Ethan Allen Q1 sales up 17.7% to $214.5M; diluted EPS $1.17 (+48.1% YoY)

ETHAN ALLEN INTERIORS INC

2023-Q1 EPS reported $1.17 revenue$214,530,000

Net sales $214.5M (+17.7% YoY); diluted EPS $1.17 vs $0.79; adjusted EPS $1.11 (+38.8%).
Consolidated gross margin 60.4% (up from 59.9%); operating margin 18.5% (15.0% a year ago).
Operating cash flow $38.4M (vs $17.0M); cash and investments $142.4M; zero debt outstanding.
Paid $20.9M in dividends including a special $0.50/share ($12.7M) in August 2022.
Inventory decreased $8.8M from June 30 to $167.7M as backlog declines toward normal levels.

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