ETD
Ethan Allen Interiors Inc.24.11
-0.80-3.21%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Tariff details, margin confidence surface
Q&A drilled into tariffs, detailing a three-pronged mitigation—vendor sharing, sourcing diversification, and 5% selective price hikes—that cushioned but didn't erase headwinds, with 40% exposure from Supreme Court-pending IEEPA tariffs offering potential $8M annual relief if invalidated. Contract orders resumed post-shutdown but trail last year, while retail traffic rebounded in January on returning consumers and designer follow-ups. Management voiced confidence in sustaining 60.9% gross margins through talent-tech efficiencies. They'll cut digital magazine spend from ~$18M to $9-10M monthly, shifting to digital ads. Answers reaffirmed prepared optimism. Tariffs bite, yet North American manufacturing shields. Watch order momentum.
Key Stats
Market Cap
613.51MP/E (TTM)
13.03Basic EPS (TTM)
1.85Dividend Yield
0.06%Recent Filings
10-Q
Q2 FY2026 results
Ethan Allen's Q2 FY2026 sales fell 4.7% y/y to $149.9M on weaker contract demand, yet gross margin held firm at 60.9% (up 60bps) via sales mix shift and lower freight. Operating income dipped 21.6% y/y to $14.2M (9.5% margin), with diluted EPS at $0.46 (25,608k shares). Wholesale orders dropped 19.3% y/y; retail written orders 17.9% y/y. Cash from operations generated $15.0M YTD (capex $5.3M; FCF $9.7M derived); $64.3M cash plus $115.1M treasuries, $121.2M revolver availability, no debt. Beecher Falls fire offset by insurance. Solid liquidity endures. Tariffs pressure margins.
8-K
Q2 sales dip, margins hold firm
Ethan Allen reported Q2 fiscal 2026 net sales of $149.9 million, down 4.7% from prior year amid government shutdown and macro challenges, yet held gross margins steady at 60.9% and adjusted operating margin at 9.0%. Cash and investments stood at $179.3 million with no debt after paying $10.0 million dividends. Strong balance sheet endures.
8-K
Annual meeting results
8-K
Q1 sales down, margins resilient
Ethan Allen reported fiscal 2026 Q1 net sales of $147.0 million, down 4.8% from prior year, yet gross margin rose to 61.4% on North American manufacturing strength. Adjusted operating margin slipped to 7.2% from 11.5% due to lower sales and marketing spend up to $5.1 million. Cash flow hit $16.8 million; balance sheet shines debt-free with $193.7 million cash. Retail orders grew 5.2%.
10-Q
Q1 FY2026 results
Ethan Allen's Q1 FY2026 sales fell 4.8% y/y to $147M amid lower unit volume and traffic, yet gross margin expanded 0.6 points to 61.4% on favorable mix, lower raw materials, and price hikes. Operating income dropped to $10M (6.8% margin) from $17.6M, with SG&A up 4.8% from marketing and deleveraging; diluted EPS landed at $0.41 (25,619 diluted shares). Operating cash flow rose 11.6% to $16.8M, funding $2.4M capex (FCF $14.4M derived) and $16.4M dividends, leaving $74M cash plus $120M treasuries and $121M revolver availability, no debt. Retail written orders grew 5.2% on new products. Tariffs crimp margins.
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