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Dec 31, 2022
Ethan Allen Q2 2023 Earnings Report
Reported strong operating results, driven by solid net sales, improved gross margins, and effective cost management.
Key Takeaways
Ethan Allen reported strong Q2 fiscal 2023 results with net sales of $203.2 million, a gross margin of 61.0%, and an operating margin of 18.2%. Adjusted diluted EPS increased by 15.8% to $1.10. The company had $140.4 million in cash and investments with no debt.
Delivered net sales reached $203.2 million, supported by a strong backlog.
Gross margins increased to 61.0%, and operating margins rose to 18.2%.
Adjusted diluted earnings per share grew by 15.8% to $1.10.
Cash and investments totaled $140.4 million with no debt.
Ethan Allen
Ethan Allen
Forward Guidance
Ethan Allen remains cautiously optimistic, supported by its vertically integrated structure, product offerings, retail network repositioning, North American manufacturing investments, and technology and logistics advancements.