Business
Ethan Allen Reports Positive Fiscal 2025 Third Quarter Results Despite Challenging Environment
DANBURY, CT, May 05, 2025 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD), a leading interior design destination, today reported its results for the fiscal 2025 third quarter ended March 31, 2025. Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “Our vertically integrated enterprise, including our interior design retail network, relevant product offerings and ability to manufacture about 75% of our furniture in our own North Americ
About this update from Ethan Allen Interiors Inc.
[{"type":"image","alt":"Ethan Allen","displaySize":"","headline":null,"caption":"Ethan Allen","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":28,"url":"https://media.zenfs.com/en/globenewswire.com/49112dcf939ee270d59784deeac73f15"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/F4cu3SAYHZSb.tSofi8vjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM5O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/49112dcf939ee270d59784deeac73f15","width":300,"height":28}},"lazy":false},{"type":"text","content":"DANBURY, CT, May 05, 2025 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD), a leading interior design destination, today reported its results for the fiscal 2025 third quarter ended March 31, 2025.","length":240,"tagName":"p"},{"type":"text","content":"Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “Our vertically integrated enterprise, including our interior design retail network, relevant product offerings and ability to manufacture about 75% of our furniture in our own North American facilities, has provided us a strategic advantage.”","length":313,"tagName":"p"},{"type":"text","content":"“We are pleased with our third quarter results, which produced a strong gross margin, positive operating cash flow and total cash and investments of $183.0 million with no outstanding debt. These results reflect our ability to operate in an industry faced with reciprocal and retaliatory tariffs, uncertainty in the economy, elevated interest rates and a challenging housing market, that together, have impacted consumer confidence and interest in the home,” continued Mr. Kathwari.","length":482,"tagName":"p"},{"type":"text","content":"“For the quarter ended March 31, 2025, we reported consolidated net sales of $142.7 million, gross margin of 61.2%, adjusted operating income of $11.3 million, adjusted operating margin of 8.0% and adjusted diluted EPS of $0.38. We generated $10.2 million in cash from operations, which helped us grow our total cash and investments by $1.9 million from a year ago. We continued our history of returning capital to shareholders by paying a regular quarterly cash dividend of $10.0 million during the third quarter and are pleased to announce that today our Board approved a regular quarterly cash dividend of $0.39 per share, payable on May 29, 2025....