In addition, rigorous expense management helped deliver a year-over-year reduction in adjusted SG&A as a percent of sales in the quarter. The Richmond, Virginia-based … Flooring is all we do. At this point in time, in compliance with local and state regulatory orders, the Company is providing customers with product from all but 20 of its 420 stores. Every location is staffed with flooring experts who can provide advice, pro services and installation options for all of Lumber Liquidators’ products, much of which is in stock and ready for delivery. Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America, today provided an update related to COVID-19 and the Company's operations. Find 6 listings related to Lumber Liquidators in Port Orchard on YP.com. 5 Reviews (413) 349-4064 Website. Lumber Liquidators at 800-366-4204 from 8 a.m. to 8 p.m. ", Update on Preliminary Unaudited First Quarter 2020 Results (quarter ended March 31, 2020). While the Facilities maturity remains March 2024, the amendment is effective through August 30, 2020 and provides: – An increase in the senior asset-based revolving credit facility from $175 million to $212.5 million which increases the total availability under the Senior Secured Credit Facilities from $200 million to $237.5 million, subject to the borrowing base calculation Despite softening sales in late March, gross margin percent increased in the quarter versus first quarter last year driven by margin optimization and supply chain efficiency efforts. The Company is also implementing a temporary reduction in all salaried employee compensation including a 25% reduction in the base pay of the interim President, the Chief Financial Officer and other C-level executives, and a corresponding 30% reduction in the cash compensation of the Board of Directors. On April 17, the Company reached agreement with its lenders to amend its Senior Secured Credit Facilities. Lumber Liquidators Provides COVID-19-Related Business Update. Get the latest Lumber Liquidators Holdings, Inc LL detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. As a result, the Company currently anticipates filing its first quarter earnings report and Form 10-Q the week of May 25, 2020. No liquidation. Until further notice, we will be closing at 6 pm every day. While near-term flexibility dominates current priorities, the Company continues to execute key strategic initiatives to position for recovery. Investors in Lumber Liquidators Holdings, Inc. LL need to pay close attention to the stock based on moves in the options market lately. Source: Lumber Liquidators Holdings, Inc. As the leading provider of in-depth business and credit information on the domestic lumber & forest products industry, a membership with Blue Book Services gives you access to: var jarticle1 = jQuery("article p:nth-child(1)"); [Covid-19 Update] At LL Flooring, we understand the right floor can transform a house into an extraordinary home. While the Facilities maturity remains March 2024, the amendment is effective through August 30, 2020 and provides: This amendment, in addition to the steps described in the Business Update, provides meaningful incremental liquidity to aid in weathering COVID-19-related challenges. Despite the adverse impacts of COVID-19, solid online sales, virtual sales consultation and strength in the vinyl category are likely to have aided Lumber Liquidators' (LL) Q3 results. We offer expert advise and quality materials. The Company remains committed to serving its customers while keeping health and safety paramount. Due to COVID-19, there are shortages of some products, and some orders of essential items might not be able to be filled. 18 reviews of Lumber Liquidators Flooring "I bought floors right before the 60 mins tv show aired,and had them in my house still in boxes waiting for euro hardwood flooring to come and install them because I had a appointment. We will continue to be open 7 days a week. See reviews, photos, directions, phone numbers and more for Lumber Liquidators locations in Marysville, CA. Due to the ongoing uncertainty created by COVID-19, the Company is withdrawing its annual 2020 financial guidance that was provided on February 25, 2020. Impacted employees will receive two weeks of pay and have the opportunity to utilize up to 80 hours of paid time off. Cash Back Rating. They have demonstrated creativity, collaboration and caring as we continue to safely serve our customers.". Rate Lumber Liquidators Offers Lumber Liquidator provides hardware floors for homes and businesses. We're proud to serve do-it-yourself customers, as well as professionals, by offering over 400 varieties of floors at fantastic… The Company intends to utilize the Securities and Exchange Commission's extended filing deadline for its first quarter earnings report and Form 10-Q as relevant resources have been focused on responding to the COVID-19 crisis. These measures include reducing costs, managing inventory flow, deferring payments, and delaying or stopping non-critical projects such as pausing the planned opening of certain new stores and reducing capital spending. Shares of Lumber Liquidators traded sharply higher on Thursday, after the company reported upbeat earnings for the first quarter of 2020. Had a very large job and LL couldn't have been any better. Lumber Liquidators CEO Robert Lynch has abruptly quit the company, which is embroiled in an investigation over products imported from China. That is because … View today's stock price, news and analysis for Lumber Liquidators Holdings Inc. (LL). Shipping fees are not eligible for a refund. "The health and safety of our customers, employees and communities remains our top priority as we adjust our operations to respond to COVID-19, strive to meet the needs of our customers nationally and navigate the dynamic current environment," said interim President Charles Tyson. Finally, store managers are proactively engaging with Pro customers to continue to meet their unique needs by offering expanded phone and online access and providing convenient pickup and delivery options. Guaranteed low prices on pressure treated lumber, plywood, hardware, tools, fasteners, doors, and much more. Returns are not accepted on opened boxes, custom orders, close-outs, or odd lots. The Company is implementing a range of other measures to increase financial flexibility and maintain agility during this challenging time. About. Customers can make use of the website’s Floor Finder service by mentioning the desired color, price range, and the location of flooring and it will generate all of the possible flooring options. A $30 fee may be assessed for returned checks. Lumber Liquidators CEO makes surprising admission During a Thursday morning conference call, Lumber Liquidators CEO Rob Lynch responded to a "60 Minutes" report that … Lumber Liquidators Holdings (LL) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.03 per share. This … LL Flooring Reports Third Quarter 2020 Financial Results... LL Flooring To Report Third Quarter 2020 Results On November 2,... An increase in the senior asset-based revolving credit facility from, An increased advance rate against inventory under the borrowing base, Additional terms and conditions can be found in the Company's. “Lumber Liquidators has undergone a significant transformation in recent years and today is a new company led by an entirely new management team that … They have demonstrated creativity, collaboration and caring as we continue to safely serve our customers.”. Web traffic has increased meaningfully in recent weeks, and adapting to the change in consumer behaviors, the Company is currently offering free online flooring samples, extended hours for voice and click-to-chat customer support, curbside store pickup and enhanced home delivery options. “I am confident in our teams’ ability to persevere during these challenging times, and I am proud of how our stores, distribution facilities, contact and support centers and the corporate office have come together in response to this pandemic. Web traffic has increased meaningfully in recent weeks, and adapting to the change in consumer behaviors, the Company is currently offering free online flooring samples, extended hours for voice and click-to-chat customer support, curbside store pickup and enhanced home delivery options. (PRNewsfoto/Lumber Liquidators) "I would like to thank our associates for their commitment, flexibility and dedication to providing outstanding service to our customers during these uncertain times," said President and Chief Executive Officer Charles Tyson. Aligning with these priorities, the Company is executing a variety of flexible operating models that utilize safety measures such as personal protective equipment for employees and allow for contact-free engagement. ET, Monday through Friday 9 a.m. to 6 p.m. See our updated policy here. For returns, purchases made by cash or check will be refunded by check within 5-10 business days and purchases by credit or debit card will be credited back to the credit or debit card used for the purchase. Lumber Liquidators Return Policy. 50% off grout if you buy any tile flooring Even if you already have a Lumber Liquidators coupon, you can use these codes for even more savings. The Company intends to utilize the Securities and Exchange Commission’s extended filing deadline for its first quarter earnings report and Form 10-Q as relevant resources have been focused on responding to the COVID-19 crisis. Q.ai, LLC is a wholly owned subsidiary of Quantalytics Holdings, LLC (“Quantalytics”). While near-term flexibility dominates current priorities, the Company continues to execute key strategic initiatives to position for recovery. The Company features more than 400 varieties of floors in the latest styles, including waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, porcelain tile and cork flooring. This decision comes as the company continues to … 50% off grout if you buy any tile flooring Even if you already have a Lumber Liquidators coupon, you can use these codes for even more savings. Over 29 years of strong and diverse sales, multi-unit, retail, and wholesale management experience. These statements are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company's control. Aligning with these priorities, the Company is executing a variety of flexible operating models that utilize safety measures such as personal protective equipment for employees and allow for contact-free engagement. In addition, the Company will pay the employee portion of benefit premiums for any employee impacted beyond four weeks through the end of May 2020. obligations under various settlement agreements and other compliance matters; disruption due to cybersecurity threats, including any impacts from a network security incident; inability to open new stores, find suitable locations for our new store concept, and fund other capital expenditures; inability to execute on our key initiatives or such key initiatives do not yield desired results; disruption in our ability to distribute our products, including due to disruptions from the impacts of severe weather; managing third-party installers and product delivery companies; renewing store, warehouse, or other corporate leases; our, and our suppliers', compliance with complex and evolving rules, regulations, and laws at the federal, state, and local level; disruption in our ability to obtain products from our suppliers; availability of suitable hardwood, including due to disruptions from the impacts of severe weather; changes in economic conditions, both domestic and abroad; sufficient insurance coverage, including cybersecurity insurance; the handling of confidential customer information, including the impacts from the California Consumer Privacy Act; management information systems disruptions; our advertising and overall marketing strategy; impact of changes in accounting guidance, including the implementation guidelines and interpretations; maintenance of valuation allowances on deferred tax assets and the impacts thereof. Only negative is the cost kept going on by being nickeled and domed. Shares tumbled more than 16% Thursday. 20, 2020, 07:00 AM. tools, to serve customers at LLFlooring.com. In addition, the Company is leveraging its strategic investments in digital capabilities made over the past 18 months, including the Floor Finder and Picture It! The next day I called lumber liquidators because I was scared to have them installed in my house. Through the week ending March 21, 2020, the Company's quarter-to-date comparable store sales increased approximately 4%, but as the impact of COVID-19 began to broadly impact consumers, orders declined significantly and first quarter comparable stores sales eroded to approximately negative 1% by the end of the quarter. Lumber Liquidators accepts cash, checks, debit cards and credit cards. The U.S. Consumer Product Safety Commission said it is investigating Lumber Liquidators Holdings after the hardwood-flooring company was accused of selling unsafe laminate flooring. Lumber Liquidators Apr 20, 2020, 07:00 ET ... the Company has extended its return policy an additional 60 days. At this point in time, in compliance with local and state regulatory orders, the Company is providing customers with product from all but 20 of its 420 stores. This press release includes statements of the Company's expectations, intentions, plans and beliefs that constitute "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995. In addition, the Company is leveraging its strategic investments in digital capabilities made over the past 18 months, including the Floor Finder and Picture It! See reviews, photos, directions, phone numbers and more for Lumber Liquidators locations in Port Orchard, WA. All stores are temporarily operating under reduced hours and closed on Sundays. Lumber Liquidators Holdings, Inc. is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. $30 off tools 3. Through these efforts, the Company expects to drive traffic and transactions in stores and online and improve profitability over time. To supplement the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses Adjusted SG&A as a percentage of net sales. As a result, the Company currently anticipates filing its first quarter earnings report and Form 10-Q the week of May 25, 2020. Lumber Liquidators said on Thursday that it would suspend the sale of Chinese-made laminate flooring following safety allegations. Largest selection of lumber, building materials and DIY supplies. I agree to TheMaven'sTerms andPolicy. Designer kitchen, bath, and lighting showroom. Sharing is caring. Lumber Liquidators Holdings’ stock plunge over the past week, fueled by allegations of excessive formaldehyde in its flooring, can be traced back to a … We have also taken appropriate steps to preserve liquidity by reducing costs, managing inventory flow, deferring payments, and working with our lenders to temporarily expand our credit facility as we adapt to the evolving landscape. Lumber and Hardware Store in Miami. 18 reviews of Lumber Liquidators Flooring "I bought floors right before the 60 mins tv show aired,and had them in my house still in boxes waiting for euro hardwood flooring to come and install them because I had a appointment. 20% off clearance sale items 2. Lumber Liquidators is one of North America's leading specialty retailers of hard-surface flooring with 422 stores as of June 30, … In addition, the Company continues to evaluate the CARES Act and any potential impact on reported results. Recently some of these promos include: 1. No lumber. Q.ai is the trade name of Quantalytics Holdings, LLC. Installed products are also not accepted for returns. Lumber Liquidators did not return a call for comment. Lumber Liquidators Flooring Company is the nation's largest specialty retailer of hardwood flooring. Menu & Reservations Make Reservations . Lumber Liquidators offers a 90-day return window with a valid receipt. Through these efforts, the Company expects to drive traffic and transactions in stores and online and improve profitability over time. The next day I called lumber liquidators because I was scared to have them installed in my house. ... Each contractor is committed to follow state, county, and local government restrictions issued to reduce the spread of COVID-19, including the use of gloves, masks and other appropriate protective gear. “I would like to thank our employees, customers, vendors and other stakeholders for their ongoing support,” Tyson concluded. This … Lumber Liquidators Holdings Inc. annual stock financials by MarketWatch. See reviews, photos, directions, phone numbers and more for Lumber Liquidators locations in Marysville, CA. Lumber Liquidators is now LL Flooring. Returns for refunds must be made within 30 days of initial product receipt and are subject to a 20 percent restocking fee. Lumber Liquidators (the “Company”), a leading specialty retailer of hard-surface flooring in North America, today provided an update related to COVID-19 and the Company’s operations. var jbannerAdPost = jQuery("#Grow_Sales_Lumber_LeaderboardAd"); Due to the ongoing uncertainty created by COVID-19, the Company is withdrawing its annual 2020 financial guidance that was provided on February 25, 2020. Lumber Liquidators began in 1993 and now operates 352 retail stores in 46 states and online. Credit Facility Expansion and Enhanced Liquidity. To provide flexibility for both our Pro and DIY customers, the Company has extended its return policy an additional 60 days. The Company is also implementing a temporary reduction in all salaried employee compensation including a 25% reduction in the base pay of the interim President, the Chief Financial Officer and other C-level executives, and a corresponding 30% reduction in the cash compensation of the Board of Directors. Specialties: At LL Flooring, we understand the right floor can transform a house into an extraordinary home. Many stores are operating as warehouse-only, offering curbside pickup and home or jobsite delivery options. In addition, the Company continues to evaluate the CARES Act and any potential impact on reported results. Finally, store managers are proactively engaging with Pro customers to continue to meet their unique needs by offering expanded phone and online access and providing convenient pickup and delivery options. As of 11:20 a.m. EDT, the stock was trading 19% higher. The health and safety of our customers, employees and communities remains our top priority as we adjust our operations to respond to COVID-19, strive to meet the needs of our customers nationally and navigate the dynamic current environment,” said interim President Charles Tyson. Installers were amazing to work with and very good at their job. Despite the adverse impacts of COVID-19, solid online sales, virtual sales consultation and strength in the vinyl category are likely to have aided Lumber Liquidators' (LL) Q3 results. Up to 10% select products 4. The non-GAAP financial measure is presented because management uses this non-GAAP financial measure to evaluate the Company's operating performance and, in certain cases, to determine incentive compensation. Because a name should reflect who you are. The presented non-GAAP financial measures exclude items that management does not believe reflect the Company's core operating performance, which include regulatory and legal settlements and associated legal and operating costs, as such items are outside the control of the Company or are due to their inherent unusual, non-operating, unpredictable, non-recurring or non-cash nature. Lumber Liquidators Provides COVID-19-Related Business Update. No liquidation. Every location is staffed with flooring experts who can provide advice, pro services and installation options for all of Lumber Liquidators' products, much of which is in stock and ready for delivery. Find 1 listings related to Lumber Liquidators in Marysville on YP.com. Lumber Liquidators is one of North America's leading specialty retailers of hard-surface flooring with 419 stores as of December 31, 2019. var jarticle2 = jQuery("article p:nth-child(2)"); Information regarding these and other additional risks and uncertainties is contained in the Company's other reports filed with the Securities and Exchange Commission, including the Item 1A, "Risk Factors," section of the Form 10-K for the year ended December 31, 2019. These measures include reducing costs, managing inventory flow, deferring payments, and delaying or stopping non-critical projects such as pausing the planned opening of certain new stores and reducing capital spending. These risks include, without limitation, the impact on us of any of the following: The Company specifically disclaims any obligation to update these statements, which speak only as of the dates on which such statements are made, except as may be required under the federal securities laws. Items that are most affected include: gloves, goggles, masks, respirators, cleaners, hand sanitizer, paper goods. View today's stock price, news and analysis for Lumber Liquidators Holdings Inc. (LL). Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain new floors. Lumber Liquidators Provides COVID-19-Related Business Update News provided by. The Company is implementing a range of other measures to increase financial flexibility and maintain agility during this challenging time. Lumber Liquidators Holdings Inc. LL, -1.17% disclosed Wednesday it will pay up to $30 million as part of a settlement of a class-action suit over its … CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. UFP Industries Announces Agreement to Acquire PalletOne, Further Expanding Industrial Packaging Capabilities in the U.S. HD Supply Holdings, Inc. This supplemental measure may vary from, and may not be comparable to, similarly titled measures by other companies. View Lumber Liquidators Holdings, Inc LL investment & stock information. Covid-19 Likely in U.S. in Mid-December 2019, Scientists Report Coming Tuesday: An Idea Who Will Get First Covid-19 Vaccines Cities Dealt a Blow as Return to Office Fades Michael Parr, Brad Farmer, Nancy Cranston, grandchildren of the founder, play active roles within The Parr Company and continue the proud family ownership. var jarticle3 = jQuery("article p:nth-child(3)"); Impacted employees will receive two weeks of pay and have the opportunity to utilize up to 80 hours of paid time off. This includes continuing to build out its enhanced web platform, evolve its brand and deliver an enhanced experience for its Pro and DIY customers. These statements, which may be identified by words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "predicts," "could," "projects," "potential" and other similar terms and phrases, are based on the beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company's management as of the date of such statements. Up to 10% select products 4. The Worlds #1 … if(jarticle3.length > 0) jbannerAdPost.appendTo(jQuery(jarticle3[jarticle3.length-1])); else if(jarticle2.length > 0) jbannerAdPost.appendTo(jQuery(jarticle2[jarticle2.length-1])); else if(jarticle1.length> 0) jbannerAdPost.appendTo(jQuery(jarticle1[jarticle1.length-1])); else jbannerAdPost.hide();//??????? Credit Facility Expansion and Enhanced Liquidity. Lumber Liquidators Holdings, Inc. (Lumber Liquidators) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories. All stores are temporarily operating under reduced hours and closed on Sundays. Lumber Liquidators, now known as LL Flooring, offers a wide range of materials and colors of laminate and hardwood floors at low prices. This decision comes as the company continues to … April 20, 2020 Company Press Release. As a result of reduced demand and the changes in the current operating model related to COVID-19, the Company made the difficult decision to temporarily furlough approximately 300 store associates and reduce operating hours in its distribution centers. RICHMOND, Va., April 20, 2020 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America, today provided an update related to COVID-19 and the Company's operations. Lumber Liquidators Investor Relations[email protected] Tel: 804-420-9801, Cision Distribution 888-776-0942 On April 17, the Company reached agreement with its lenders to amend its Senior Secured Credit Facilities. 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