Ethan Allen Interiors Inc. reported operating results for the three and twelve months ended June 30, 2014.
Ethan Allen Interiors Inc. reported operating results for the three and twelve months ended June 30, 2014. Fourth Quarter Highlights: Net sales #
Fourth Quarter Highlights:
• Net sales of $198.8 million increased 9.1% compared to fourth quarter of fiscal 2013
• Adjusted EPS grew 47.1% to $0.50 compared to fourth quarter of fiscal 2013; GAAP EPS increased 107.1% to $0.58
• Gross margin increased 60 basis points to 54.6% compared to fourth quarter of fiscal 2013
• Adjusted Operating Income of $24.9 million increased 42.4% compared to fourth quarter of fiscal 2013; GAAP Operating Income increased 47.5%.
• Retail division net sales increased 7.1%, and generated adjusted operating income of $8.7 million for an adjusted operating margin of 5.6% compared to 2.9% for the fourth quarter of fiscal 2013.
• Cash and securities of $135.8 million increased $32.3 million or 31.2% over June 30, 2013.
• Capital Expenditures were $19.3 million year to date at June 30, 2014 compared to $19.0 million prior year and inventories of $146.3 million increased as planned by $9.0 million over June 30, 2013. • Retail division Written Sales decreased 5.5% compared to fourth quarter of fiscal 2013, Comparable Written Sales decreased 4.1% during the same time period.
• Regular quarterly cash dividend of $0.12 per share declared; an increase of 20%
Ethan Allen Interiors Inc. reported operating results for the three and twelve months ended June 30, 2014. Fourth Quarter Highlights: Net sales #
Fiscal Year ending June 30, 2014 Highlights:
• Net sales of $746.7 million increased 2.4% compared to fiscal 2013
• Adjusted diluted earnings per share (EPS) grew 10.7% to $1.45 compared to 1.31 for fiscal 2013; GAAP EPS increased 32.4% to $1.47 compared to $1.11 in fiscal 2013
• Adjusted Operating Income of $74.3 million increased 7.9% compared to fiscal 2013; GAAP Operating Income increased 15.2%
• Adjusted Net Income of $42.6 million increased 10.8% compared with fiscal 2013; GAAP Net Income increased 32.2%
Ethan Allen Interiors Inc. reported operating results for the three and twelve months ended June 30, 2014. Fourth Quarter Highlights: Net sales #
Ethan Allen
marketing@alchempro.com
