This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ethan Allen Reports Results For Fiscal Year And Quarter Ended June 30, 2013

Mr. Kathwari concluded, “Our many initiatives in fiscal 2013 positioned us for the opportunity to increase sales in fiscal 2014 and to continue improving our profitability. We are cautiously optimistic regarding our growth opportunities in fiscal 2014.”

Financial Results:

Net sales for the twelve months ended June 30, 2013 remained stable at $729.1 million. The Company’s Retail division net sales increased 3.4% to $578.3 million including comparable design center net sales growth of 3.3%. Net income for the year ended June 30, 2013 was $32.5 million or $1.11 per diluted share compared with $49.7 million or $1.71 per diluted share in the prior year. The prior year results included $23.9 million in non-cash tax benefits. Adjusted net income for the year grew 39% to $1.31 per diluted share or $38.4 million from $0.94 per diluted share or $27.5 million in the prior year quarter.

Net sales for the quarter ended June 30, 2013 decreased 1.7% over the prior year to $182.3 million. The Company’s Retail division net sales increased 1.1% to $145.3 million including comparable design center net sales growth of 2.5%. Retail division written orders recorded during the fourth quarter decreased 1.9% including a decline of 0.9% in comparable design center written orders. Net income for the quarter ended June 30, 2013 was $8.2 million or $0.28 per diluted share compared with $7.3 million or $0.25 per diluted share in the prior year quarter. Adjusted earnings for the quarter grew 26% to $0.34 per diluted share or $9.9 million from $0.27 per diluted share or $7.8 million in the prior year quarter.

Analyst Conference Call

Ethan Allen will conduct a conference call at 11:00 AM (Eastern) on Thursday, July 25 th to discuss the financial results and its business initiatives. The live webcast and replay are accessible via the Company’s website at http://ethanallen.com/investors. To participate on the call, dial 866-835-8908 with conference ID# 1616313.

About Ethan Allen

Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The company offers free interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 300 Design Centers in the United States and abroad. Ethan Allen owns and operates eight manufacturing facilities including five manufacturing plants and one sawmill in the United States plus two plants in Mexico and Honduras. Approximately seventy percent of its products are made in its North American plants. For more information on Ethan Allen's products and services, visit ethanallen.com.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,492.32 +140.94 0.86%
S&P 500 1,965.48 +16.62 0.85%
NASDAQ 4,777.7370 +27.7580 0.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs