Ethan Allen Interiors Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
April 24, 2024 at 04:31 pm EDT
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Ethan Allen Interiors Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 146.42 million compared to USD 186.32 million a year ago. Net income was USD 12.95 million compared to USD 22.36 million a year ago. Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to USD 0.87 a year ago.
For the nine months, sales was USD 477.59 million compared to USD 604.01 million a year ago. Net income was USD 45.3 million compared to USD 80.4 million a year ago. Basic earnings per share from continuing operations was USD 1.78 compared to USD 3.16 a year ago. Diluted earnings per share from continuing operations was USD 1.77 compared to USD 3.14 a year ago.
Ethan Allen Interiors Inc. is an interior design company, which is a manufacturer and retailer in the home furnishings marketplace. The Company operates through two segments: wholesale and retail. The wholesale segment is involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of the Companyâs broad range of home furnishings and accents. The retail segment sells home furnishings and accents to clients through a network of 139 Company-operated design centers. The Company operates approximately 139 retail design centers with 135 located in the United States and four in Canada. The Company also owns and operates ten manufacturing facilities, including four manufacturing plants, one sawmill, one rough mill and one kiln dry lumberyard in the United States, two manufacturing plants in Mexico and one manufacturing plant in Honduras.
ETHAN ALLEN INTERIORS INC. 
