A highly fragmented market and inconsistent customer demand — thanks, in large part, to inclement weather — were not enough to dampen Lumber Liquidators’ results in the fourth quarter.
Lumber Liquidators has raised its full year 2013 outlook based on year-to-date results and current trends.
Lumber Liquidators increased its net income in the third quarter of fiscal 2013 58.4% to $20.4 million, from $12.9 million in the year-ago period.
Fast-growing flooring retailer Lumber Liquidators got an unpleasant surprise on Thursday when representatives from several federal agencies showed up at the company’s Toano, Va., headquarter with search warrants in hand.
Lumber Liquidators second-quarter sales increased 4% to $175.5 million, up from $168.7 million in the same quarter last year.
Lumber Liquidators announced the appointment of Robert M. Lynch as the company's president and COO, with an anticipated start date of Jan. 17, 2011.