Filing Flows › Ethan Allen Interiors (ETD) › Q2 FY25
Ethan Allen Interiors (ETD) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jan 29, 2025
Ethan Allen Interiors (ETD) reported revenue of $157M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and +2% from the quarter before. Operating margin was 11.5%, net earnings $15.0M (9.5% of revenue).
Ethan Allen Interiors, Q2 FY25: revenue $157M (-6% year over year), operating margin 11.5%, net earnings $15.0M, operating cash flow $11.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $157M | +2% | -6% |
| Gross profit | $94.8M | +1% | -6% |
| Operating profit | $18.2M | +3% | -16% |
| Net earnings | $15.0M | +2% | -14% |
| Operating cash flow | $11.6M | -23% | -15% |
| Free cash flow | $7.8M | -32% | -35% |
What changed
Revenue was $157.3M in Q2 FY25, down 6% year over year and up 2% from the previous quarter. Upholstery Furniture was the largest line at 48% of revenue. Upholstery Furniture lost $4.2M year over year (down 5%), 42% of the total change.
Gross margin was 60.3%, up 0.1 points from a year earlier. Operating profit was $18.2M, a 11.5% margin (down 1.4 points year over year). Operating expenses fell 3% while revenue fell 6%. Net earnings were $15.0M, down 14% year over year. The effective tax rate was 25.4%.
Operating cash flow was $11.6M (down 15% year over year), 77% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $410K of share-based compensation. Working capital and other items used $7.8M. Capital expenditures of $3.8M left free cash flow of $7.8M.
Questions
What was Ethan Allen Interiors' revenue in the second quarter fiscal 2025?
Ethan Allen Interiors (ETD) reported revenue of $157M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and +2% from the quarter before.
Was Ethan Allen Interiors profitable in the second quarter fiscal 2025?
Operating profit was $18.2M (11.5% of revenue) and net earnings $15.0M.