ETHAN ALLEN INTERIORS INC
For the period ended Oct 29, 2025. Filed Oct 29, 2025.
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Oct 29, 2025 · Filed Oct 29, 2025
Contents
EX-99.1 · FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Generally, forward-looking statements represent management’s beliefs and assumptions concerning current expectations, projections or trends relating to results of operations, financial results, financial condition, strategic initiatives, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, investments, future economic indicators, business conditions and industry performance. Such forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These forward-looking statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “continue,” “may,” “will,” “short-term,” “target,” “outlook,” “forecast,” “future,” “strategy,” “opportunity,” “would,” “guidance,” “non-recurring,” “one-time,” “unusual,” “should,” “likely,” “pandemic,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. The Company derives many of its forward-looking statements from operating budgets and forecasts, which are based upon detailed assumptions. While the Company believes that its assumptions are reasonable, it cautions that it is difficult to predict the impact of known factors and it is impossible for the Company to anticipate all factors that could affect actual results and matters that are identified as “short-term,” “non-recurring,” “unusual,” “one-time,” or other words and terms of similar meaning may in fact recur in one or more future financial reporting periods.
Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that are expected. Actual results could differ materially from those anticipated in the forward-looking statements due to a number of risks and uncertainties including, but not limited to, the risks and uncertainties disclosed in Part I, Item 1A.Risk Factors, in the Company’s 2025 Annual Report on Form 10-K and other factors identified in its reports filed with the Securities and Exchange Commission (the “SEC”), available on the SEC's website atwww.sec.gov.
All forward-looking statements attributable to the Company, or persons acting on its behalf, are expressly qualified in their entirety by these cautionary statements, as well as other cautionary statements. A reader should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond the Company’s ability to control or predict. The Company is including this cautionary note to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. The forward-looking statements included in this release are made only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as otherwise required by law.
| Ethan Allen Interiors Inc. | ||
|---|---|---|
| Condensed Consolidated Statements of Comprehensive Income | ||
| (Unaudited) | ||
| (In thousands, except per share data) | ||
| Three months ended September 30, | ||
| 2025 | 2024 | |
| Net sales | $146,984 | $154,337 |
| Cost of sales | 56,786 | 60,468 |
| Gross profit | 90,198 | 93,869 |
| Selling, general and administrative expenses | 79,697 | 76,072 |
| Restructuring and other charges, net of gains | 534 | 232 |
| Operating income | 9,967 | 17,565 |
| Interest and other income, net | 4,098 | 2,198 |
| Interest and other financing costs | 59 | 60 |
| Income before income taxes | 14,006 | 19,703 |
| Income tax expense | 3,555 | 4,984 |
| Net income | $10,451 | $14,719 |
| Net income per diluted share | $0.41 | $0.57 |
| Diluted weighted average common shares | 25,619 | 25,618 |
| Ethan Allen Interiors Inc. | ||
|---|---|---|
| Condensed Consolidated Balance Sheets | ||
| (Unaudited) | ||
| (In thousands) | ||
| September 30, | June 30, | |
| 2025 | 2025 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $73,648 | $76,178 |
| Investments, short-term | 49,985 | 59,955 |
| Accounts receivable, net | 5,692 | 6,066 |
| Inventories, net | 139,921 | 140,893 |
| Prepaid expenses and other current assets | 30,094 | 26,841 |
| Total current assets | 299,340 | 309,933 |
| Property, plant and equipment, net | 208,458 | 210,238 |
| Goodwill | 25,388 | 25,388 |
| Intangible assets | 19,740 | 19,740 |
| Operating lease right-of-use assets | 111,585 | 109,173 |
| Deferred income taxes | 364 | 369 |
| Investments, long-term | 70,045 | 60,030 |
| Other assets | 2,186 | 2,228 |
| Total ASSETS | $737,106 | $737,099 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $25,303 | $22,137 |
| Customer deposits | 77,171 | 75,068 |
| Accrued compensation and benefits | 21,153 | 23,625 |
| Current operating lease liabilities | 26,873 | 27,403 |
| Other current liabilities | 7,044 | 4,618 |
| Total current liabilities | 157,544 | 152,851 |
| Operating lease liabilities, long-term | 98,494 | 96,263 |
| Deferred income taxes | 2,178 | 2,054 |
| Other long-term liabilities | 3,501 | 3,662 |
| Total LIABILITIES | 261,717 | 254,830 |
| Shareholders’ equity | ||
| Ethan Allen Interiors Inc. shareholders’ equity | 475,476 | 482,355 |
| Noncontrolling interests | (87) | (86) |
| Total SHAREHOLDERS’ EQUITY | 475,389 | 482,269 |
| Total LIABILITIES AND SHAREHOLDERS’ EQUITY | $737,106 | $737,099 |
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