"Despite the challenging environment and these changes they have implemented within our business, they have been able to maintain strong margins and continually enhance shareholder value through the ongoing repurchase of our stock and payment of quarterly cash dividends. The balance sheet remains strong and they generated more than $100.0 million in operating cash flow for the year."
Commenting on business trends Kathwari stated: "Company have continued to see positive trends in written business during the month of July and, as such, believe that the analysts' current range of estimates for the fiscal first quarter ended September 30, 2005 and the fiscal year ended June 30, 2006 are reasonable and achievable."
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 313 retail stores in the United States and abroad, of which 126 are Company-owned. Ethan Allen has 12 manufacturing facilities, which include 2 sawmills, located throughout the United States.
The Company will conduct a Conference Call at 11:00 AM (Eastern) on Thursday, July 28th. The live webcast and replay are accessible via the Company's website at www.ethanallen.com/investors.
Ethan Allen is more affordable and more accessible than ever. They are dedicated to helping their customers live beautifully, and they reinforcethis commitment through their wide variety of furnishings and custom fabrics, their free design service, attractive financing options, and free local delivery.
They are America's leading one-stop home furnishings resource. With more than 3,000 design consultants, more than 300 stores, state-of-the-art manufacturing facilities, experienced craftspeople, a strong retail network, and a well-balanced distribution system, they have maintained our competitive edge while not losing sight of our primary objective: to make decorating fun and easy.
Ethan Allen Interiors Inc
marketing@alchempro.com
