Lumber Liquidators Apr 20, 2020, 07:00 ET ... the Company has extended its return policy an additional 60 days. Sharing is caring. We offer expert advise and quality materials. No lumber. 3 reviews of Lumber Liquidators Flooring "Had a flawless experience. Lumber Liquidators Holdings (LL) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.03 per share. On April 17, the Company reached agreement with its lenders to amend its Senior Secured Credit Facilities. ... the Company has extended its return policy an additional 60 days. 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. 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. I agree to TheMaven'sTerms andPolicy. 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. Get the latest Lumber Liquidators Holdings, Inc LL detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. The Company is implementing a range of other measures to increase financial flexibility and maintain agility during this challenging time. "Following state and local orders, we have implemented flexible operating models and robust safety measures in our stores and have temporarily closed our corporate office and call center and are operating effectively from remote locations. Do I need to activate my account; if so, how do I activate it? View today's stock price, news and analysis for Lumber Liquidators Holdings Inc. (LL). In addition, rigorous expense management helped deliver a year-over-year reduction in adjusted SG&A as a percent of sales in the quarter. 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. Lumber and Hardware Store in Miami. "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. “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. Commitment to compliance, quality and the communities it serves: obligations related to and impacts of new laws and regulations, including pertaining to tariffs and exemptions; the outcomes of legal proceedings, and the related impact on liquidity; obtaining products from abroad, including the effects of pandemic, including COVID-19, and tariffs, as well as the effects of antidumping and countervailing duties; disruption to our business resulting from the COVID-19 pandemic. ... 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. 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. – Additional terms and conditions can be found in the Company’s April 20, 2020 Form 8-K filing with the Securities and Exchange Commission. 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. 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. Guaranteed low prices on pressure treated lumber, plywood, hardware, tools, fasteners, doors, and much more. The Company remains committed to serving its customers while keeping health and safety paramount. 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. 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. Lumber Liquidators Holdings, Inc. (Lumber Liquidators) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories. As of 11:20 a.m. EDT, the stock was trading 19% higher. Lumber Liquidators Holdings Inc. annual stock financials by MarketWatch. 20% off clearance sale items 2. That is because … To provide flexibility for both our Pro and DIY customers, the Company has extended its return policy an additional 60 days. 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 … Items that are most affected include: gloves, goggles, masks, respirators, cleaners, hand sanitizer, paper goods. Q.ai, LLC is a wholly owned subsidiary of Quantalytics Holdings, LLC (“Quantalytics”). No lumber. 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. The Company augmented its cash balance by borrowing $37 million under the amended ABL facility, and as of April 17, the Company had liquidity of approximately $120 million including approximately $41 million in cash and cash equivalents. If you received your card with a sticker on the front of it, you will need to call the number listed on the sticker to … 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. See reviews, photos, directions, phone numbers and more for Lumber Liquidators locations in Marysville, CA. 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 About Lumber Liquidators. See our updated policy here. 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 Holdings, Inc. is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. We're proud to serve do-it-yourself customers, as well as professionals, by offering over 400 varieties of floors at fantastic prices. Impacted employees will receive two weeks of pay and have the opportunity to utilize up to 80 hours of paid time off. Recently some of these promos include: 1. As a result, the Company currently anticipates filing its first quarter earnings report and Form 10-Q the week of May 25, 2020. 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. This … 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. In addition, the Company continues to evaluate the CARES Act and any potential impact on reported results. Lumber Liquidators Holdings Inc.’s founder is working on a bid to take the company private as he urges management to consider options for the chain, including a potential sale. Announces Agreement to be Acquired by The Home Depot, Inc. U.S. Lumber Coalition: U.S. Department of Commerce Confirms Continued Canadian Softwood Lumber Subsidies and Dumping in First Annual Administrative Review. This supplemental measure may vary from, and may not be comparable to, similarly titled measures by other companies. 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. Many stores are operating as warehouse-only, offering curbside pickup and home or jobsite delivery options. Click the stars to rate your cash back experience at Lumber Liquidators. Apr. Credit Facility Expansion and Enhanced Liquidity. 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. In addition, rigorous expense management helped deliver a year-over-year reduction in adjusted SG&A as a percent of sales in the quarter. 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. var jbannerAdPost = jQuery("#Grow_Sales_Lumber_LeaderboardAd"); Lumber Liquidators Investor Relations[email protected] Tel: 804-420-9801, Cision Distribution 888-776-0942 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. The Richmond, Virginia-based … Therefore, the Company believes that the presentation of non-GAAP financial measures provides useful supplementary information to, and facilitates additional analysis by, investors. ... Lumber Liquidators Provides COVID-19-Related Business Update ... PRESS RELEASES. Find 6 listings related to Lumber Liquidators in Port Orchard on YP.com. Find 1 listings related to Lumber Liquidators in Marysville on YP.com. --Lumber Liquidators, a leading specialty retailer of hard-surface flooring in North America, today provided an update related to COVID-19 and the Company's operations. UFP Industries Announces Agreement to Acquire PalletOne, Further Expanding Industrial Packaging Capabilities in the U.S. HD Supply Holdings, Inc. Lumber Liquidators CEO makes surprising admission During a Thursday morning conference call, Lumber Liquidators CEO Rob Lynch responded to a "60 Minutes" report that … 20% off clearance sale items 2. (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. 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. Lumber Liquidators Provides COVID-19-Related Business Update News provided by. As of 11:20 a.m. EDT, the stock was trading 19% higher. 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. About. 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. No liquidation. Over 29 years of strong and diverse sales, multi-unit, retail, and wholesale management experience. Employees and business partners may report or make inquiries anonymously if they choose, and can access the Integrity Hotline by: In addition, the Company continues to evaluate the CARES Act and any potential impact on reported results. This decision comes as the company continues to … 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. Shop laminate flooring, handscraped and engineered hardwood, bamboo … Had a very large job and LL couldn't have been any better. Shares of Lumber Liquidators traded sharply higher on Thursday, after the company reported upbeat earnings for the first quarter of 2020. var jarticle2 = jQuery("article p:nth-child(2)"); 5 Reviews (413) 349-4064 Website. 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. Lumber Liquidators offers a 90-day return window with a valid receipt. We're proud to serve do-it-yourself customers, as well as professionals, by offering over 400 varieties of floors at fantastic… "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. I was going to as for my money back because they where still in boxes. Up to 10% select products 4. 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. var jarticle3 = jQuery("article p:nth-child(3)"); Investors in Lumber Liquidators Holdings, Inc. LL need to pay close attention to the stock based on moves in the options market lately. They have demonstrated creativity, collaboration and caring as we continue to safely serve our customers.”. Credit Facility Expansion and Enhanced Liquidity. The retailer, with 370 stores and headquarters in Toana, Va., reported $63.4 million in income last year on sales of $1.1 billion. Returns for refunds must be made within 30 days of initial product receipt and are subject to a 20 percent restocking fee. “Following state and local orders, we have implemented flexible operating models and robust safety measures in our stores and have temporarily closed our corporate office and call center and are operating effectively from remote locations. 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. 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. Only negative is the cost kept going on by being nickeled and domed. See reviews, photos, directions, phone numbers and more for Lumber Liquidators locations in Marysville, CA. Shares of Lumber Liquidators traded sharply higher on Thursday, after the company reported upbeat earnings for the first quarter of 2020. Get directions, reviews and information for Lumber Liquidators Flooring in West Hatfield, MA. We're proud to serve do-it-yourself customers, as well as professionals, by offering over 400 varieties of floors at fantastic prices. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain new floors. 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. 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. Submit A Coupon for Lumber Liquidators here. 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. We were quite pleased with the whole experience. Lumber Liquidators said on Thursday that it would suspend the sale of Chinese-made laminate flooring following safety allegations. Lumber Liquidators Holdings, Inc. is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. 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. Contact Store For Details or Customer Care 800-214-3212. 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 October 22, 2015, Lumber Liquidators pleaded guilty in federal court to the illegal importation of hardwood flooring. Shares tumbled more than 16% Thursday. 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. View Lumber Liquidators Holdings, Inc LL investment & stock information. 20, 2020, 07:00 AM. Find 1 listings related to Lumber Liquidators in Marysville on YP.com. RICHMOND, Va. (AP) — Lumber Liquidators Holdings Inc. (LL) on Monday reported third-quarter profit of $15.5 million. 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. See reviews, photos, directions, phone numbers and more for Lumber Liquidators locations in Port Orchard, WA. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. Up to 10% select products 4. 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. ET, Sunday or online at www.lumberliquidators.com and click on Quality Commitment for more information. The Company remains committed to serving its customers while keeping health and safety paramount. Installed products are also not accepted for returns. About Lumber Liquidators. Q.ai is the trade name of Quantalytics Holdings, LLC. Lumber Liquidators accepts cash, checks, debit cards and credit cards. "I would like to thank our employees, customers, vendors and other stakeholders for their ongoing support," Tyson concluded. At Lumber Liquidators, we understand the right floor can transform a house into an extraordinary home. On April 17, the Company reached agreement with its lenders to amend its Senior Secured Credit Facilities. ET, Monday through Friday 9 a.m. to 6 p.m. Flooring is all we do. Until further notice, we will be closing at 6 pm every day. This includes continuing to build out its enhanced web platform, evolve its brand and deliver an enhanced experience for its Pro and DIY customers. 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. Flooring is all we do. Just quality flooring, and a team of flooring experts to help you every step of the way. $30 off tools 3. [Covid-19 Update] At LL Flooring, we understand the right floor can transform a house into an extraordinary home. 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. The Company is implementing a range of other measures to increase financial flexibility and maintain agility during this challenging time. The Company augmented its cash balance by borrowing $37 million under the amended ABL facility, and as of April 17, the Company had liquidity of approximately $120 million including approximately $41 million in cash and cash equivalents. April 20, 2020 Company Press Release. Lumber Liquidators Provides COVID-19-Related Business Update. – An increased advance rate against inventory under the borrowing base 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. Lumber Liquidators Holdings (LL) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.03 per share. 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. No liquidation. Lumber Liquidators is one of North America's leading specialty retailers of hard-surface flooring with 419 stores as of December 31, 2019. Specialties: At LL Flooring, we understand the right floor can transform a house into an extraordinary home. 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. While near-term flexibility dominates current priorities, the Company continues to execute key strategic initiatives to position for recovery. 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. There are so many Lumber Liquidators promo codes that you do not want to miss out on. 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 Worlds #1 … Cash Back Rating. They have demonstrated creativity, collaboration and caring as we continue to safely serve our customers.". This non-GAAP financial measure should be viewed in addition to, and not in lieu of, financial measures calculated in accordance with GAAP. “I would like to thank our employees, customers, vendors and other stakeholders for their ongoing support,” Tyson concluded. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain new floors. ... On purchases of $2,000 or more made with your Lumber Liquidators credit card from December 2 - 15, 2020. We will continue to be open 7 days a week. from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.lumberliquidators.com/quality. Michael Parr, Brad Farmer, Nancy Cranston, grandchildren of the founder, play active roles within The Parr Company and continue the proud family ownership. 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