Ethan Allen Interiors Inc. (ETD) Tops Q1 EPS by 15c

Ethan Allen Interiors Inc. (NYSE: ETD) reported Q1 EPS of $0.80, $0.15 better than the analyst estimate of $0.65. Revenue for the quarter came in at $182.3 million versus the consensus estimate of $183.65 million.

Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We are pleased to report sales growth of 20.7%, gross margin increasing to 59.9% and operating margin of 15.0%, resulting in diluted EPS of $0.79 and adjusted EPS of $0.80 compared with an adjusted EPS of $0.36 in the prior year, an increase of 122.2%. During the quarter we paid a special cash dividend of $0.75 per share and a regular quarterly cash dividend of $0.25 per share and ended the quarter with cash on hand of $93.7 million and no bank debt.”

Mr. Kathwari continued, “Our vertically integrated structure, including 75% of our products being made in our North American manufacturing workshops, provides us a unique opportunity to grow and better serve our clients. The combination of the personal service of our in-house interior designers and the increasing use of technology is a major factor in our growth.”

For earnings history and earnings-related data on Ethan Allen Interiors Inc. (ETD) click here.

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