Ethan Allen's Orleans plant resumes ops post-flood; net loss ~$2.5M, Q1 sales hit ~$15M

ETHAN ALLEN INTERIORS INC

July flooding of Barton River damaged inventory, equipment; caused ~7-week work stoppage.
Net loss estimated at $2.5M after insurance recoveries and $500K state grant.
First-quarter fiscal 2024 consolidated net sales expected to be reduced by ~$15M due to order delays.
Plant resumed limited operations in August 2023; ~75% of 250 associates are back.
Company received $500K Vermont Business Emergency Gap Assistance Program grant for cleanup and capital projects.

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