Last $10.98 USD
Change Today -0.81 / -6.87%
Volume 2.1M
TTS On Other Exchanges
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As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

tile shop hldgs inc (TTS) Snapshot

Open
$12.00
Previous Close
$11.79
Day High
$12.00
Day Low
$10.80
52 Week High
07/24/13 - $30.48
52 Week Low
11/15/13 - $10.05
Market Cap
562.6M
Average Volume 10 Days
1.2M
EPS TTM
$0.31
Shares Outstanding
51.2M
EX-Date
--
P/E TM
35.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for TILE SHOP HLDGS INC (TTS)

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tile shop hldgs inc (TTS) Details

Tile Shop Holdings, Inc. operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,500 products, including ceramic, porcelain, glass, and stainless steel manufactured tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx natural tiles primarily under the proprietary Rush River and Fired Earth brand names. The company also manufactures setting and maintenance materials, such as thinset, grout, and sealers under the Superior brand name. As of March 7, 2014, it operated 91 stores in 29 states. The company also sells its products through its Website, tileshop.com. Tile Shop Holdings, Inc. was founded in 1985 and is headquartered in Plymouth, Minnesota.

1,200 Employees
Last Reported Date: 02/28/14
Founded in 1985

tile shop hldgs inc (TTS) Top Compensated Officers

Founder, Chief Executive Officer, President a...
Total Annual Compensation: $500.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $200.0K
Chief Operating Officer
Total Annual Compensation: $75.0K
Senior Vice President of Retail
Total Annual Compensation: $200.0K
Senior Vice President of Operations
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2013.

tile shop hldgs inc (TTS) Key Developments

Tile Shop Holdings, Inc. Announces Management Changes

Tile Shop Holdings, Inc. announced the appointment of Kirk Geadelmann as its new Chief Financial Officer. Mr. Geadelmann will transition into the role on August 12, 2014, succeeding CFO Timothy C. Clayton, who has resigned his position to accept an executive position with another company. Mr. Clayton will remain with the company until mid-August to ensure a smooth transition of responsibilities. Kirk Geadelmann is a seasoned financial manager whose 23 years of professional experience includes a blend of financial and operational accomplishments, primarily in the retail industry. Prior to joining the company, Mr. Geadelmann worked for 14 years at Best Buy, Inc., most recently serving as the corporate and international controller. During his tenure at Best Buy, Kirk was also responsible for overseeing business planning, performance management, financial accounting and SEC reporting functions.

Tile Shop Holdings, Inc. to Open 20 New Retail Stores Across US in 2014

Tile Shop Holdings, Inc. announced that it will expand its presence to 108 locations by the end of 2014. These 108 retail locations nationwide will include 20 brand new stores and 15 to 20 remodelled stores. The new stores recently opened by the company are in Ft. Wayne, Indiana; Scottsdale, Arizona; Lincoln Park, Illinois; Shrewsbury, Massachusetts; Southlake, Texas; Albuquerque, New Mexico; Austin, Texas; and Tempe, Arizona. New stores will open soon in Denver and Tampa, Florida; Mentor, Ohio; Columbia, South Carolina; Wichita, Kansas; Colonie, New York; North Charlotte and Greensboro, North Carolina; Wexford and Montgomeryville, Pennsylvania; Brandon, Florida; and Eatontown, New Jersey. Recently remodelled stores are in Bloomington and Roseville, Minnesota; Independence, Missouri; Sterling, Virginia; Lexington, Kentucky; Indianapolis and Shawnee, Kansas; West Allis, Wisconsin; and Grand Rapids, Michigan.

Tile Shop Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Tile Shop Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's net sales were $64.4 million compared with $56.8 million a year ago. The $7.5 million increase in sales was driven by incremental net sales of $8.8 million from stores not included in the comparable stores base, partly offset by a modest decrease in comparable store sales of 2.3% or $1.3 million. Sales results were impacted by harsh winter weather conditions in important mid-west, mid-Atlantic and east coast markets where the majority of its stores are located. Income from operations was $6.96 million compared with $12.0 million a year ago. Income before income taxes was $6.2 million compared with loss of $40.5 million a year ago. Net income was $3.7 million or $0.07 per basic and diluted share compared with loss of $44.7 million or $1.00 per basic and diluted share a year ago. Non-GAAP net income before taxes was $7.3 million compared with $11.6 million a year ago. Non-GAAP net income was $4.4 million or $0.09 per diluted share compared with $6.98 million or $0.14 per diluted share a year ago. Adjusted EBITDA was $13.8 million compared to $16.4 million in the same period of the prior year. Capital expenditures were $12 million in the quarter, primarily related to new store build outs and store remodeling, but also included improvements at its existing distribution centers and corporate IT investments. The company generated $15.2 million of cash from operations in the quarter. For the full year ending December 31, 2014, the company expects net sales in the range of $280 million to $290 million, comparable store sales in the range of 4% to 6%, earnings per share in the range of $0.41 to $0.45 and assumes 70% gross margins and effective tax rate of 40%. Capex is still expected to range from $36 million to $40 million, and its expectation for depreciation and amortization and stock-based compensation are not changed.

 

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TTS

Industry Average

Valuation TTS Industry Range
Price/Earnings 44.1x
Price/Sales 2.4x
Price/Book 6.6x
Price/Cash Flow 44.1x
TEV/Sales 2.0x
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