LL on NYSE

Lumber Liquidators

Logo: https://lumberliquidators.com/pages/about, Non-free logo, via Wikipedia4

Hardwood flooring retailer

Lumber Liquidators is an American retailer of hard-surface flooring including hardwood, laminate, vinyl plank, tile, bamboo and cork, as well as flooring tools and accessories. The company filed for Chapter 11 bankruptcy on August 11, 2024, and was able to avoid liquidation 3 months later after a last minute deal to be acquired by original founder Tom Sullivan.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1994Founded1

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  • TickerLL on NYSE1
  • Industryretail1
  • HeadquartersRichmond1
  • Founded inStoughton1
  • Websitelumberliquidators.com
  • Business address4901 Bakers Mill Lane, Richmond, Va 232305
  • Filer categoryAccelerated filer5

Lumber Liquidators is an American retailer of hard-surface flooring including hardwood, laminate, vinyl plank, tile, bamboo and cork, as well as flooring tools and accessories. The company filed for Chapter 11 bankruptcy on August 11, 2024, and was able to avoid liquidation 3 months later after a last minute deal to be acquired by original founder Tom Sullivan.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

35.7%Gross margin7
-8.9%Operating margin7
-11.4%Net margin7
-18.5%Revenue growth, 20237
-65.8%Return on equity7
$4.3MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue58¢$582.0M
  • Selling, general and admin40¢$403.5M
  • Income tax1¢$13.4M

Out of $904.7M in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending80¢$17.0M
  • Share buybacks1¢$286.0K
  • Kept or used elsewhere19¢$4.0M

Out of $21.3M of cash from operations.7

Financial statements

Revenue8910117$904.7M in 2023−12% since 2017
0$500.0M$1.0B$1.5B2017: $1.0B$1.0B20172018: $1.1B$1.1B2018+5%2019: $1.1B$1.1B2019+1%2020: $1.1B$1.1B2020+0%2021: $1.2B$1.2B2021+5%2022: $1.1B$1.1B2022−4%2023: $904.7M$904.7M2023−19%
Gross profit8910117$322.7M in 2023−13% since 2017
0$200.0M$400.0M$600.0M2017: $369.1M$369.1M20172018: $392.9M$392.9M2018+6%2019: $403.7M$403.7M2019+3%2020: $427.7M$427.7M2020+6%2021: $440.0M$440.0M2021+3%2022: $401.2M$401.2M2022−9%2023: $322.7M$322.7M2023−20%
Operating income8910117-$80.8M in 2023+119% since 2017
-$100.0M-$50.0M0$50.0M$100.0M2017: -$37.0M-$37.0M20172018: -$50.6M-$50.6M2018+37%2019: $16.7M$16.7M20192020: $56.3M$56.3M2020+237%2021: $52.7M$52.7M2021−6%2022: -$11.7M-$11.7M20222023: -$80.8M-$80.8M2023+589%
Net income8910117-$103.5M in 2023+174% since 2017
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2017: -$37.8M-$37.8M20172018: -$54.4M-$54.4M2018+44%2019: $9.7M$9.7M20192020: $61.4M$61.4M2020+536%2021: $41.7M$41.7M2021−32%2022: -$12.1M-$12.1M20222023: -$103.5M-$103.5M2023+757%
Fiscal year2017201820192020202120222023
Revenue$1.0B8$1.1B9$1.1B10$1.1B11$1.2B7$1.1B7$904.7M7
Cost of revenue$659.9M8$691.7M9$688.9M10$670.0M11$712.3M7$709.5M7$582.0M7
Gross profit$369.1M8$392.9M9$403.7M10$427.7M11$440.0M7$401.2M7$322.7M7
Selling, general and admin$406.0M8$443.5M9$387.0M10$371.4M11$387.4M7$412.9M7$403.5M7
Operating income-$37.0M8-$50.6M9$16.7M10$56.3M11$52.7M7-$11.7M7-$80.8M7
Income before tax$52.8M7-$13.5M7-$90.1M7
Income tax-$734.0K8$979.0K9$3.3M10-$7.8M11$11.1M7-$1.5M7$13.4M7
Net income-$37.8M8-$54.4M9$9.7M10$61.4M11$41.7M7-$12.1M7-$103.5M7
Earnings per share-$1.338-$1.909$0.3410$2.1311$1.447-$0.427-$3.597
Earnings per share (diluted)-$1.338-$1.909$0.3410$2.1011$1.417-$0.427-$3.597
Shares (weighted, basic)29.0M shares728.9M shares728.8M shares7
Shares (weighted, diluted)29.5M shares728.9M shares728.8M shares7

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The story

Founding

Lumber Liquidators was started in 1994 by Tom Sullivan, a building contractor who began purchasing excess wood from other companies. He then resold the wood from the back of a trucking firm's yard in Stoughton, Massachusetts. Three years later in 1996, the company found their niche market in hardwood flooring. On January 5, 1996, the company's first store opened in West Roxbury, Massachusetts, and sold 150 square feet of floors on the first day. By August of that year, they opened up a second store in Hartford, Connecticut.

Expansion

The company has grown to be one of the largest retailers of hardwood flooring in the United States. It expanded to more than 375 Lumber Liquidators stores with over 1,000 employees in 47 states and Canada. It also launched online e-commerce, catalogs, and its Virginia call center. By the end of 2018 the company was operating over 415 stores across North America.

The company's CEO is Jason Delves. Previous CEO was Charles Tyson until F9 Inv purchased LL from bankruptcy court, prior to bankruptcy the firm was listed and traded as LL on the New York Stock Exchange.

In 2009, Lumber Liquidators began sponsoring Scripps' HGTV, DIY Network and ABC's Extreme Makeover: Home Edition.

The company expanded into Canada in the fourth quarter of 2010. The expansion plan was to add 36 to 40 stores.

In April 2020, the company publicly rebranded itself, changing its name to LL Flooring. The corporate entity name was changed to LL Flooring Holdings, Inc. effective January 1, 2022.

Bankruptcy, planned liquidation and reverted rebrand

In July 2024, LL Flooring warned that it may file for Chapter 11 bankruptcy within the coming weeks due to slow sales and a high decline in home renovation, as the company warned it may run out of money within the third quarter. As a result, the company's stock fell nearly 20% to around 92 cents per share. On August 11, 2024, LL Flooring filed for Chapter 11 bankruptcy protection in Delaware. The company planned to pursue a sale of all of its assets and would close 94 locations as part of the sale.

On September 3, 2024, LL Flooring announced that it would shut down its operations and close all 424 locations nationwide after being unable to come to a stalking horse agreement with bidders. However, on September 9, the company reached a last-minute agreement with F9 Investments, a private-equity firm led by the company's founder Thomas Sullivan. F9 Investments received court approval to acquire the company on September 16. The remaining locations rebranded back to Lumber Liquidators by October 2024.

Read the full text

Controversies

A 2013 report by the Environmental Investigation Agency revealed that Lumber Liquidators' indiscriminate and poor sourcing practices resulted in the destruction of critically endangered tiger habitats and forests.

Further investigation led to the conviction of a Russian supplier in 2014. Shortly after the conviction, Lumber Liquidators lost about 20% in stock value for potential violation of the Lacey Act.

During 2015, the company was the subject of a 60 Minutes report. The broadcast accused the company of selling an unsafe type of Chinese-made laminate flooring that contained dangerous levels of the carcinogen formaldehyde that exceeded emissions standards. Hedge fund manager Whitney Tilson had shorted the company's stock after it more than doubled in a year, and paid $5,000 to test three pieces of wood; he said that formaldehyde levels in the wood he tested were two to six times the California Air Resources Board limits. Shares of the company dropped 25% the day after the broadcast; eight months later it was down 75%. The company ultimately paid a $33 million penalty.

A number of class action lawsuits were filed by customers, due to the formaldehyde issue and other customer service issues.

On June 16, 2015, Lumber Liquidators announced the "unexpected" resignation of its CEO, Robert Lynch. It also announced the termination of its Chief Merchandising Officer, William Schlegel. It also declared it would discontinue the sale of laminate flooring products manufactured in China.

The company's founder, Tom Sullivan, served as interim CEO following the resignation. He was replaced in November 2015 by John Presley.

On October 22, 2015, Lumber Liquidators pleaded guilty in federal court to the illegal importation of hardwood flooring. In February 2016, a federal judge sentenced the company to $13.15 million in penalties, consisting of $7.8 million in criminal fines, $3.15 million in civil forfeiture, $1 million in criminal forfeiture, and $1.2 million to conservation organizations. It was the largest financial penalty ever issued for violating the Lacey Act of 1900.

From Wikipedia’s article on Lumber Liquidators, shared under CC BY-SA 4.0.6

Leadership

Who has led Lumber Liquidators, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (56)

Products and brands

  • wood flooring

Listed on Wikidata.1

Former names

  • LL Flooring2020 to 20241
  • Lumber Liquidators Holdings, Inc.Jan 11, 2010 to Jan 3, 20225
  • Lumber Liquidators, Inc.Apr 23, 2007 to Jan 5, 20105

Timeline

  1. 2024Renamed Name changed to Lumber Liquidators1
  2. Jun 3, 2020New chief executive Charles E. Tyson becomes CEO16
  3. 2020Renamed Name changed to LL Flooring1
  4. May 9, 2017New chief executive Dennis R. Knowles becomes CEO17
  5. Mar 7, 2016New chief executive John M. Presley becomes CEO18
  6. Aug 12, 2015New chief executive Thomas D. Sullivan becomes CEO19
  7. Nov 9, 2007Went public Listed on NYSE1
  8. Nov 8, 2007New chief executive Jeffrey W. Griffiths becomes CEO20
  9. 1994Founded Founded in Stoughton1

Filings

287 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 41 major events, 141 insider forms, 33 large holders, 60 other. The latest 20:

  1. May 13, 202515-12G EDGAR
  2. Nov 14, 2024SC 13G/A EDGAR
  3. Nov 13, 2024SC 13G/A COWEN FINANCIAL PRODUCTS LLC EDGAR
  4. Nov 1, 20248-K EDGAR
  5. Oct 1, 20248-K EDGAR
  6. Oct 1, 2024SC 13D/A EDGAR
  7. Sep 9, 2024SC 13D/A EDGAR
  8. Sep 9, 20248-K EDGAR
  9. Sep 3, 20248-K EDGAR
  10. Aug 19, 20243 PRIMARY DOCUMENT EDGAR
  11. Aug 15, 20248-K/A EDGAR
  12. Aug 13, 20248-K EDGAR
  13. Aug 12, 2024SC 13D/A EDGAR
  14. Aug 12, 2024NT 10-Q EDGAR
  15. Aug 12, 20248-K EDGAR
  16. Aug 8, 20244 PRIMARY DOCUMENT EDGAR
  17. Jul 19, 20243 PRIMARY DOCUMENT EDGAR
  18. Jul 19, 20243 PRIMARY DOCUMENT EDGAR
  19. Jul 19, 20243 PRIMARY DOCUMENT EDGAR
  20. Jul 12, 2024SC 13D/A EDGAR

The 287 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 8, 2022Rhodes Famous PDirectorBuy6,635$9.86$65.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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