Ethan Allen Q3 results - sales up 15% & EPS improves 18%
24 Apr '06
2 min read
For the nine months ended March 31, 2006, earnings per share, which includes a pre-tax restructuring and impairment charge of $4.2 million related to the Company's planned conversion of one of its existing manufacturing facilities into a regional distribution center, amounted to $1.85 on net income of $63.3 million. This compares to earnings per share and net income of $1.63 and $59.8 million, respectively, in the prior year comparable period. Excluding the impact of the restructuring and impairment charge, earnings per share for the current nine-month period amounted to $1.93 on net income of $65.9 million.
Ethan Allen Interiors Inc is a leading manufacturer and retailer of quality home furnishings. The Company sells a full range of furniture products and decorative accessories through an exclusive network of 311 retail stores in the United States and abroad, of which 134 are Company-owned. Ethan Allen has 10 manufacturing facilities, which include 2 sawmills, located throughout the United States.
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