Lumber Liquidators' solid hardwood and engineered flooring business grew dramatically - profits up 56%, but during the same quarter Federal agents searched its headquarters, events making it the wood industry's most viewed story.
Flooring giant Lumber Liquidators (NYSE: LL) sales jumped 24% third quarter, to $254.3 million. Net income spiked 58%. A $53 million, 1 million square foot plant opens next year. CEO comments on Federal Lacey investigation.
Environmental Investigation Agency's new investigative report details the extent and nature of illegal logging in the Russian Far East and tracks illegally harvested valuable hardwoods across the border into China.
A search of Lumber Liquidators headquarters by Federal Agents for possible Lacey Act violations (none are alleged) was the wood industry's most viewed report. Its stock pummeled, the wood flooring giant is promoting its charity efforts.
Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today commented on actions taken by Federal authorities, which relate to the importation of certain of the Company's wood flooring products.
Lumber Liquidators was searched by Federal Authorities yesterday. Immigration and Customs Enforcement and Homeland Security Investigations executed a search warrant at the flooring manufacturers' headquarters in Toano, VA.
Making music more environmentally sustainable, the non-profit group REVERB has launched the 2013 Last Summer on Earth tour, featuring Barenaked Ladies, Guster and Ben Folds Five. The tour runs through the end of July.