Lumber Liquidators (LL) Tops Q4 EPS by 5c, Offers Outlook

Lumber Liquidators (NYSE: LL) reported Q4 EPS of $0.17, $0.05 better than the analyst estimate of $0.12. Revenue for the quarter came in at $268.9 million versus the consensus estimate of $272.54 million.

The Company also announces today that its Chief Financial Officer, Martin D. Agard, will resign from the Company effective April 5, 2019 to accept a new role with a company in Florida. Mr. Agard has been the Company’s Chief Financial Officer since September 2016 and has been instrumental in the rebuilding of the Company’s finance function and clearing many of the legacy issues the Company has faced. The Company has retained Herbert Mines Associates, a leading executive search firm, to assist in a comprehensive search for a new CFO, which will commence immediately.

2019 Outlook

The Company introduced 2019 full-year expectations as follows:

• Total revenue growth percentage in the mid-single digits;
• Comparable store sales growth percentage flat to low-single digits;
• Adjusted Operating Margin (a non-GAAP measure) of 1.9% to 2.4%;
• Opening 10 to 15 new stores during the year; and
• Capital spending of $15 to $18 million.

The Company also noted 2019 first quarter expectations as follows:

• Comparable store sales growth percentage in the negative low-single digits;
• Adjusted Gross Margin (a non-GAAP measure) in range of 34.5% to 35.0% due to tariff impact;
• Adjusted operating loss of $3 to $5 million.

For earnings history and earnings-related data on Lumber Liquidators (LL) click here.

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