NYSE$ETD

Ethan Allen Interiors Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Ethan Allen's Q3 2024 performance was marked by a robust balance sheet, strong cash dividends, and a double-digit operating margin, despite lower demand reflecting the post-pandemic period.

Ethan Allen reported a decrease in consolidated net sales by 21.4% to $146.4 million, but maintained a strong financial position with $181.1 million in cash and investments and no debt. The company's operating margin was 10.5%, with an adjusted operating margin of 10.0%.

  • Consolidated net sales decreased by 21.4% to $146.4 million.
  • Retail net sales were lower by 18.8% at $122.6 million, and wholesale net sales decreased by 21.3% to $89.8 million.
  • The company ended the quarter with $181.1 million in cash and investments and no debt.
  • Operating margin was 10.5%, with an adjusted operating margin of 10.0%.

Headline financials

Total Revenue

$146M

Previous: $186M-21.4%
EPS

$0.50

Previous: $0.86-41.9%
Gross margin

61.3%

Previous: 59.9%+2.3%
Adjusted operating margin

10.0%

No prior period
Total cash and investments

$181M

No prior period
Capital Expenditures

-$7.54M

Previous: -$10.7M+29.4%
Free Cash Flow

$5.42M

Previous: $11.7M-53.6%
Net Income

$13M

Previous: $22.4M-42.1%
Operating Income

$15.3M

Previous: $28.8M-46.8%
Gross Profit

$89.8M

Previous: $112M-19.5%
Cash & Equivalents

$63.9M

Previous: $61M+4.6%
Total Assets

$742M

Previous: $741M+0.1%
Stock-Based Comp

$364K

Previous: $382K-4.7%

Revenue & EPS history

Ethan Allen · Revenue · Quarterly

$146M

Q3 2024-21.4%vs Q3 2023
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

While there are current economic challenges and international conflicts, Ethan Allen remains cautiously optimistic.

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 2024

Historical avgQ3 2024

-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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