Last €18.45 EUR
Change Today +0.321 / 1.77%
Volume 0.0
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As of 2:20 AM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

la-z-boy inc (LAZ) Snapshot

Open
€18.54
Previous Close
€18.13
Day High
€18.54
Day Low
€18.45
52 Week High
01/9/14 - €22.68
52 Week Low
05/2/13 - €13.17
Market Cap
965.6M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
52.3M
EX-Date
02/26/14
P/E TM
--
Dividend
€0.24
Dividend Yield
0.81%
Current Stock Chart for LA-Z-BOY INC (LAZ)

la-z-boy inc (LAZ) Related Businessweek News

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la-z-boy inc (LAZ) Details

La-Z-Boy Incorporated manufactures, markets, imports, distributes, and retails upholstery products, accessories, and casegoods furniture products in the United States and Canada. The company also produces reclining chairs and manufactures/distributes residential furniture in the United States. It operates in three segments: Upholstery, Casegoods, and Retail segment. The Upholstery segment manufactures or imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. This segment sells directly to La-Z-Boy furniture galleries stores, operators of Comfort Studios locations, dealers, and other independent retailers. The Casegoods segment imports, markets, manufactures, and distributes casegoods furniture, including bedroom sets, dining room sets, entertainment centers and occasional pieces, and upholstered furniture. This segment sells its products to dealers and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through the retail network. As of April 16, 2014, this segment had 312 stand-alone La-Z-Boy Furniture Galleries stores and 564 independent Comfort Studios locations. La-Z-Boy Incorporated offers its products under the La-Z-Boy brand name. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.

8,185 Employees
Last Reported Date: 06/18/13
Founded in 1927

la-z-boy inc (LAZ) Top Compensated Officers

Chairman, Chief Executive officer and Preside...
Total Annual Compensation: $842.5K
Chief Financial officer and Senior Vice Presi...
Total Annual Compensation: $408.3K
Senior Vice President and President of Brande...
Total Annual Compensation: $460.0K
Senior Vice President and President of Casego...
Total Annual Compensation: $378.3K
Senior Vice President and President of Non-Br...
Total Annual Compensation: $337.3K
Compensation as of Fiscal Year 2013.

la-z-boy inc (LAZ) Key Developments

La-Z-Boy Incorporated to Discontinue Casegoods Production at its Hudson, North Carolina Facility; to Consolidate and Transition Warehouse and Repair Functions from North Wilkesboro, North Carolina Facilities to Hudson

La-Z-Boy Incorporated announced that during the second quarter of fiscal 2015, it will discontinue casegoods production at its Hudson, North Carolina facility. That facility currently produces bedroom furniture collections for the Kincaid and American Drew lines that account for approximately 12% of the company's wood furniture business. The company will also exit the hospitality business as that furniture is also manufactured at the Hudson facility. The company will consolidate and transition its warehouse and repair functions from its two North Wilkesboro, North Carolina facilities to Hudson.

La-Z-Boy Incorporated Declares Regular Quarterly Cash Dividend, Payable on March 10, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended January 25, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2014; Announces Store Expansion Program

La-Z-Boy Incorporated's Board of Directors declared a regular quarterly cash dividend of $0.06 per share on the company's common stock. The dividend will be paid on March 10, 2014, to shareholders of record as of February 28, 2014. The company announced unaudited consolidated earnings results for the third quarter and nine months ended January 25, 2014. For the quarter, sales were $350,375,000, operating income was $25,449,000, income from continuing operations before income taxes was $26,339,000 and net income attributable to La-Z-Boy Incorporated was $16,483,000 or $0.31 per diluted share against sales of $340,211,000, operating income of $22,812,000, income from continuing operations before income taxes of $25,263,000 and net income attributable to La-Z-Boy Incorporated of $17,064,000 or $0.32 per diluted share for the same period a year ago. Income from continuing operations was $17,588,000 against $16,872,000 a year ago. For the nine months, sales were $1,017,692,000, operating income was $65,914,000, income from continuing operations before income taxes was $67,149,000 and net income attributable to La-Z-Boy Incorporated was $42,817,000 or $0.80 per diluted share against sales of $945,848,000, operating income of $40,699,000, income before income taxes of $43,137,000 and net income attributable to La-Z-Boy Incorporated of $28,081,000 or $0.52 per diluted share for the same period a year ago. Income from continuing operations was $44,687,000 against $28,225,000 a year ago. Due to the company's agreement in principle to sell its Bauhaus operating unit during the third quarter of fiscal 2014, the reported results reflect the treatment of Bauhaus as a discontinued operation. Net cash provided by operating activities was $62,789,000 against net cash used in operating activities of $33,452,000 a year ago. Capital expenditures were $23,078,000 against $21,792,000 a year ago. The company provided earnings guidance for the fourth quarter of fiscal year 2014. The company expects to remain optimistic about ability to continue to grow profitably in the future. The company is building on with store expansion program. The company will continue to make investments in the enterprise to grow, prosper and return value to shareholders.

La-Z-Boy Incorporated, Q3 2014 Earnings Call, Feb 19, 2014

La-Z-Boy Incorporated, Q3 2014 Earnings Call, Feb 19, 2014

 

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LAZ

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Valuation LAZ Industry Range
Price/Earnings 22.4x
Price/Sales 1.0x
Price/Book 2.6x
Price/Cash Flow 22.0x
TEV/Sales 0.8x
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