NYSE$ETD

Ethan Allen Interiors Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported double-digit growth in sales, income, and earnings per share.

Ethan Allen reported an 11.7% increase in sales to $197.7 million, with gross margin increasing to 60.4% and operating margin rising to 16.5%, resulting in diluted EPS of $0.97, a 59.0% increase. The company ended the quarter with a strong balance sheet, including $104.6 million in cash and investments and no debt.

  • Consolidated net sales increased 11.7% to $197.7 million.
  • Retail net sales increased 17.9% to $166.7 million.
  • Wholesale net sales increased 12.3% to $121.0 million.
  • Diluted EPS increased 59.0% to $0.97 compared to $0.61.

Headline financials

Total Revenue

$198M

Previous: $177M+11.7%
EPS (adj)

$0.93

Previous: $0.58+60.3%
Gross margin

60.4%

No prior period
Capital Expenditures

-$9.03M

Previous: -$10.3M+12.7%
Free Cash Flow

$15.7M

Previous: $5.27M+197.8%
Net Income

$24.7M

Previous: $15.6M+58.3%
Operating Income

$32.7M

Previous: $19M+72.0%
Gross Profit

$119M

Previous: $101M+17.8%
Cash & Equivalents

$95M

Previous: $109M-12.8%
Total Assets

$715M

Previous: $688M+4.0%
Stock-Based Comp

$157K

Previous: $288K-45.5%

Revenue & EPS history

Ethan Allen · Revenue · Quarterly

$198M

Q3 2022+11.7%vs Q3 2021
Beat estimate in 12 of 16 quarters(75%)
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 expects to see softening consumer interest in home furnishings and remains focused on maintaining strong marketing programs, differentiation of relevant offerings, strong and talented associates, and control over manufacturing and logistics. They remain cautiously optimistic.

Tailwinds

  • Maintaining strong marketing programs
  • Differentiation of relevant offerings
  • Strong and talented associates
  • Control over our manufacturing
  • Control over our logistics

Headwinds

  • Record inflation
  • Rising interest rates
  • Supply chain challenges
  • Global unrest
  • Softening consumer interest in home furnishings

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 Q3 2022

Historical avgQ3 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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