Ethan Allen Interiors Inc. (ETD) 2015年年度报告「NYSE」.pdf

1、A N N U A L R E P O R T 2 0 1 5DEAR FELLOW SHAREHOLDERSWe are pleased with the progress we made during the fiscal year that ended June 30,2015.We greatly strengthened our offerings,our interior design network,and our North American manufacturing operations.We also invested in technology and strength

2、ened and refined our message.While making these major changes to our enterprise,we continued to improve our financial position and are positioned well for growth.The following is a brief overview of what we achieved in fiscal 2015:n Earnings per diluted share of$1.27,net sales of$754.6 million,and a

3、n operating margin of 8.7%.n Our wholesale division operating margin was 14.3%,and our retail divisions operating margin was 0.3%.n Paid$13.3 million in dividends and repurchased$16.5 million of our stock.n Inventories increased as planned by$5.6 million from June 30,2014,to support our expanded ass

4、ortment of in-stock products.n We put in place a new$150 million credit facility and redeemed the remaining$129.4 million balance of our outstanding senior notes.At the end of the fiscal year,we had$75 million outstanding under the new credit facility and total cash and securities of$86.4 million.n

5、With many initiatives implemented in 2015 in place,we are positioned for renewed growth.STRENGTHENED PRODUCT PROGRAMSDuring fiscal 2015,we introduced strong product programs.The first and second phases were launched during fiscal 2015,and the new products have been well received by our clients.We in

6、troduced the third phase to our retail network in July 2015,and these new products will be available to consumers later this fall.This major introduction of new products strengthens our brand as a home fashion leader and will be supported by increased marketing activities,including direct mail,telev