NYSE$ETD

Ethan Allen Interiors Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong sales growth and increased profitability.

Ethan Allen reported a strong first quarter for fiscal year 2022, with a 20.7% increase in sales, a gross margin of 59.9%, and an operating margin of 15.0%. Diluted EPS was $0.79, and adjusted EPS was $0.80, a 122.2% increase compared to the prior year. The company ended the quarter with $93.7 million in cash and no bank debt.

  • Consolidated net sales increased 20.7% to $182.3 million.
  • Retail net sales increased 31.3% to $155.0 million.
  • Wholesale net sales increased 12.4% to $109.4 million.
  • Adjusted diluted EPS increased 122.2% to $0.80 compared to $0.36.

Headline financials

Total Revenue

$182M

Previous: $151M+20.7%
EPS (adj)

$0.80

Previous: $0.36+122.2%
Gross margin

59.9%

No prior period
Capital Expenditures

-$1.53M

Previous: -$2.44M+37.3%
Free Cash Flow

$18.6M

Previous: $6.91M+169.4%
Net Income

$20.2M

Previous: $9.35M+115.5%
Operating Income

$27.4M

Previous: $11.7M+134.2%
Gross Profit

$109M

Previous: $85.8M+27.3%
Cash & Equivalents

$93.7M

Previous: $62M+51.1%
Total Assets

$678M

Previous: $623M+9.0%
Stock-Based Comp

$277K

Previous: $254K+9.1%

Revenue & EPS history

Ethan Allen · Revenue · Quarterly

$182M

Q1 2022+20.7%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Ethan Allen · $264M total across 2 segments · Q1 2022

  • Retail net sales
    $155M+31.2%
  • Wholesale net sales
    $109M+12.4%

Forward guidance

Ethan Allen announced plans to further expand manufacturing production, including new job openings and increases in wages to reaffirm the Company’s commitment to its North American manufacturing

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.3%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-1.4%

Avg return

30 days after

50%

32 / 64 earnings

Positive

+21.7%

Q1 2013

Best reaction

-14.7%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.9%-8.8%-7.1%
Q2 2026-6.2%-3.4%-5.7%
Q1 2026-9.8%-12.2%-13.1%
Q3 2025-11.7%-10.5%-10.7%
Q2 2025+11.0%+7.2%-0.2%
Q1 2025-6.2%-4.5%+4.2%
Q4 2024+4.2%-0.4%+2.3%
Q3 2024-14.7%-15.2%-15.7%
Q2 2024+0.2%+3.7%+6.6%
Q1 2024-9.5%-7.1%-1.8%
Q4 2023+13.9%+12.2%+1.2%
Q3 2023+4.0%+2.5%-0.6%
Q2 2023-5.5%-3.2%+3.8%
Q1 2023+9.4%+14.3%+28.0%
Q4 2022+11.4%+12.0%+3.0%
Q3 2022-11.0%-6.3%-11.5%
Q2 2022+1.3%+4.9%+6.6%
Q1 2022-4.1%+2.6%-1.9%
Q4 2021+6.1%+10.5%-2.7%
Q3 2021-8.8%-1.5%-8.3%
Q2 2021-3.4%-0.8%+4.7%
Q1 2021-1.7%+2.8%+14.2%
Q4 2020+7.7%+5.7%+18.2%
Q3 2020-14.7%-5.4%+8.9%
Q2 2020-6.5%-10.0%-17.5%
Q1 2020+0.2%-1.1%-12.8%
Q4 2019-11.8%-15.9%-17.5%
Q3 2019+9.6%+11.8%+6.0%
Q2 2019-4.2%+0.7%+5.2%
Q1 2019-1.1%-2.8%+1.9%
Q4 2018-4.5%-4.7%-3.0%
Q3 2018-1.7%-3.4%+3.9%
Q2 2018-7.4%-7.8%-7.8%
Q1 2018-0.5%-7.2%-9.6%
Q4 2017+3.7%+2.9%-10.8%
Q3 2017-6.8%-1.3%-11.9%
Q2 2017-11.0%-13.0%-14.2%
Q1 2017-1.0%+0.0%+14.1%
Q4 2016-3.7%-1.7%-4.1%
Q3 2016+11.0%
Q2 2016+0.4%
Q1 2016-5.4%
Q4 2015+10.5%
Q3 2015-2.4%
Q2 2015-13.5%
Q1 2015+2.0%
Q4 2014+0.9%
Q3 2014+5.1%
Q2 2014+7.4%
Q1 2014+2.9%
Q4 2013-3.0%
Q3 2013-2.6%
Q2 2013+2.1%
Q1 2013+21.7%
Q4 2011+6.6%
Q4 2010+6.6%
Q4 2012-5.6%
Q3 2011-4.6%
Q3 2012+1.6%
Q2 2011+3.3%
Q2 2012+3.3%
Q1 2012+4.7%
Q1 2011+4.7%
Q3 2010+8.4%

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