DANBURY, CT, April 22, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE:ETD) announced today that its Board of Directors declared and increased the regular quarterly cash dividend to $0.39 per share, payable on May 23, 2024, to shareholders of record at the close of business on May 7, 2024. Farooq Kathwari, Ethan Allen's Chairman, President and CEO commented, "We are pleased to increase our regular quarterly cash dividend by 8.3% to $0.39 per share. The Board's deci ...

DANBURY, Conn., Feb. 29, 2024 (GLOBE NEWSWIRE) -- For the fifth year in a row, the Mexican Center for Corporate Philanthropy and the Alliance for Corporate Social Responsibility has recognized Ethan Allen's upholstery manufacturing operations in Silao, Guanajuato, Mexico, as "Empresa Socialmente Responsible" (Environmentally and Socially Responsible). The recognition is awarded to companies that implement socially responsible management and sustainability commitments, thus positioning themselves as leaders ...

Financial Data and Key Metrics Changes - Consolidated net sales totaled $167.3 million, reflecting lower delivered unit volume and reduced manufacturing from lower backlogs [10] - Consolidated gross margin was 60.2%, marking the 11th consecutive quarter exceeding 58% [13] - Adjusted operating margin was 12.8%, impacted by lower sales and gross margin erosion [14] - SG&A expenses decreased by 9.1%, equating to 47.3% of net sales, up from 42.9% last year [15] - Adjusted diluted EPS was $0.67, with an effective tax rate of 25.5% [15][16] Business Line Data and Key Metrics Changes - Wholesale segment written orders decreased by 10.9%, while retail segment written orders were down 9.4% [11] - The wholesale backlog ended at $54.9 million, near pre-pandemic levels [11] Market Data and Key Metrics Changes - The home furnishings market continued to soften, impacting written order trends and design center traffic [10] - Customer lead times improved due to increased production in Vermont, which operated at approximately 75% capacity [12] Company Strategy and Development Direction - The company is repositioning its design centers throughout North America to strengthen its retail network and focus on interior design [21] - Plans to introduce new products as supply chain improvements are realized [21] - Marketing expenses have been reduced to 2% of net sales, down from 4% prior to the pandemic [22] Management Comments on Operating Environment and Future Outlook - Management noted a return to pre-pandemic levels of consumer focus on home furnishings, with cautious optimism for future sales [30] - The company is well-positioned to navigate the post-pandemic environment, despite challenges in the broader market [30] Other Important Information - The company ended the quarter with cash and investments of $167.8 million and no outstanding debt [16] - A regular quarterly cash dividend of $0.36 per share was declared, reflecting a commitment to returning value to shareholders [17] Q&A Session Summary Question: Variance across the country in terms of volume and results - Management indicated that results were consistent across the country, with no significant regional differences [33] Question: Consumer focus on home and traffic trends - Management observed increased consumer interest in home furnishings in December, indicating a positive trend [35] Question: Impact of floor sample sales on revenue and margin - Management acknowledged that selling floor samples impacted both revenue and margins, but noted that this was largely resolved [40] Question: New products and changes in product assortment - Management plans to introduce new products while utilizing technology to enhance design capabilities [48] Question: Recent trends and weather impact - Weather has affected sales, with better performance in regions not impacted by severe weather [55] Question: Updates on delayed sales due to flooding - Approximately 25% to 35% of delayed sales from the flood were delivered in the December quarter, with the remainder expected to flow through in the upcoming quarter [63] Question: Cost perspective on input costs and materials - Management noted that while transportation costs have fluctuated, the company is less impacted due to its North American manufacturing focus [70]

PART I - FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The financial statements show decreased assets, sales, and net income, with positive but reduced operating cash flow [Consolidated Balance Sheets](index=4&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) Total assets and liabilities declined, primarily from reductions in current assets and customer deposits, while equity remained stable Consolidated Balance Sheet Summary (in thousands) | Account | Dec 31, 2023 (Unaudited) | June 30, 2023 | | :--- | :--- | :--- | | **Total current assets** | $325,959 | $359,453 | | **TOTAL ASSETS** | **$722,175** | **$745,453** | | **Total current liabilities** | $140,930 | $163,097 | | **TOTAL LIABILITIES** | **$249,285** | **$274,447** | | **TOTAL SHAREHOLDERS' EQUITY** | **$472,890** | **$471,006** | | **TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | **$722,175** | **$745,453** | [Consolidated Statements of Comprehensive Income](index=5&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20INCOME%20(Unaudited)) Both quarterly and six-month results show significant declines in net sales, net income, and diluted EPS year-over-year Quarterly Income Statement Highlights (in thousands, except per share data) | Metric | Q2 FY2024 (ended Dec 31, 2023) | Q2 FY2023 (ended Dec 31, 2022) | % Change | | :--- | :--- | :--- | :--- | | Net sales | $167,276 | $203,161 | -17.7% | | Gross profit | $100,636 | $124,020 | -18.9% | | Operating income | $21,688 | $37,069 | -41.5% | | Net income | $17,411 | $28,166 | -38.2% | | Diluted EPS | $0.68 | $1.10 | -38.2% | Six-Month Income Statement Highlights (in thousands, except per share data) | Metric | Six Months ended Dec 31, 2023 | Six Months ended Dec 31, 2022 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $331,168 | $417,691 | -20.7% | | Gross profit | $200,777 | $253,636 | -20.8% | | Operating income | $40,039 | $76,719 | -47.8% | | Net income | $32,350 | $58,046 | -44.3% | | Diluted EPS | $1.26 | $2.27 | -44.5% | [Consolidated Statements of Cash Flows](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS%20(Unaudited)) Operating cash flow decreased due to lower net income, while financing cash usage increased from higher dividend payments Six-Month Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months ended Dec 31, 2023 | Six Months ended Dec 31, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $30,290 | $40,939 | | Net cash used in investing activities | ($4,371) | ($43,817) | | Net cash used in financing activities | ($33,159) | ($21,872) | | **Net decrease in cash** | **($7,184)** | **($24,878)** | [Notes to the Consolidated Financial Statements](index=8&type=section&id=NOTES%20TO%20THE%20CONSOLIDATED%20FINANCIAL%20STATEMENTS%20(Unaudited)) Notes detail revenue disaggregation, segment performance, and a $2.3 million net loss from a Vermont facility flood - The company operates **141 retail design centers** and ten manufacturing facilities in North America[21](index=21&type=chunk) - In July 2023, the company's Orleans, Vermont manufacturing facility sustained damage from flooding, resulting in a **net loss of $2.3 million** after insurance and grant proceeds[81](index=81&type=chunk) Disaggregated Net Sales by Product Category - Q2 FY2024 (in thousands) | Product Category | Q2 FY2024 | Q2 FY2023 | | :--- | :--- | :--- | | Upholstery | $80,329 | $97,633 | | Case goods | $47,117 | $60,735 | | Accents | $32,885 | $37,395 | | Other | $6,945 | $7,398 | | **Total** | **$167,276** | **$203,161** | Segment Operating Income (in thousands) | Segment | Q2 FY2024 | Q2 FY2023 | | :--- | :--- | :--- | | Wholesale segment | $10,823 | $14,569 | | Retail segment | $6,962 | $18,080 | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a 17.7% sales decline amid a challenging economy but highlights a strong, debt-free balance sheet [Executive Overview](index=29&type=section&id=Executive%20Overview) The company faced macroeconomic pressures causing a 9.4% drop in retail written orders but maintained a strong balance sheet with no debt - The company's business model focuses on relevant products, professional interior design services, and leveraging vertical integration[126](index=126&type=chunk) - Demand remained challenging in Q2 FY2024, with **retail written orders down 9.4%** year-over-year due to a slower economy and reduced consumer spending[131](index=131&type=chunk) - Despite lower sales, the company ended the quarter with a strong balance sheet, including **$167.8 million in cash and investments** with no outstanding debt[131](index=131&type=chunk) [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Q2 FY2024 results show significant declines in sales, gross margin, and operating income across both wholesale and retail segments - **Wholesale written orders were down 10.9%** for the quarter, and **retail written orders decreased 9.4%**, reflecting a broader market softening[145](index=145&type=chunk)[150](index=150&type=chunk) - Consolidated gross margin decreased by **80 basis points to 60.2%**, primarily due to deleveraging from lower unit volume[155](index=155&type=chunk) - SG&A expenses decreased by $8.0 million, but as a percentage of sales, they **increased to 47.3% from 42.9%** due to the significant drop in sales volume[157](index=157&type=chunk) Net Sales Performance (in thousands) | Segment | Q2 FY2024 | Q2 FY2023 | % Change | | :--- | :--- | :--- | :--- | | Consolidated net sales | $167,276 | $203,161 | (17.7%) | | Wholesale net sales | $90,627 | $106,247 | (14.7%) | | Retail net sales | $139,197 | $171,763 | (19.0%) | [Reconciliation of Non-GAAP Financial Measures](index=38&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section reconciles GAAP to non-GAAP measures, adjusting for items like restructuring charges and asset sale gains GAAP to Non-GAAP Reconciliation - Q2 FY2024 (in thousands, except per share) | Metric | GAAP | Adjustments | Adjusted (Non-GAAP) | | :--- | :--- | :--- | :--- | | Operating income | $21,688 | ($235) | $21,453 | | Operating margin | 13.0% | | 12.8% | | Net income | $17,411 | ($176) | $17,235 | | Diluted EPS | $0.68 | | $0.67 | [Liquidity and Capital Resources](index=41&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a strong liquidity position with $288.7 million available and no debt, despite increased dividend payments - The company paid total cash dividends of **$31.1 million** in the first six months of fiscal 2024, including a special dividend of $0.50 per share[207](index=207&type=chunk) - **No shares were repurchased** during the first six months of fiscal 2024, with 2,007,364 shares remaining under authorization[209](index=209&type=chunk) Available Liquidity (in thousands) | Component | Dec 31, 2023 | June 30, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $55,051 | $62,130 | | Investments (Current & Non-current) | $112,743 | $110,577 | | Availability under credit facility | $120,952 | $120,952 | | **Total Available Liquidity** | **$288,746** | **$293,659** | [Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risk from interest rates, foreign currency, and raw material costs is not expected to be material - The company had **no fixed or variable rate borrowings outstanding** at December 31, 2023, minimizing interest rate risk[221](index=221&type=chunk) - Foreign currency exchange risk is primarily limited to operations in Canada, Mexico, and Honduras and is **not expected to have a material effect**[223](index=223&type=chunk) - The company is exposed to market risk from raw material and transportation costs but believes it can **mitigate impacts through pricing and efficiencies**[228](index=228&type=chunk) [Controls and Procedures](index=48&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls - Management, including the CEO and CFO, concluded that as of December 31, 2023, the company's **disclosure controls and procedures are effective**[231](index=231&type=chunk) - **No material changes** to the company's internal control over financial reporting occurred during the second quarter of fiscal 2024[232](index=232&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=49&type=section&id=Item%201.%20Legal%20Proceedings) There have been no material changes to legal proceedings as disclosed in the 2023 Annual Report - **No material changes** to legal proceedings were reported for the first six months of fiscal 2024[234](index=234&type=chunk) [Risk Factors](index=49&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to risk factors previously disclosed in the 2023 Annual Report - **No material changes** to risk factors were reported for the first six months of fiscal 2024[235](index=235&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=49&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not repurchase any common stock during the quarter, with over 2 million shares remaining under authorization - **No shares were repurchased** during the second quarter of fiscal 2024[237](index=237&type=chunk) - As of December 31, 2023, the remaining Board authorization allows for the repurchase of **2,007,364 shares**[237](index=237&type=chunk) [Other Information](index=49&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement during the quarter - **No directors or officers** adopted, modified, or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading plan during the quarter[240](index=240&type=chunk) [Exhibits](index=50&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL documents

PART I - FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section provides the unaudited consolidated financial statements for the quarter ended September 30, 2023, detailing the company's financial position and performance [Consolidated Balance Sheets](index=4&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of September 30, 2023, total assets slightly decreased to **$739.6 million**, while the company maintained a strong liquidity position with **$163.2 million** in cash and investments and stable liabilities Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2023 (Unaudited) | June 30, 2023 | | :--- | :--- | :--- | | **Total Current Assets** | $352,798 | $359,453 | | Cash and cash equivalents | $56,888 | $62,130 | | Investments | $106,284 | $110,577 | | **Total Assets** | **$739,563** | **$745,453** | | **Total Current Liabilities** | $164,942 | $163,097 | | **Total Liabilities** | **$277,007** | **$274,447** | | **Total Shareholders' Equity** | **$462,556** | **$471,006** | [Consolidated Statements of Comprehensive Income (Unaudited)](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20INCOME%20%28Unaudited%29) For the three months ended September 30, 2023, the company reported a significant year-over-year decline, with net sales decreasing **23.6%** to **$163.9 million** and net income falling **50.0%** to **$14.9 million** Quarterly Performance Summary (in thousands, except per share data) | Metric | Q1 FY2024 (ended Sep 30, 2023) | Q1 FY2023 (ended Sep 30, 2022) | Change | | :--- | :--- | :--- | :--- | | Net Sales | $163,892 | $214,530 | -23.6% | | Gross Profit | $100,141 | $129,616 | -22.7% | | Operating Income | $18,351 | $39,650 | -53.7% | | Net Income | $14,939 | $29,880 | -50.0% | | Diluted EPS | $0.58 | $1.17 | -50.4% | [Consolidated Statements of Cash Flows (Unaudited)](index=7&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS%20%28Unaudited%29) Net cash provided by operating activities decreased to **$16.7 million**, while investing activities provided **$2.0 million**, and financing activities used **$23.8 million**, primarily for dividend payments Cash Flow Summary (in thousands) | Activity | Three months ended Sep 30, 2023 | Three months ended Sep 30, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $16,700 | $38,422 | | Net cash provided by (used in) investing activities | $1,989 | $(33,525) | | Net cash used in financing activities | $(23,847) | $(21,777) | | **Net decrease in cash** | **$(5,248)** | **$(17,153)** | [Consolidated Statements of Shareholders' Equity (Unaudited)](index=8&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20SHAREHOLDERS%27%20EQUITY%20%28Unaudited%29) Shareholders' equity decreased from **$471.0 million** to **$462.6 million**, primarily due to **$21.9 million** in cash dividends, partially offset by **$14.9 million** in net income - Total shareholders' equity decreased by **$8.4 million** during the quarter, from **$471.0 million** to **$462.6 million**[18](index=18&type=chunk) - The primary drivers of the change in equity were net income of **$14.9 million** and cash dividends declared of **$21.9 million**[18](index=18&type=chunk) [Notes to the Consolidated Financial Statements (Unaudited)](index=9&type=section&id=NOTES%20TO%20THE%20CONSOLIDATED%20FINANCIAL%20STATEMENTS%20%28Unaudited%29) These notes detail accounting policies, revenue recognition, segment performance, and a **$2.1 million** restructuring charge from a flood at the Vermont manufacturing plant - The company is a vertically integrated luxury home fashion brand, with approximately **75%** of its products manufactured or assembled in its North American plants[21](index=21&type=chunk)[22](index=22&type=chunk) - In July 2023, the company's Orleans, Vermont manufacturing facility sustained damage from heavy flooding, resulting in a net charge of **$2.1 million** after insurance recoveries and grant proceeds[83](index=83&type=chunk) Net Sales by Product Category (in thousands) | Product Category | Q1 FY2024 | Q1 FY2023 | | :--- | :--- | :--- | | Upholstery | $78,506 | $106,039 | | Case goods | $44,660 | $63,966 | | Accents | $34,402 | $37,070 | | Other | $6,324 | $7,455 | | **Total** | **$163,892** | **$214,530** | - For Q1 FY2024, the Wholesale segment generated **$14.4 million** in operating income, while the Retail segment generated **$5.2 million**[108](index=108&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the challenging quarter, highlighting a **23.6%** decrease in consolidated net sales due to macroeconomic pressures and a flood, while emphasizing a strong balance sheet with no debt and **61.1%** gross margins [Executive Overview](index=30&type=section&id=Executive%20Overview) This overview summarizes the company's vertically integrated business model and the Q1 FY2024 financial impact of a Vermont flood, noting a **13.2%** drop in retail orders despite a strong balance sheet with **$163.2 million** in cash and investments - The company's business model is centered on being a vertically integrated Interior Design Destination, with a strong manufacturing presence in North America[125](index=125&type=chunk) - Q1 FY2024 performance was negatively impacted by inflationary pressures, high interest rates, and a flood at the Orleans, Vermont plant, which reduced net sales by approximately **$15 million**[127](index=127&type=chunk)[128](index=128&type=chunk) - The company ended the quarter with a strong balance sheet, holding **$163.2 million** in cash, cash equivalents, and investments with no debt[127](index=127&type=chunk) [Results of Operations](index=32&type=section&id=Results%20of%20Operations) Consolidated net sales fell **23.6%** to **$163.9 million**, impacted by a **27.3%** drop in retail sales and a **$15 million** flood-related delay, while gross margin improved to **61.1%**, despite operating income decreasing to **$18.4 million** Consolidated Net Sales (in thousands) | Segment | Q1 FY2024 | Q1 FY2023 | % Change | | :--- | :--- | :--- | :--- | | Consolidated | $163,892 | $214,530 | (23.6%) | | Wholesale | $99,430 | $114,651 | (13.3%) | | Retail | $133,601 | $183,658 | (27.3%) | - The Vermont flood caused a temporary work stoppage, lowering shipments by approximately **$15 million** during the quarter[138](index=138&type=chunk) - Wholesale written orders decreased **15.6%** and retail written orders decreased **13.2%** year-over-year, reflecting a market downturn in home furnishings[140](index=140&type=chunk)[141](index=141&type=chunk) - SG&A expenses decreased **12.7%**, but as a percentage of sales, they increased to **49.0%** from **42.9%** in the prior year, indicating reduced operating leverage[146](index=146&type=chunk) [Reconciliation of Non-GAAP Financial Measures](index=35&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section reconciles GAAP to non-GAAP figures, showing Q1 FY2024 adjusted operating income of **$19.8 million** and adjusted diluted EPS of **$0.63**, primarily adjusting for a **$2.1 million** flood charge and a **$0.7 million** sale-leaseback gain Reconciliation of GAAP to Adjusted Financials (Q1 FY2024, in thousands) | Metric | GAAP | Adjustments | Adjusted (Non-GAAP) | | :--- | :--- | :--- | :--- | | Operating Income | $18,351 | $1,492 | $19,843 | | Net Income | $14,939 | $1,115 | $16,054 | | Diluted EPS | $0.58 | $0.05 | $0.63 | - Pre-tax adjustments for the quarter included a **$2.1 million** charge for the Vermont flood and a **$0.7 million** gain on a sale-leaseback transaction[164](index=164&type=chunk) [Liquidity and Capital Resources](index=38&type=section&id=Liquidity%20and%20Capital%20Resources) The company details its strong liquidity with **$284.1 million** available and no debt, with cash from operations at **$16.7 million**, primarily used for **$21.9 million** in dividends and **$3.7 million** in capital expenditures Total Available Liquidity (in thousands) | Component | Sep 30, 2023 | | :--- | :--- | | Cash and cash equivalents | $56,888 | | Short-term investments | $106,284 | | Availability under credit facility | $120,952 | | **Total Available Liquidity** | **$284,124** | - Paid total cash dividends of **$21.9 million**, which included a regular quarterly dividend of **$0.36** per share and a special cash dividend of **$0.50** per share[178](index=178&type=chunk)[186](index=186&type=chunk) - Capital expenditures totaled **$3.7 million**, primarily for retail design center projects and manufacturing facility upgrades[184](index=184&type=chunk) - No shares were repurchased under the existing share repurchase program during the quarter[188](index=188&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section discusses market risks including interest rates, foreign currency, and commodity prices, concluding they are not expected to materially affect consolidated results due to the company's strong financial position and operational practices - Interest Rate Risk: With no borrowings outstanding and short-term investments, the company estimates that a **100 basis point** change in interest rates would not have a material impact[198](index=198&type=chunk) - Foreign Currency Risk: Exposure is limited to operations in Canada, Mexico, and Honduras and is not considered material; the company does not engage in currency hedging[200](index=200&type=chunk)[202](index=202&type=chunk) - Commodity and Inflation Risk: The company is exposed to volatile costs for raw materials (lumber, foam) and transportation but believes it can mitigate impacts through pricing adjustments and operational efficiencies[206](index=206&type=chunk)[207](index=207&type=chunk) [Controls and Procedures](index=45&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2023, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that disclosure controls and procedures are effective as of September 30, 2023[209](index=209&type=chunk) - There were no changes in internal control over financial reporting during the first quarter of fiscal 2024 that have materially affected, or are reasonably likely to materially affect, internal controls[210](index=210&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=46&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material changes to legal proceedings during the first three months of fiscal 2024 from prior disclosures - There have been no material changes during the first three months of fiscal 2024 to the matters discussed in the 2023 Annual Report on Form 10-K[213](index=213&type=chunk) [Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) The company states no material changes to its risk factors during the first three months of fiscal 2024 from prior disclosures - There have been no material changes to the company's risk factors during the first three months of fiscal 2024[214](index=214&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=46&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports no unregistered sales of equity securities and no share repurchases during the quarter, with **2,007,364** shares remaining authorized for repurchase - No shares of outstanding common stock were repurchased during the first quarter of fiscal 2024 under the existing share repurchase program[216](index=216&type=chunk) - As of September 30, 2023, the company had a remaining Board authorization to repurchase **2,007,364** shares of its common stock[216](index=216&type=chunk) [Defaults Upon Senior Securities](index=46&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities - The company reported 'None'[217](index=217&type=chunk) [Mine Safety Disclosures](index=46&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - The company reported 'Not applicable'[218](index=218&type=chunk) [Other Information](index=46&type=section&id=Item%205.%20Other%20Information) The company discloses that no directors or officers adopted, modified, or terminated Rule 10b5-1 trading arrangements during the fiscal quarter - During the fiscal quarter, none of the company's directors or officers adopted, modified, or terminated a 'Rule 10b5-1 trading arrangement'[219](index=219&type=chunk) [Exhibits](index=47&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including required certifications from the CEO and CFO, and Inline XBRL documents for financial data tagging - The report includes required certifications from the CEO (31.1, 32.1) and CFO (31.2, 32.2) pursuant to the Exchange Act and Sarbanes-Oxley Act[221](index=221&type=chunk) - Inline XBRL data files (Exhibits 101 and 104) are filed with the report[221](index=221&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-11692 | ETHAN ALLEN | | --- | Ethan Allen Interiors Inc. (Exact name of registrant as specified in its charter) Delaware 06-1275288 (State or other ju ...

Ethan Allen Interiors (NYSE:ETD) Q4 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Matt McNulty - Senior Vice President and Chief Financial Officer Farooq Kathwari - Chairman, President, Chief Executive Officer Conference Call Participants Brad Thomas - KeyBanc Capital Markets Cristina Fernández - Telsey Advisory Group Operator Good afternoon, and welcome to the Ethan Allen Fiscal 2023 Fourth Quarter Analyst Conference Call. A question-and-answer session will follow the prepare ...

Ethan Allen Interiors Inc. (NYSE:ETD) Q3 2023 Earnings Conference Call April 26, 2023 5:00 PM ET Company Participants Farooq Kathwari - Chairman, President, Chief Executive Officer Matt McNulty - Senior Vice President, Chief Financial Officer, Treasurer Conference Call Participants Cristina Fernández - Telsey Advisory Group Zach Donnelly - KeyBanc Capital Markets Operator Good afternoon, and welcome to the Ethan Allen Fiscal 2023 Third Quarter Analyst Conference Call. At this time, all participants are in a ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-11692 Ethan Allen Interiors Inc. (Exact name of registrant as specified in its charter) | Delaware | 06-127 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 or Delaware 06-1275288 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 25 Lake Avenue Ext., Danbury, Connecticut 06811-5286 (Address of principal executive offices) (Zip Code) (203) 743-8000 Commission File Number: 1-11692 Ethan ...