Docoh
Loading...

LL Lumber Liquidators

Lumber Liquidators Holdings, Inc. operates as a multi channel specialty retailer of hardwood flooring and hardwood flooring enhancements and accessories in the United States. The firm offers exotic and domestic hardwood species, engineered hardwood, laminate, vinyl plank, bamboo and cork direct to the consumer. It also provides flooring enhancements and accessories, including moldings, noise reducing underlay, adhesives and flooring tools. The company was founded by Thomas David Sullivan in 1993 and is headquartered in Richmond, VA.

Company profile

Ticker
LL
Exchange
CEO
Charles E. Tyson
Employees
Location
Fiscal year end
Former names
Lumber Liquidators, Inc.
SEC CIK
IRS number
271310817

LL stock data

(
)

Calendar

1 Mar 21
5 Mar 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 169.94M 169.94M 169.94M 169.94M 169.94M 169.94M
Cash burn (monthly) 9.8M (positive/no burn) (positive/no burn) (positive/no burn) 7.91M (positive/no burn)
Cash used (since last report) 21.17M n/a n/a n/a 17.07M n/a
Cash remaining 148.77M n/a n/a n/a 152.87M n/a
Runway (months of cash) 15.2 n/a n/a n/a 19.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Mar 21 Timothy J Mulvaney Common Stock Payment of exercise Dispose F No No 23.82 189 4.5K 39,907
1 Mar 21 Martin F Roper Common Stock Grant Aquire A No No 0 841 0 132,570
1 Mar 21 Graham Terri F Common Stock Grant Aquire A No No 0 575 0 18,187
28 Feb 21 Jennifer Bohaty Common Stock Payment of exercise Dispose F No No 24.77 376 9.31K 22,075
28 Feb 21 Timothy J Mulvaney Common Stock Payment of exercise Dispose F No No 24.77 451 11.17K 40,096
79.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 164 151 +8.6%
Opened positions 28 36 -22.2%
Closed positions 15 26 -42.3%
Increased positions 48 45 +6.7%
Reduced positions 63 43 +46.5%
13F shares
Current Prev Q Change
Total value 703.37M 496.94M +41.5%
Total shares 22.88M 22.54M +1.5%
Total puts 697.6K 461.8K +51.1%
Total calls 824.6K 1.07M -22.9%
Total put/call ratio 0.8 0.4 +95.9%
Largest owners
Shares Value Change
BLK Blackrock 4.52M $139.02M +4.1%
TROW T. Rowe Price 3.45M $106.19M +3.5%
Vanguard 1.9M $58.35M +9.1%
FMR 1.03M $31.67M NEW
Gagnon Securities 920.38K $28.29M -0.1%
D. E. Shaw & Co. 895.09K $27.52M -1.9%
Dimensional Fund Advisors 854.5K $26.27M +1.0%
STT State Street 811.12K $24.93M -5.6%
Royce & Associates 515.89K $15.86M -15.7%
IVZ Invesco 455.91K $14.02M +34.0%
Largest transactions
Shares Bought/sold Change
FMR 1.03M +1.03M NEW
FIL 0 -1.03M EXIT
Citadel Advisors 259.32K +233.09K +888.8%
Voloridge Investment Management 0 -225.47K EXIT
Acadian Asset Management 191.09K +191.09K NEW
GS Goldman Sachs 347.48K +187.99K +117.9%
BLK Blackrock 4.52M +178.06K +4.1%
Vanguard 1.9M +157.78K +9.1%
Arrowstreet Capital, Limited Partnership 279.15K -151.5K -35.2%
IVZ Invesco 455.91K +115.69K +34.0%

Financial report summary

?
Risks
  • The ongoing COVID-19 pandemic has disrupted, and may continue to disrupt, our business, which could adversely affect our financial performance
  • Our growth strategy depends in part on our ability to open new stores and is subject to many unpredictable factors.
  • Failure to manage our growth effectively could harm our business and operating results.
  • Increased transportation costs could harm our results of operations.
  • Damage, destruction or disruption of our distribution centers could significantly impact our operations and impede our ability to distribute certain of our products.
  • Our representative office in China may present increased legal and operational risks.
  • Failure to effectively manage our third-party installers may present increased legal and operational risks.
  • Unfavorable allegations, government investigations and legal actions surrounding our products or us could harm our reputation and impair our ability to grow or sustain our business.
  • We are involved in a number of legal proceedings and, while we cannot predict the outcomes of these proceedings and other contingencies with certainty, some of the outcomes of these proceedings could adversely affect our business and financial condition.
  • Our overall compliance program, including the Lacey Compliance Plan, is complex and costly to maintain. A failure to manage these programs could adversely affect our ability to conduct business, result in significant fines and other penalties, damage our brand and reputation, and, consequently, negatively impact our financial position and results of operations.
  • Our insurance coverage and self-insurance reserves may not cover existing or future claims.
  • Federal, provincial, state or local laws and regulations, including tariffs, or our failure to comply with such laws and regulations, and our obligations under certain settlement agreements related to our products could increase our expenses, restrict our ability to conduct our business and expose us to legal risks.
  • Our ability and cost to obtain cost-effective products, especially from China and other international suppliers, and the operations of many of our international suppliers are subject to risks that may be beyond our control and that could harm our operations and profitability.
  • Failure to identify and develop relationships with a sufficient number of qualified suppliers could affect our ability to obtain products that meet our high quality standards.
  • The failure of our suppliers to comply with applicable laws, use ethical practices, and meet our quality standards could result in our suspending purchasing from them, negatively impacting net sales, and could expose us to reputational and legal risks.
  • Product liability claims could adversely affect our reputation, which could adversely affect our net sales and profitability.
  • Our ability to offer hardwood flooring, particularly products made of more exotic species of hardwood, depends on the continued availability of sufficient suitable hardwood at reasonable cost.
  • Ineffectiveness of our advertising strategy or negative perceptions of our brand could result in reduced customer traffic, thereby impacting net sales and profitability.
  • Competition could cause price declines, decrease demand for our products and decrease our market share.
  • Cyclicality in the home flooring industry, coupled with our lack of diversity in our lines of business, could cause volatility and risk to our business.
  • The inability to access our Revolving Credit Facility or other sources of capital, could cause our financial position, liquidity, and results of operations to suffer.
  • If our management information systems, including our digital platform or our call center, experience disruptions, it could disrupt our business and reduce our net sales.
  • We may incur costs and losses resulting from security risks we face in connection with our electronic processing, transmission and storage of confidential customer information.
  • Alternative e-commerce and online shopping offerings may erode our customer base and adversely affect our business.
  • Our common stock price may be volatile and all or part of any investment in our common stock may be lost.
  • Our anti-takeover defense provisions may cause our common stock to trade at market prices lower than it might absent such provisions.
Management Discussion
  • We believe the selected sales data, the percentage relationship between Net Sales and major categories in the Consolidated Statements of Operations and the percentage change in the dollar amounts of each of the items presented below are important in evaluating the performance of our business operations.
  • 1      Average sale is defined as the average invoiced sales order, measured quarterly, excluding returns as well as transactions under $100 (which are generally sample orders or add-on/accessories to existing orders).
  • 2      Average retail price per unit (square feet for flooring and other units of measures for moldings and accessories) sold is calculated on a total company basis and excludes non-merchandise revenue.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accessible, accuracy, adequacy, ago, Aid, aim, Alameda, Asian, aware, bargained, bench, blog, bore, break, cadence, cancellation, career, chart, chosen, cleaning, click, closure, companion, compel, concession, confirm, culture, curbside, deadline, debt, deployed, deploying, Description, Diego, discipline, disciplined, disseminated, dynamic, efficacy, envisioned, essential, feedback, fleet, fluid, footprint, force, forfeiture, formalized, formulating, healthy, hour, human, increasingly, journey, landscape, leadership, leverage, levying, LLFlooring, mask, meal, meaningful, metric, Michael, mission, modification, motivate, navigate, navigating, necessitated, NOL, organization, outright, partnering, partnership, pickup, pillar, piloted, pivoting, portfolio, precluded, prioritized, pulled, question, rapidly, rebranding, reclassification, recruit, reinstatement, remote, Renegotiating, repeat, replenishment, rest, revitalizing, roll, rounding, San, scale, sensitivity, SGA, shareholder, strategic, stronger, style, subset, suit, survey, Tanya, Taskforce, television, temporarily, threshold, timeline, today, transformation, trend, unchanged, underperforming, vaccine, velocity, viable, viii, vision, Visnack, wearing, week, widespread, workforce, worldwide
Removed: achieve, active, agent, allegedly, appointing, arisen, arrived, ASU, bear, CAFC, calculation, Central, certifying, challenged, Circuit, combination, compliant, consequential, continuing, count, covered, created, CSM, deceptive, declaration, deducted, deductibility, depict, derived, discontinued, discover, discovered, disgorge, dispose, dividend, domain, ecommerce, entitled, entity, exact, Facebook, false, family, financially, flagship, Florida, founder, funding, highlighted, household, hurting, inaction, indefinitely, indoor, initiated, initiative, intangible, interim, involve, labeling, lose, Minnesota, monitoring, notifying, penetration, Pennsylvania, Pinterest, principle, profitably, promised, proposed, prospectively, publicly, qualifying, rainy, recalculate, reducing, reliable, relocate, remand, remanded, remodel, replace, requirement, requiring, residence, resolving, restated, retroactively, retrospective, scheduled, setting, simplification, singular, SM, subsequently, Sullivan, suspended, tarnished, telemarketing, thereto, Toano, Tom, transfer, Twitter, unaudited, unknown, vacated, validity, window, write, YouTube