Ethan Allen Interiors Inc. (ETD) Raises Quarterly Dividend 12.5% to $0.36; 5.4% Yield

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Go back to Ethan Allen Interiors Inc. (ETD) Raises Quarterly Dividend 12.5% to $0.36; 5.4% Yield

Ethan Allen Reports Strong Fiscal 2023 Third Quarter Operating Results and Increases Regular Quarterly Cash Dividend by 13%

April 26, 2023 4:05 PM EDT

DANBURY, CT, April 26, 2023 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (Ethan Allen or the Company) (NYSE: ETD) today reported its financial and operating results for the fiscal 2023 third quarter ended March 31, 2023.

Farooq Kathwari, Ethan Allens Chairman, President and CEO commented, We are pleased with our third quarter operating performance. We delivered consolidated net sales of $186.3 million, gross margin of 59.9%, operating margin of 15.5% and net income of $22.4 million. Our adjusted diluted earnings per share of $0.86 remained strong. We continue to generate strong operating cash flow and as of March 31, 2023, we had total cash... More