Ethan Allen Interiors Inc.

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. If anyone should require operator assistance, 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, Chief Financial Officer, and Treasurer. Thank you. You may begin.

Thank you, Shamali. Good afternoon, and thank you for joining us today to discuss Ethan Allen's 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 am pleased to now turn the call over to Mr. Kephart.

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 we paid 20.2 million in cash dividends during the quarter and the board and the board approved a regular cash dividend of 39 cents per share available in november 27 2024 after matthew provides a brief overview of our financial results i will review our continued focus to strengthen the five key areas of talent, marketing, service, technology, and social responsibility.