Ethan Allen reported consolidated net sales of $154.3 million, a gross margin of 60.8%, and an operating income of $17.6 million. The company ended the quarter with $186.4 million in total cash and investments. The Board approved a regular quarterly cash dividend of $0.39 per share.
Consolidated net sales were $154.3 million compared to $163.9 million a year ago.
Operating margin was 11.4%, with an adjusted operating margin of 11.5% compared to 12.1% last year.
Diluted EPS was $0.57 compared to $0.58; adjusted diluted EPS was $0.58.
The company ended the quarter with $186.4 million in total cash and investments and no debt outstanding.
The company looks forward to continued progress and remains cautiously optimistic.
Visualization of income flow from segment revenue to net income