Edition:
United Kingdom

Lumber Liquidators Holdings Inc (LL.N)

LL.N on New York Stock Exchange

29.42USD
18 Jan 2018
Change (% chg)

$0.01 (+0.03%)
Prev Close
$29.41
Open
$29.41
Day's High
$29.70
Day's Low
$28.79
Volume
108,779
Avg. Vol
182,815
52-wk High
$41.32
52-wk Low
$15.00

Latest Key Developments (Source: Significant Developments)

Lumber Liquidators announces Q3 loss per share $0.66
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Lumber Liquidators Holdings Inc :Lumber Liquidators announces third quarter 2017 financial results.Q3 sales $257.2 million versus I/B/E/S view $261.7 million.Q3 same store sales rose 3.8 percent.Q3 loss per share $0.66.Q3 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Lumber Liquidators Holdings Inc says it ‍remains "confident in long-term strength" of its business model​.Lumber Liquidators - ‍SG&A negatively impacted in quarter by $18 million increase to reserve for MOU related to MDL and Abrasion MDL, asset impairment.  Full Article

Lumber Liquidators says as result of settlement of MDL, recognized additional charge to earnings of $18 mln within SG&A expense during Q3 2017
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Lumber Liquidators Holdings Inc ::Lumber Liquidators -as result of settlement of MDL, recognized additional charge to earnings of $18 million within SG&A expense during Q3 2017.  Full Article

Lumber Liquidators announces MOU to settle class actions related to chinese-laminate flooring
Tuesday, 24 Oct 2017 

Oct 25 (Reuters) - Lumber Liquidators Holdings Inc :Lumber Liquidators Holdings Inc announces memorandum of understanding to settle class actions related to chinese-laminate flooring.Lumber Liquidators Holdings Inc - ‍co,plaintiffs in formaldehyde mdl​,entered into MOU to settle litigation related to chinese-manufactured laminate flooring sold by co.Lumber Liquidators Holdings Inc - co to contribute $22 million in cash and provide $14 million in store-credit vouchers for an aggregate settlement of $36 million​.  Full Article

Lumber Liquidators Holdings, units entered into a third amended and restated credit agreement
Friday, 19 Aug 2016 

Lumber Liquidators Holdings Inc : On August 17, co, units entered into a third amended and restated credit agreement - SEC filing . Borrowers also have the option to increase revolving credit facility up to a maximum total amount of $200 million .Under the credit agreement, the agent and the lenders increased revolving credit facility from $100 million to $150 million.  Full Article

Lumber Liquidators to get $100,000 settlement for costs incurred in defending lawsuit
Tuesday, 16 Aug 2016 

Lumber Liquidators Holdings Inc : Lumber Liquidators announces final resolution in Proposition 65 lawsuit . Company to also receive $100,000 settlement from plaintiffs for costs incurred in defending lawsuit .Agreement also requires plaintiffs to surrender their right to appeal or challenge judgment.  Full Article

Lumber Liquidators posts Q2 loss of $0.45/share
Wednesday, 27 Jul 2016 

Lumber Liquidators Holdings Inc: Lumber Liquidators announces second quarter 2016 financial results . Q2 loss per share $0.45 . Q2 sales $238.1 million versus I/B/E/S view $240.6 million . Q2 earnings per share view $-0.25 -- Thomson Reuters I/B/E/S . Qtrly non-comparable store net sales increased $8.1 million over comparable prior year period . Qtrly comparable store net sales decline of 7.2% . Gross margin was 29.7% in Q2 of 2016, compared with 25.1% in prior year period . Believes customers invoiced impacted by change in strategy from promotional period prior year to strategic pricing approach .Believes demand for certain product categories decreased as assortment of products did not match changes in customer trends.  Full Article

Lumber Liquidators entered into agreement with derivative defendants
Friday, 22 Jul 2016 

Lumber Liquidators Holdings Inc : In addition, will issue 1 million shares of its stock to securities class action fund with a value of approximately $16.0 million . On July 18, 2016, company entered into a definitive settlement agreement with derivative defendants - SEC filing .Will give $26.0 million to settlement fund to be used to compensate those who bought co's shares during Feb 22, 2012 to feb 27, 2015.  Full Article

U.S. CPSC says Lumber Liquidators agreed not to resume sales of laminate wood flooring previously imported from China
Thursday, 16 Jun 2016 

U.S. CPSC : Lumber liquidators agreed to not resume sales of laminate wood flooring previously imported from china . Lumber liquidators will continue its voluntary program to test for formaldehyde emissions in consumers’ homes . Any future sale, disposal or transfer of the inventory can only take place with cpsc’s approval .In homes where chinese-made laminate flooring is found to emit elevated levels of formaldehyde, lumber liquidators will provide any required remediation.  Full Article

Lumber Liquidators : Expect legal costs to remain "elevated in the forseeable future" - conf call
Tuesday, 10 May 2016 

Lumber Liquidators Holdings Inc : Expect legal costs to remain "elevated in the forseeable future" - conf call . Further company coverage [LL.N] ((Bengaluru Newsroom; +1 646 223 8780)).  Full Article

Lumber Liquidators suspends share buyback plan
Tuesday, 10 May 2016 

Lumber Liquidators Holdings : Believe legal, professional fees will remain above historic levels as we work through remaining matters-SEC filing . Insurance coverage for addressing some legal issues to be exhausted due to settlement under securities class action MOU terms-SEC filing .Says suspended share buyback plan until better able to evaluate long-term customer demand, assess operations and cash flow-SEC filing.  Full Article

BRIEF-Lumber Liquidators Appoints Of Famous P. Rhodes To Board

* LUMBER LIQUIDATORS ANNOUNCES APPOINTMENT OF FAMOUS P. RHODES TO BOARD OF DIRECTORS