Brief: Ethan Allen’S Manufacturing Plant In Orleans, Vermont, Resumes Operations And Continues To Make Progress Following July Flooding

Ethan Allen Interiors

19/09/2023 22:35

Ethan Allen Interiors Inc  ETD.N :
    * ETHAN ALLEN’S MANUFACTURING PLANT IN ORLEANS, VERMONT,
RESUMES
OPERATIONS AND CONTINUES TO MAKE PROGRESS FOLLOWING JULY
FLOODING
    * ETHAN ALLEN INTERIORS- FLOODING RESULTED IN DELAY IN
PRODUCTION
OF CUSTOM ORDERS, EXPECTED TO REDUCE NET SALES BY ABOUT $15
MILLION DURING Q1 2024
    * ETHAN ALLEN - WORKING THROUGH INSURANCE TO RECOVER A
PORTION OF
INCURRED LOSSES, WHICH WILL BE INCLUDED IN COMPANY'S FISCAL 2024
Q1 FINANCIAL RESULTS
    * ETHAN ALLEN INTERIORS- LOSSES INCURRED ARE CURRENTLY
ESTIMATED
TO BE ABOUT $2.5 MILLION, NET OF INSURANCE RECOVERIES AND GRANT
PROCEEDS

Source text for Eikon:  ID:nGNX1VhMYh 
Further company coverage:  ETD.N