Lumber Liquidators appointed Alice G. Givens as Senior Vice President, Chief Legal Officer and Corporate Secretary, effective September 21, 2020.
Flooring
Lumber Liquidators Joseph M. Nowicki has been appointed to its Board of Directors for an initial term expiring at the 2022 Annual Meeting of Stockholders. Mr. Nowicki will also serve on the Audit and Compliance and Regulatory Affairs Committees of the Board of Directors.
Year-on-year the value of Japan's assembled flooring imports dropped 36% in June 2020 and month-on-month there was a 32% decline adding to the drop in imports seen in May.
Lumber Liquidators' net sales in the 2Q 2020 decreased $58 million, or 20.2%, to $230 million from the 2Q 2019. Gross profit decreased 14% in the 2Q 2020 to $88 million from $102 million in the comparable period in 2019.
Flooring producer UNY-Group signs license agreement to use Valinge's 2G Angling, 5G-i Push Down and 5G Fold Down systems at its new production facility. Production is due to start in 1Q 2021 and the capacity is 8.5 million sqm of SPC and LVT.
In the 2Q 2020, Armstrong Flooring's net sales decreased 18.1% to $145.6 million from $177.7 million in the 2Q 2019, including an adverse currency impact of 80 basis points. The net loss in the 2Q 2020 was $6.3 million, or diluted loss per share of $0.29, as compared to net income of $14.7 million, or diluted earnings ...
The Portuguese furniture company Momento Numérico has signed a license agreement with Välinge Innovation for use of Threespine® click furniture technology.
Armstrong Flooring appoints Gregory D. Waina, as interim CFO. Mr. Waina will have oversight of global finance, treasury, investor relations and accounting functions. The announcement comes after Armstrong Flooring and Douglas B. Bingham mutually agreed to separate effective June 26, 2020. The company will engage a nati...
Bona US has earned Greenguard Gold Certification on its full line of wood floor adhesive products.
Additionally, Armstrong Flooring has entered into a new $70 million term loan facility (“Term Loan”) to further strengthen its capital resources. Borrowings under the new Term Loan will bear interest at a rate of LIBOR with a floor of 1.50% plus a spread of 12.0%.
China's laminate, wood and LVT maker Creative Flooring Solutions (CFL) will create 300 jobs and invest more than $70 million in a new manufacturing facility in Calhoun, Georgia.
Välinge Innovation is now launching its very first flooring product. Besides having the 5G fold down locking system with the waterproof joint 5G Dry, the floor is manufactured with the Woodura surface technology. This patented technology is based on fusing a thin sheet of real wood with a wood fiber core through a powd...
Lumber Liquidators announced that Charles E. Tyson has been named President and CEO, and has been appointed to the company's Board of Directors, effective May 27, 2020. Mr. Tyson was appointed Interim President and Principal Executive Officer on February 5, 2020. Mr. Tyson will report to the Board of Directors.
Lumber Liquidators' net sales in the 1Q 2020 increased $1.2 million, or 0.4%, to $267 million from the 1Q 2019.
In the 1Q 2020, Armstrong Flooring's net sales decreased 2.1% to $138.7 million from $141.7 million in the 1Q 2019, including an adverse currency impact of 30 basis points. The net loss in the 1Q 2020 was $13.2 million, or diluted loss per share of $0.60, as compared to a net loss of $16.7 million, or diluted loss per ...
CFL Flooring has signed a license agreement to use I4F’s unique portfolio of grout technologies. These unique technologies are exclusively available via an I4F license following I4F’s agreements for grout technologies with its partners.
Mohawk Industries, Inc. announced 1Q 2020 net earnings of $111 million and diluted earnings per share (EPS) of $1.54. Adjusted net earnings were $119 million, and EPS was $1.66, excluding restructuring, acquisition and other charges. Net sales for the 1Q 2020 were $2.3 billion, down 6.4% as reported and 3.5% on a const...
Lumber Liquidators appoints Matthew T. Argano, Ph.D. as the Company's Chief Human Resources Officer.