Ethan Allen Interiors Inc.

Good afternoon and welcome to the Ethan Allen Fiscal 2026 First 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. 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, Operator. Good afternoon and thank you for joining us today to discuss Ethan Allen's fiscal 2026 first quarter results. With me today is Farouk Kafwari, our Chairman, President, and CEO. Mr. Kafwari 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 up for your questions. Before I 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 and transcript of today's call will also be made available on our Investor Relations website. There you will find a copy of today's press release, which contains reconciliations of non-GAAP financial measures referred to on this call and in the press release. 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 most recent quarterly report on Form 10Q. 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. Cathuari.

Thank you, Matt. We are pleased to have you all on this call. Considering the many challenges, we are very pleased that our unique, vertically integrated enterprise and our focus and investments over the years are providing strong results. Our interior design focus, investments in technology, and many years of developing a strong retail network our North American manufacturing and logistics have positioned us well. Our written sales in the first quarter increased by 5.2% despite the question of tariffs. We continued our history of returning capital to shareholders by paying $16.4 million in cash dividends and ended the quarter with $193.7 million in cash and no debt. Our US government sales were impacted by delays in advance of the government shutdown. I will discuss a lot of this in more detail after Matt provides a brief financial overview of the quarter and we will also discuss our initiatives. to continue to strengthen our enterprise and provide an opportunity to grow our sales and earnings and cash. Matt?