Ethan Allen Q3 2021 Earnings Report
Key Takeaways
Ethan Allen reported a strong Q3 2021 with significant growth in written orders and net sales. The company achieved GAAP EPS of $0.61 and adjusted EPS of $0.58, a substantial improvement compared to the prior year. They also ended the quarter with over $100 million in cash and declared a special dividend of $0.75 in addition to the regular quarterly dividend of $0.25.
Diluted EPS was $0.61, compared to $(0.01) in the prior year; adjusted EPS was $0.58, compared to $0.02.
Consolidated operating margin was 10.7%, compared with -0.5%; adjusted operating margin was 11.1%, compared with 0.2%.
Retail segment written order growth increased by 51.8%.
Consolidated net delivered sales increased 18.2% to $177.0 million.
Ethan Allen
Ethan Allen
Forward Guidance
No specific forward guidance was provided in the earnings report.