NYSE$ETD

Ethan Allen Interiors Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported strong operating results, driven by solid net sales, improved gross margins, and effective cost management.

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.

Headline financials

Total Revenue

$203M

Previous: $208M-2.4%
EPS (adj)

$1.10

Previous: $0.95+15.8%
Gross margin

61.0%

Previous: 58.8%+3.7%
Adjusted operating margin

18.1%

Previous: 15.7%+15.3%
Capital Expenditures

-$8.47M

Previous: -$3.73M-127.2%
Free Cash Flow

$19.7M

Previous: $23.2M-15.0%
Net Income

$28.2M

Previous: $26.9M+4.7%
Operating Income

$37.1M

Previous: $36.3M+2.1%
Gross Profit

$124M

Previous: $122M+1.4%
Cash & Equivalents

$85.4M

Previous: $105M-18.8%
Total Assets

$714M

Previous: $689M+3.6%
Stock-Based Comp

$495K

Previous: $349K+41.8%

Revenue & EPS history

Ethan Allen · Revenue · Quarterly

$203M

Q2 2023-2.4%vs Q2 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Ethan Allen · $233M total across 2 segments · Q1 2024

  • Retail net sales
    $134M
  • Wholesale net sales
    $99.4M

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.

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 Q2 2023

Historical avgQ2 2023

-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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