Lumber Liquidators CEO on Federal Lacey Raid, Earnings Top News

By Bill Esler | Posted: 10/24/2013 12:01PM

 

"We think we are in the early stages of a multi-year housing recovery," CFO Daniel Terrell said during an analyst call in this morning. "We recognize the potential for volatility," he said, but nevertheless expects the year to end at $985 million - See more at: http://www.woodworkingnetwork.com/wood-market-trends/woodworking-industry-news/production-woodworking-news/Lumber-Liquidators-Flooring-Sales-Jump-24-Percent-228927841.html#sthash.wwJN3JTu.dpuf

Shamrock Valspar hardwood plank flooring plant Shamrock Plank Flooring opened a 10-Coat hardwood finish llant   Wood flooring dominates the week's news, with Lumber Liquidator's earnings spike, a China firm's $30 million U.S. manufacturing investment, and a $1 million expansion of a wide plank flooring production line engineered by Valspar and Shamrock Plank Flooring. The investment reflects the certainty flooring manufacturers have in the recovery. Lumber Liquidators CEO Robert Lynch commented publicly on the Federal investigation into possible Lacey violations.

Also big news: the 2013 Wood Machinery & Supply Show opened yesterday in Toronto. It runs through Saturday. Here are the wood industry's most-viewed reports from the past week.

Chinese Flooring Factory Heads to U.S.; $15 Million Investment
By Bill Esler Posted: 10/18/2013 11:51AM
A Chinese floor manufacturer will invest $15 million to open a 40,000 square foot flooring factory in Danville, VA. 

Lumber Shortage Fears Prompt Buying, Price Increases
By Andy Johnson Posted: 10/17/2013 1:46PM
Lumber shortage fears is prompting furniture, flooring and even cabinet firms to stock amid strong demand up in advance of the winter logging slowdown.

WMS - Canada's Woodworking Show - Opens With a Bang  By Bill Esler Posted: 10/24/2013 8:47AMWMS, the 2013 Wood Machinery Show opens in Toronto today, packed with big machinery running and advance registration 50 percent ahead of the last edition.
By Bill Esler Posted: 10/24/2013 8:47AM

WMS, the 2013 Wood Machinery Show opens in Toronto today, packed with big machinery running and advance registration 50 percent ahead of the last edition.

- See more at: http://www.woodworkingnetwork.com/wood-market-trends/woodworking-industry-news#sthash.K1iVgegr.dpuf

Architectural Woodworkers Award Best of Best Design Solutions
By Bill Esler | Posted: October 11, 2013 - 3:43 PM
At the Architectural Woodwork Institute annual convention, Design Solutions lauds Best of the Best woodworking projects.

Shamrock Plank Flooring Opens 10-Coat Hardwood Finish Plant
By Bill Esler Posted: 10/18/2013 9:15AM

Shamrock Plank Flooring invested $1 million in a hardwood flooring pre-finishing plant in Hernando, MS. Its 10-coat system, developed jointly with Valspar

Video How To Convert Carpeted Stairs With Oak Overlay Panels
Posted by Bill Esler | Posted: 10/16/2013 9:29AM

How to replace easily pine stair treads on a closed or wall-to-wall carpeted stairway with finished oak overlay treads and risers.

Lumber Liquidators May Have Received Illegal Hardwood: Report
By Bill Esler Posted: 10/18/2013 9:33PM
An environmental group alleges Lumber Liquidators suppliers may have mixed illegally harvested Siberian lumber into its supply chain, a violation of the Lacey act banning logging in protected forests.

Is This Reclaimed Heart Pine Circle Back Chair a Winner?
Posted by Michaelle Bradford | Posted: 10/16/2013 9:16AM
Reclaimed heart pine was used by Gregg Lipton Furniture, Cumberland, ME, to fabricate this circle back chair. Vote for it, or enter your own work.

Stanley Furniture Young America Software Bites Into Stanley Furniture 3rd Quarter Earnings
By Bill Esler | Stanley Furniture software roll-out snafus, and rising lumber prices from wet weather, bit into earnings and hampered sales and operating results for the third quarter of 2013. Indonesians got a government-mandated raise.

EPA formaldehyde gas emissions Wood Groups Protest EPA Proposed Formaldehyde Rule: 'Jobs Killer'
By Karen Koenig | As the battle over plywood panel and laminates with no-added urea formaldehyde (NAUF) heats up, some users say panel made that way doesn't perform as well.

Read last weeks top wood industry reports>>

 

About the Author

Bill Esler woodworkingnetwork.com

Bill Esler

Bill Esler, Associate Publisher/ Editor in Chief, Woodworking Network Bill is responsible for editing Custom Woodworking Business and coordinating content for Wood Products , CLOSETS , WoodworkingNetwork.com, and related newsletters. Bill’s expertise includes using innovative print manufacturing techniques to grow audience engagement, digital printing, purls, QR codes; and lead-generating webcasts, custom websites, and custom digital and print content. Read Bill Esler's woodworking blogs. He can be reached at besler@woodworkingnetwork.com or follow him on Google+.

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