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Lumber Liquidators (LL) Tops Q2 EPS by 12c; Raises Outlook

July 24, 2013 7:16 AM EDT
Lumber Liquidators (NYSE: LL) reported Q2 EPS of $0.73, $0.12 better than the analyst estimate of $0.61. Revenue for the quarter came in at $257.1 million versus the consensus estimate of $243.4 million.

Lumber Liquidators sees FY2013 EPS of $2.45-$2.60, versus prior guidance of $2.1-$2.35 and the consensus of $2.43. Lumber Liquidators sees FY2013 revenue of $940-963 million, versus prior guidance of $913-942 million and the consensus of $946.7 million.

Robert M. Lynch, President and Chief Executive Officer, commented, "The team focused on our key strategic initiatives and achieved outstanding results through the important spring remodeling season. Our value proposition of price, selection, quality, availability and expertise continues to be recognized by a growing customer base, and our commitment to continuous improvement drove strong performance throughout the organization. We are pleased that our coordinated efforts enabled us to capture additional market share and deliver record operating margin."

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


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