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Sep 30, 2023
Ethan Allen Q1 2024 Earnings Report
Reported strong operating margins despite sales impacted by July flooding and a softening economy.
Key Takeaways
Ethan Allen reported a decrease in consolidated net sales by 23.6% to $163.9 million due to flooding in Vermont and a slowing economy. Despite these challenges, the company maintained a strong gross margin of 61.1% and an adjusted operating margin of 12.1%. They also generated positive operating cash flow, ending the quarter with $163.2 million in cash and investments and no debt.
Consolidated net sales decreased by 23.6% to $163.9 million.
Gross margin increased to 61.1% from 60.4% year-over-year.
Operating margin was 11.2%, with an adjusted operating margin of 12.1%.
The company ended the quarter with $163.2 million in cash and investments and no debt.
Revenue by Segment
Forward Guidance
While navigating a slower economy and reduced consumer focus on the home, Ethan Allen remains cautiously optimistic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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