Ethan Allen Interiors Inc.

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 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, 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 Farouk Kaswari, our chairman, president, and CEO. Mr. Kaswari 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 and 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. Katwari.

Thank you, Matt, and good to have you all participate in our conference calls. 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. Now back to Matt to provide more details on our financials, and after that, I will provide a brief overview of our areas of focus to continue our progress.