Ethan Allen Interiors reported strong second-quarter results for fiscal 2021, ending December 31, 2020. The company's diluted EPS rose to $0.67, reflecting a 148.1% increase. Consolidated net sales reached $178.8 million, up 2.4% year-over-year, driven by significant growth in retail and wholesale written orders, growing 44.9% and 28.1%, respectively. The company maintained a robust balance sheet with $80 million in cash and no debt, and achieved a consolidated operating margin of 12.6%. Despite ongoing COVID-19 challenges affecting production, Ethan Allen remains optimistic about continued growth.
Ethan Allen Interiors Inc. (NYSE:ETH) has declared a quarterly cash dividend of $0.25 per share, payable on April 22, 2021 to shareholders recorded by April 8, 2021. The company also reported a 44.9% increase in written orders and a 150% rise in earnings per share for the fiscal 2021 second quarter. CEO Farooq Kathwari emphasized strong customer demand and growth opportunities due to their extensive retail network and manufacturing capabilities, with 75% of products made in North America.
