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Lumber Liquidators Holdings, Inc. (NYSE:LL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.64%.
Lumber Liquidators Holdings, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 66.67% to $0.5 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 20.75% to $210.65 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lumber Liquidators Holdings, Inc. reported adjusted EPS income of $0.5 per share. By that measure, the company beat the mean analyst estimate of $0.42. It beat the average revenue estimate of $197.82 million.
Quoting Management: Robert M. Lynch, President and Chief Executive Officer, commented, “Our team continued to execute on our key strategic initiatives to enhance the value proposition to our customer. In doing so, we delivered a record quarter, in total net sales, gross and operating margin, net income and free cash flow. We were particularly pleased with the increases in both traffic and ticket as the broadening of our advertising and branding message resonated with a larger population of flooring customers. Our team’s focus on continuous improvement helped drive our performance, and with these outstanding fourth quarter and full year results, we have a strong foundation upon which we can generate sustainable additional growth as we enter 2013.”
Key Stats (on next page)…
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