Lumber Liquidators Board Authorizes New $50M Share Repurchase Program
Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in the U.S., today announced that its Board of Directors has authorized the repurchase of an additional $50 million of its common stock. The repurchases will be subject to market conditions and other factors and will be made from time to time through open market purchases or through privately negotiated transactions.
Robert M. Lynch, President and Chief Executive Officer, commented, “Lumber Liquidators continues to demonstrate the ability to self-fund growth while generating free cash. The new share repurchase authorization reflects our continuing commitment to build value for long-term shareholders and our confidence in the future.”
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