Ethan Allen Interiors Inc. (NYSE:ETD) Q4 2022 Earnings Conference Call August 3, 2022 5:00 PM ET
Company Participants
Matt McNulty - Senior Vice President, Chief Financial Officer and Treasurer
Farooq Kathwari - Chairman, President and Chief Executive Officer
Conference Call Participants
Cristina Fernandez - Telsey Advisory Group
Operator
Good afternoon, and welcome to the Ethan Allen Fiscal 2022 Fourth Quarter Analyst Conference Call. At this time all participants’ are in a listen-only mode. A question-and-answer session follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.
It is now my pleasure to introduce your host, Matt McNulty, Senior Vice President, CFO and Treasurer. Thank you. You may begin.
Matt McNulty
Thank you, Hector. Good afternoon, everyone, and welcome to Ethan Allen's Analyst Conference Call for our fiscal 2022 fourth quarter and full year results. Joining me today is Farooq Kathwari, our Chairman, President and CEO. Mr. Kathwari will open and close our prepared remarks, while I will speak to the financials midway through. After our prepared remarks, we will then open the call for your questions.
Before we begin, I'd like to remind the audience that this call is being recorded and webcast live under the News & Events tab on the Investor Relations page of our ethanallen.com website. There, you will also find a copy of our press release, which contains reconciliations of non-GAAP financial measures referred to in this release and on this call. A replay of today's call will also be made available via phone and on our website.
As a reminder, our comments today will include forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to our SEC filings for a complete review of those risks. The company assumes no obligation to update or revise any forward-looking matters discussed during this call.
With that, I am pleased to now turn the call over to Mr. Kathwari.
Farooq Kathwari
Thank you, Matt, and good to have you all participate in our conference call. We are pleased and gratified to report very strong financial results for the quarter and the year ended June 30, 2022.
For the quarter, our sales of $229.7 million increased 28.8%. And for the fiscal year, sales of $817.8 million increased 19.4%. Our operating margin for the quarter increased to 18.3% and for the fiscal year increased to 16.9%. Our diluted EPS for the quarter was $1.23, an increase of 73.2%. And for the fiscal year, it was $4.05, an increase of 70.9%, all reflecting strength of our vertically integrated structure and a strong team.