Ethan Allen Interiors reported fiscal fourth-quarter non-GAAP earnings of $0.36 per share, beating analyst expectations by $0.02, while revenue of $146.8 million missed estimates by $1.9 million and declined 8.5% year-over-year. Consolidated gross margin reached 63.1%, boosted by a $5.0 million recovery of previously paid tariffs that added 340 basis points to both gross and operating margins. Adjusted gross margin was 59.7%, compared to 59.9% a year ago, and adjusted operating margin came in at 7.4% versus 9.7% in the prior-year period. The company generated $22.4 million in operating cash flow and paid a regular cash dividend of $0.39 per share. For the full fiscal year, consolidated net sales were $579.5 million, down from $614.6 million, and adjusted diluted earnings per share were $1.61, compared to $2.04 in the prior year.
Ethan Allen Interiors IncRevenue missed estimates and declined 8.5% YoY; adjusted operating margin fell to 7.4% from 9.7%; full-year EPS dropped to $1.61 from $2.04.