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Lumber Liquidators Holdings Inc (LL.N)

LL.N on New York Stock Exchange

19.15USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Lumber Liquidators says Q4 sales rose 4.3 pct
Tuesday, 21 Feb 2017 07:51am EST 

Lumber Liquidators Holdings Inc : Net sales in the fourth quarter of 2016 were $244.9 million, an increase of 4.3 percent . Quarterly loss of $0.20 per diluted share .Q4 earnings per share view $-0.31, revenue view $242.2 million -- Thomson Reuters I/B/E/S.  Full Article

Lumber Liquidators says US District Court granted approval of proposed settlement in securities class action
Thursday, 17 Nov 2016 05:15pm EST 

Lumber Liquidators Holdings Inc : United States District Court granted final approval of proposed settlement in consolidated securities class action . On Nov 17, court entered final judgment dismissing all claims with respect to all defendants in securities litigation and derivative litigation . Pursuant to terms of securities class action stipulation, co issued shares on Nov 17, 2016 with an approximate value of $16.8 million . Derivative litigation to be settled for combination of corporate governance changes, payment of $26.0 million in insurance proceeds . Expects to contribute, through its insurers, $26.0 million in cash to a settlement fund in Q4 of 2016 - SEC filing . In Q4 of 2016, company expects to recognize a non-cash, pre-tax gain of approximately $2.9 million .Expects to record a $26.0 million reduction to both insurance receivable, accrued securities class action.  Full Article

Lumber Liquidators reports Q3 results
Monday, 31 Oct 2016 06:01am EDT 

Lumber Liquidators Holdings Inc : Lumber Liquidators Holdings Inc says gross margin was 31.4 pct in Q3 of 2016, compared with 30.1 pct in prior year period . Q3 sales $244.1 million versus I/B/E/S view $231.6 million . Q3 loss per share $0.68 .Q3 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S.  Full Article

Lumber Liquidators Holdings, units entered into a third amended and restated credit agreement
Friday, 19 Aug 2016 04:32pm EDT 

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 04:30pm EDT 

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 06:00am EDT 

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 05:03pm EDT 

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 06:30pm EDT 

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 08:56am EDT 

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 06:59am EDT 

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

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Lumber Liquidators loss widens amid settlement uncertainty

Lumber Liquidators Holdings Inc reported a bigger quarterly loss, hurt by higher marketing expenses to woo back customers, and said it could not provide a timeline for potential settlements with regulators, or an outlook for its business.