Earnings Call Summary | Ethan Allen Interiors(ETD.US) Q3 2024 Earnings Conference
Earnings Call Summary | Ethan Allen Interiors(ETD.US) Q3 2024 Earnings Conference
The following is a summary of the Ethan Allen Interiors Inc. (ETD) Q3 2024 Earnings Call Transcript:
以下是伊森·艾倫室內設計公司(ETD)2024年第三季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Ethan Allen consolidated net sales of $146.4 million in Q3 2024 with a double-digit operating margin despite industry challenges.
The Q3 gross margin was 61.3%, driven by changes in sales mix, lower manufacturing costs, and reduced staff numbers, exceeding 58% for 12 consecutive quarters.
Adjusted operating margin was 10%, while adjusted diluted EPS stood at $0.48.
They ended the quarter with a cash and investment balance of $181.1 million, no outstanding debt, and paid a cash dividend of $9.2 million, equivalent to $0.36 per share.
The company saw a decrease in order trends due to weak industry demand and high interest and inflation rates.
儘管面臨行業挑戰,伊桑·艾倫在2024年第三季度合併淨銷售額爲1.464億美元,營業利潤率仍達到兩位數。
受銷售結構變化、製造成本降低和員工人數減少的推動,第三季度毛利率爲61.3%,連續12個季度超過58%。
調整後的營業利潤率爲10%,調整後的攤薄每股收益爲0.48美元。
他們在本季度末的現金和投資餘額爲1.811億美元,沒有未償債務,並支付了920萬美元的現金分紅,相當於每股0.36美元。
由於行業需求疲軟以及高利率和通貨膨脹率,該公司的訂單趨勢有所下降。
Business Progress:
業務進展:
The company launched an Interior Design initiative, modifying design centers and integrating technology and skilled interior designers. It also introduced a monthly digital magazine and a new style book.
Aiming at developing classic products with a modern angle, the company plans to introduce many new products in the next six months.
On the manufacturing front, the company optimised resources and improved efficiency through plant reduction from 30 to approximately 10 within 15 years.
Ethan Allen reported an increase in customer deposits partly due to the timing of orders and increased attention on home interiors, translating into higher dollar volume of orders.
Following the impact of late March's Easter holiday, the company started April on a positive note. Future plans include shrinking design center sizes and enhancing efficiency.
該公司啓動了一項室內設計計劃,修改了設計中心,整合了技術和熟練的室內設計師。它還推出了每月的數字雜誌和一本新的風格書。
該公司旨在開發具有現代視角的經典產品,計劃在未來六個月內推出許多新產品。
在製造方面,該公司在15年內將工廠從30個減少到大約10個,從而優化了資源並提高了效率。
伊桑·艾倫報告說,客戶存款的增加部分是由於下單的時機以及對家居內飾的關注增加,轉化爲美元訂單量的增加。
繼3月下旬復活節假期的影響之後,該公司在4月份開始時表現良好。未來的計劃包括縮小設計中心規模和提高效率。
More details: Ethan Allen Interiors IR
更多詳情: 伊桑·艾倫室內設計紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。