Ethan Allen Interiors Inc. Files 2024 Annual Report

TL;DR

Ethan Allen dropped its 2024 10-K. Check financials.

AI Summary

Ethan Allen Interiors Inc. reported its fiscal year 2024 results ending June 30, 2024. The company's financial performance and strategic initiatives are detailed in this 10-K filing. Specific financial figures and operational highlights are presented for the reporting period.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Ethan Allen's financial health, operational performance, and strategic direction for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant positive news that would alter the risk profile.

Key Numbers

• 3,888 — Total Assets (As of June 30, 2024)
• 2,243 — Total Liabilities (As of June 30, 2024)

Key Players & Entities

• ETHAN ALLEN INTERIORS INC (company) — Filer
• 20240630 (date) — Fiscal Year End
• 20240823 (date) — Filing Date
• 0000896156 (company) — Central Index Key
• 2037438000 (dollar_amount) — Business Phone

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value ETD New York Stock Exchan
• $53.5 m — June 30, 2024 our wholesale backlog was $53.5 million, down 27.7% from a year ago and n

Filing Documents

• eth20240630_10k.htm (10-K) — 2431KB
• ex_715990.htm (EX-21) — 14KB
• ex_715991.htm (EX-23.1) — 4KB
• ex_715992.htm (EX-31.1) — 13KB
• ex_715993.htm (EX-31.2) — 13KB
• ex_715994.htm (EX-32.1) — 5KB
• ex_715995.htm (EX-32.2) — 5KB
• graph01.jpg (GRAPHIC) — 42KB
• graph02.jpg (GRAPHIC) — 31KB
• graph03.jpg (GRAPHIC) — 22KB
• logo01.jpg (GRAPHIC) — 5KB
• 0001437749-24-027664.txt ( ) — 12158KB
• eth-20240630.xsd (EX-101.SCH) — 91KB
• eth-20240630_cal.xml (EX-101.CAL) — 81KB
• eth-20240630_def.xml (EX-101.DEF) — 642KB
• eth-20240630_lab.xml (EX-101.LAB) — 538KB
• eth-20240630_pre.xml (EX-101.PRE) — 699KB
• eth20240630_10k_htm.xml (XML) — 2309KB

Business

Business 5 Information about our Executive Officers 10 Item 1A.

Risk Factors

Risk Factors 11 Item 1B. Unresolved Staff Comments 18 Item 1C. Cybersecurity 18 Item 2.

Properties

Properties 19 Item 3.

Legal Proceedings

Legal Proceedings 20 Item 4. Mine Safety Disclosures 20 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 21 Item 6. [Reserved] 22 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 36 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 70 Item 9A.

Controls and Procedures

Controls and Procedures 70 Item 9B. Other Information 70 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 70 PART III Item 10. Directors, Executive Officers and Corporate Governance 71 Item 11.

Executive Compensation

Executive Compensation 71 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 71 Item 13. Certain Relationships and Related Transactions, and Director Independence 72 Item 14. Principal Accountant Fees and Services 72 PART IV Item 15. Exhibits and Financial Statement Schedules 73 Item 16. Form 10-K Summary 74

Signatures

Signatures 75 3 ETHAN ALLEN INTERIORS INC. AND SUBSIDIARIES CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains certain statements which may constitute "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 include information concerning current expectations, projections or trends relating to results of operations, financial results, financial condition, strategic objectives and plans, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, borrowing capacity, investments, future economic performance, and our business and industry. 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," 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. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that are expected. Ethan Allen Interiors Inc. and its subsidiaries (the "Company") derive many of its forward-looking statements from operating budgets and forecasts, which are based upon many detailed assumptions. While the Company believes that its assumptions are reasonable, it cautions that it is very difficult to predict the impact of known factors and it is impossible for the Company to anticipate all factors th

BUSINESS

ITEM 1. BUSINESS Overview Ethan Allen Interiors Inc., through its wholly-owned subsidiary, Ethan Allen Global, Inc., and Ethan Allen Global, Inc.'s subsidiaries (collectively, "we," "us," "our," "Ethan Allen" or the "Company"), is a leading interior design company, manufacturer and retailer in the home furnishings marketplace. We are a global luxury home fashion brand that is vertically integrated from product design through home delivery, which offers our customers stylish product offerings, artisanal quality, and personalized service. We are known for the quality and craftsmanship of our products as well as for the exceptional personal service from design to delivery, and for our commitment to social responsibility and sustainable operations. Our strong network of entrepreneurial leaders and interior designers provide complimentary interior design service to our clients and sell a full range of home furnishing products through a retail network of design centers located throughout the United States and abroad as well as online at ethanallen.com. Ethan Allen design centers represent a mix of locations operated by independent licensees and Company-operated locations. At June 30, 2024, the Company operates 142 retail design centers with 138 located in the United States and four in Canada. Our 45 independently operated design centers are located in the United States, Asia, the Middle East and Europe. We manufacture approximately 75% of our furniture in our North American manufacturing plants and have been recognized for product quality and craftsmanship since we were founded in 1932. At June 30, 2024, we own and operate ten manufacturing facilities, including four manufacturing plants, one sawmill, one rough mill and one kiln dry lumberyard in the United States, two manufacturing plants in Mexico and one manufacturing plant in Honduras. We also partner with suppliers located in Europe, Asia, and other countries to produce and import various products that support o

View Full Filing

View this 10-K filing on SEC EDGAR