Ethan Allen Interiors Inc.

Good afternoon, and welcome to the Ethan Allen Fiscal 2022 Third Quarter Analyst Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. 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.

Thank you, Paul. Good afternoon and welcome to Ethan Allen's analyst conference call for our fiscal 2020 third quarter ended March 31st. Joining me today is Farouk 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 calls for your questions. Before we begin, I'd like to remind the audience that this call is being transcribed and recorded live on ethanallen.com. where you will find a copy of our press release, which contains reconciliations of non-GAAP financial measures referred to in the 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'm pleased to now turn the call over to Mr. Kathwari.

Thank you, and thank you for all the support in our third quarter earnings review call. We continue to make good progress in many areas, resulting in strong financial results for the quarter ended March 31. Sales of 197.7 million increased 11.7% from previous year quarter. Strong gross margins of 60.4% compared to 57.3% in the previous year quarter. Control over our operating expenses resulted in adjusted operating income of 31.3 million, a 59.9% increase. Our adjusted EPS of 93 cents increased 60.3% from the previous year quarter. After Matt, McNulty provides a brief of our financial areas of focus. And with that, Matt, please take over.