Recent Updates — ETD

Ethan Allen Interiors Inc.'s Board of Directors has initiated a formal, independent CEO succession process to replace Chairman, President and CEO M. Farooq Kathwari. The Board committed to announcing the next Chief Executive Officer no later than June 30, 2027, coinciding with the expiration of Mr. Kathwari's current employment agreement. An executive search firm is evaluating both internal and external candidates for the role. Mr. Kathwari will continue to lead management and execute strategic priorities during this transition period. He has agreed to remain a non-executive Board member until the 2027 annual meeting of stockholders, at which point he will step down from the Board. The company operates in the home furnishings industry as a vertically integrated manufacturer and retailer specializing in interior design services.

Ethan Allen Interiors Inc. reported fiscal 2026 full-year and fourth-quarter results ending June 30, 2026. Consolidated net sales declined to $579.5 million from $614.6 million in the prior year, with Q4 sales of $146.8 million versus $160.4 million. Adjusted diluted EPS fell to $1.61 for the full year and $0.36 for Q4. The company declared a special cash dividend of $0.25 per share and a regular quarterly cash dividend of $0.39 per share, both payable on August 26, 2026, to shareholders of record as of August 12, 2026. Cash and investments totaled $187.5 million with no outstanding debt. Ethan Allen Interiors Inc. operates in the home furnishings industry, offering interior design services and manufacturing custom furniture.