Ethan Allen Interiors Inc.

Good afternoon, and welcome to the Ethan Allen Fiscal 2025 Second 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, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce our host, Matt McNulty, Senior Vice President, Chief Financial Officer, and Treasurer. Thank you. You may begin.

Thank you, Operator. Good afternoon, and thank you for joining us today to discuss Ethan Allen's fiscal 2025 second quarter results. With me today is Farouk Kathouari, our Chairman, President, and CEO. Mr. Kathouari 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 your questions. Before we begin, I'd like to remind the audience that this call is being webcast live under the News and Events tab within our Investor Relations 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 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 turn the call over to Mr. Casuari.

Thank you, Matt. and thanks for participating in our second quarter results and the December 31, 2024. I would like to start with the devastating effects of wildfires in Southern California, which have resulted in loss of life and devastated many communities. Our team members and our clients have been impacted and we pray for their safety. Fortunately, our design center in Pasadena closes to the fires, escaped the fire, and is back in operations along with all of our six design centers and a major retail service center in the area. As we mentioned in our press release, despite a challenging political and economic environment, we had strong financial results in our second quarter, especially in our book orders. We reported consolidated net sales of 157.3 million, gross margin of 60.3%, operating income of 18.2 million, operating margin of 11.5%, and diluted EPS of 59 cents. We had strong operating cash flow and ended with 184.2 million, an increase of 16.4 million from a year ago. We pay $10 million in cash dividends and pleased that yesterday our board approved a regular cash dividend of 39 cents per share, payable on February 26, 2025. After Matt presents a more detailed financial information, I will review our ongoing initiatives to continue our progress. Matt.