Lumber Liquidators’ Profit, Sales Rise

Toano, VA, Feb. 18, 2010–Lumber Liquidators said that its fourth-quarter net income increased to $7.131 million or $0.25 per share from $6.498 million or $0.24 per share last year.

On average, analysts expected the company to report profit of $0.25 per share for the quarter.

Net Sales increased to $137.080 million from $116.530 million prior year. Analysts expected revenue of $136.48 million for the quarter.

For the year, net sales increased $62.4 million, or 12.9%, to $544.6 million in 2009 from $482.2 million in 2008.  Comparable store net sales were unchanged.  The Company ended the year with 186 stores in 45 states.