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Jun 30, 2021
Ethan Allen Q4 2021 Earnings Report
Reported strong Q4 2021 results with significant net sales growth and improved profitability.
Key Takeaways
Ethan Allen reported a strong fourth quarter and fiscal year, with net sales increasing by 94.7% in Q4 and diluted EPS reaching $0.71. The company benefited from strategic changes, capacity expansion, and technology enhancements, leading to improved operating leverage and strong cash generation. Demand remained strong, driven by high written orders in both wholesale and retail segments.
Consolidated net sales increased by 94.7% to $178.3 million.
Diluted EPS reached $0.71, compared to a loss of $0.48 in the previous year.
Wholesale net sales increased by 106.2%, while retail net sales rose by 113.0%.
The company generated $27.8 million in cash and had $104.6 million in cash on hand with no debt outstanding.
Revenue by Segment
Forward Guidance
The company is focused on increasing capacity, delivering product, and investing in technology to drive future growth and enhance the customer experience. They believe they have a great opportunity to continue growth in sales and profitability due to their dedicated team, vertically integrated structure, and the personal service of interior design professionals combined with technology.
Positive Outlook
- Continuing to increase capacity
- Delivering product
- Making investments in technology throughout the Company
- Drive future growth
- Enhance the customer experience
Historical Earnings Impact
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Avg. Return Before/After Earnings
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