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Lumber Liquidators Holdings Inc. (LL) is a publicly-traded company listed on the New York stock exchange (NYSE). The company specializes in flooring , particularly hardwood, laminate, and tile flooring, as well as other related accessories.
Some general information about Lumber Liquidators Holdings Inc. is:
* Headquarters: Toano, Viriginia, U.S
* Founded: 1993
* Industry: Retail
* Sector: Consumer Discretionary
* Employees: 2,260
* market Capitalization: $1.37 billion
* Stock Exchange: NYSE
* Stock ticker: LL
Regarding their financial performance, Lumber Liquidators Holdings Inc. has faced challenges in recent years, mainly due to concerns related to its sourcing and safety of its products. In 2015, the company faced a significant decline in stock price due to a 60 Minutes investigation that raised concerns about the safety of their laminate flooring, which was alleged to contain high levels of formaldehyde, a carcinogen.
In terms of earnings, the company's financial performance has been mixed. In their most recent quarter, ended March 31, 2nd, 2022, the company reported net sales of $287.4 million, up 17.5% year over year. However, their net income was $4.9 million, a significant decrease from $29.4 million in the same period in the previous year. Their earnings per share were $0.16, missing the consensus estimate by $0.08.
Growth-wise, the company has made efforts to diversify its product line and expand its online presence. In 2020, they acquired the assets of American OEM, a leading manufacturer of kitchen and bath cabinets, to expand their product offerings and reach new customers.
Overall, Lumber Liquidators Holdings Inc. faced significant challenges due to the pandemic and supply chain issues but has been working to recover and expand its business through diversification and online growth strategies.
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