Ethan Allen Interiors Inc. (NYSE:ETD) Q1 2025 Earnings Conference Call October 30, 2024 5:00 PM ET
Company Participants
Matthew McNulty - SVP, CFO and Treasurer
Farooq Kathwari - Chairman, President and CEO
Conference Call Participants
Taylor Zick - KeyBank Capital Markets
Cristina Fernandez - Telsey Advisory Group
Operator
Good afternoon and welcome to the Ethan Allen Fiscal 2025 First Quarter Analyst Conference Call. At this time, all participants are on a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note this conference is being recorded.
It is now my pleasure to introduce your host, Ms. Matt McNulty, Senior Vice President, Chief Financial Officer, and Treasurer. Thank you, you may begin.
Matthew McNulty
Thank you, Jamali. Good afternoon and thank you for joining us today to discuss Ethan Allen Fiscal 2025 First Quarter Results. With me today is Farooq Kathwari, our Chairman, President, and CEO.
Mr. Kathwari will open and close our prepared remarks, while I will speak to our financial performance midway through. After our prepared remarks, we will then open the call for questions. Before we begin, I'd like to remind the audience that this call is being transcribed live under the News and Events tab on the Investor Relations page of our website.
A replay of today's call will also be made available on our Investor Relations website. There you will find a copy of our press release, which contains reconciliations of non-GAAP financial measures referred to on this call and in the press release. We believe the non-GAAP presentation better reflects underlying operating trends and performance of the business.
Our comments today may include forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. The most significant risk factors that could affect our future results are described in our quarterly report on Form 10-Q. Please refer to our SEC filing 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'm pleased to now turn the call over to Mr. Kathwari.
Farooq Kathwari
Thank you, Matt. As stated in our press release, we are pleased with our first quarter fiscal 2025 financial results. We had sales of $154.3 million, continued the strong gross margin of 60.8%, operating income of $17.6 million with margin of 11.4%. We also continued strong cash generation and ended the quarter with $186.4 million in cash and investments.