NYSE$ETD

Ethan Allen Interiors Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong Q4 2021 results with significant net sales growth and improved profitability.

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.

Headline financials

Total Revenue

$178M

Previous: $91.6M+94.7%
EPS (adj)

$0.74

Previous: -$0.15+593.3%
Capital Expenditures

$1.69M

Previous: $3.25M-48.1%
Free Cash Flow

$26.1M

Previous: $10.8M+142.6%
Net Income

$0.00

Previous: -$12.7M+100.0%
Operating Income

$0.00

Previous: -$12.4M+100.0%
Gross Profit

$105M

Previous: $47.9M+118.4%
Cash & Equivalents

$105M

Previous: $72.3M+44.7%
Total Assets

$683M

Previous: $521M+31.2%
Stock-Based Comp

$269K

Previous: $134K+100.7%

Revenue & EPS history

Ethan Allen · Revenue · Quarterly

$178M

Q4 2021+94.7%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Ethan Allen · $257M total across 2 segments · Q4 2021

  • Retail net sales
    $151M+113.2%
  • Wholesale net sales
    $106M+106.2%

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.

Tailwinds

  • Continuing to increase capacity
  • Delivering product
  • Making investments in technology throughout the Company
  • Drive future growth
  • Enhance the customer experience

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 Q4 2021

Historical avgQ4 2021

-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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