Ethan Allen Interiors Inc. (ETD) 2014年年度报告「NYSE」.pdf

1、ANNUAL REPORT 2014We are pleased with our strong financial performance and the many initiatives weimplemented for the fiscal year that endedon June 30,2014.The following is a brief overview of our financial results:nEarnings per diluted share increased32.4%to$1.47,net sales of$746.7 million increase

2、d 2.4%,and operating income increased 15.2%over the priorfiscal year.nOur retail divisions operating income increased 31.2%or$2.5 million from the prior fiscal year,while the wholesale divisions operating income increased13.7%or$7.0 million.nOur liquidity continues to be strong,enabling us to pay$11

3、.3 million in dividends during the fiscal year.nOur inventories increased as planned by$9.0 million from June 30,2013,to support our expanded assortment of in-stock products.nOur total cash and securities balance at June 30,2014,increased by$32.3 million over the prior fiscal year end to$135.8 milli

4、on.nWe increased our quarterly dividend by 20%beginning with record date October 9,2014.These strong results reflect the leverage of our vertically integrated structure.STRENGTHENED PRODUCT PROGRAMS During the year,we strengthened our product design team to expand the reach ofour product offerings t

5、hrough developmentof fresh,stylish designs in updated finishesand materials.Our vertical integration allowed us to fast-track the process from design and engineering through manufacture.This fall,we will start introducing more than 600 new products in our Design Centers and on our websites.This majo

6、r introduction of new productsstrengthens our brand as a home fashionleader and will be supported by:nThe introduction of improved websitesscheduled to launch in the fall.nIncreased marketing activities,includingdirect mail,television,and digital.nThe external and internal projections ofour Design C