Lumber Liquidators 1Q profit nearly doubles

Published



RICHMOND, Va. (AP) — Lumber Liquidators said Wednesday that its first-quarter net income nearly doubled as the hardwood flooring retailer’s sales rose during the start of the important spring home improvement season. Lower costs increased its profit margins.

Its shares rose nearly 13 percent in midday trading as the results beat Wall Street estimates and the company raised its full-year outlook.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.