Ethan Allen Interiors Inc. (ETD) 2013年年度报告「NYSE」.pdf

1、ANNUAL REPORT2013I am pleased to report that we made excellent progress in strengthening our vertically integrated enterprise and also reported strong financial results for our fiscal year that ended June 30,2013.Abrief overview of our financial results and operations is as follows:nAdjusted net inc

2、ome per diluted share grew 39%to$1.31 on revenueswhich were flat compared to the prior fiscal yearnAdjusted operating profits increased33%to$69 millionnGross margin improved by 110 basispoints to 54.6%nCompany Retail Divisions adjusted operating profit increased to$14.5 million,a positive change of$

3、24.1 million from the previous year on a net sales increase of 3.4%nPaid cash dividends to stockholders of$22 million,an increase of 176%nBought back$24 million of our bonds,bringing the outstanding balancedown to$129 million by June 30,2013nCash and securities totaled$104 million at fiscal year end

4、In our marketing and operations,we made significant progress.I am pleased to sharethe highlights as follows:Strengthened Our Retail Network:During the year,we strengthened the management of our Retail Division.OurRetail business improved its adjusted operating profit contribution by$24.1 million com

5、pared to the prior year.We continued to attract qualified and entrepreneurial interior designers.We relocated several Design Centers in North America and also accelerated the development of our international presence by opening Company-operatedDesign Centers in Montreal,Canada,andBrussels and Antwer

6、p,Belgium.Our independent retailers added nine new locations.Currently,several new DesignCenters are under construction,includinginternational locations in Korea,Jordan,and Romania and domestic locations inHouston,Texas,Cleveland,Ohio,Sarasota,Florida,and Marlboro,New Jersey.Expanded Our Offerings:W