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Charges Mar Ethan Allen

DANBURY, CT-Ethan Allen Interiors' Q1 earnings take a 10-cent hit because of restructuring and compensation expense charges.

By Jennifer D. Duell | Updated on October 25, 2005

DANBURY, CT-Ethan Allen Interiors Inc.’s first quarterending September 30, 2005 was negatively impacted bypre-tax charges. Earnings per share for the quarterwere 49 cents on net income of $17.1 million includinga pre-tax restructuring and impairment charge of $4.2million or eight cents per share along withcompensation expense totaling $1.2 million or twocents per share.

For the same period last year, the company achievedearnings per share and net income of 51 cents and $18.8million. However, if the restructuring and impairmentcharges were excluded during the first quarter 2005,Ethan Allen would have beaten Wall Street expectationswith earnings per share 57 cents on net income of$19.7 million. Analysts surveyed by Thomson Financialexpected earnings per share of 54 cents on revenue of$236.8 million.

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