Headquartered in Monroe, Mich., La-Z-Boy has been one of the world’s leading residential furniture producers for more than 85 years. The company manufactures a full line of comfortable products for the living room and family room, including the company’s world-famous recliners, reclining sofas and love seats, sleep sofas, modular furniture and leather upholstery, as well as stationary sofas, love seats and chairs. It is a division of La-Z-Boy Incorporated (NYSE: LZB), one of the world’s leading residential furniture producers, marketing furniture for every room of the home. Live life comfortably®" The corporation's proprietary distribution network is dedicated exclusively to selling La-Z-Boy Incorporated products and brands, and includes 325 stand-alone La-Z-Boy Furniture Galleries® stores and nearly 600 independent Comfort Studios®, in addition to in-store gallery programs at the company's Kincaid, England and Lea operating units.
Type
Public
HQ
West Monroe, US
Founded
1927
Size (employees)
8,700 (est)
La-Z-Boy was founded in 1927 and is headquartered in West Monroe, US

La-Z-Boy Office Locations

La-Z-Boy has offices in West Monroe, San Diego, Los Angeles and Dayton
West Monroe, US (HQ)
Poor Boy Ln

La-Z-Boy Data and Metrics

La-Z-Boy Financial Metrics

La-Z-Boy's revenue was reported to be $1.5 b in FY, 2017
USD

Revenue (FY, 2017)

1.5 b

Revenue growth (FY, 2016 - FY, 2017), %

(0%)

Gross profit (FY, 2017)

606.5 m

Gross profit margin (FY, 2017), %

40%

Net income (FY, 2017)

87 m

EBIT (FY, 2017)

130.6 m

Market capitalization (25-Jul-2017)

1.6 b

Cash (29-Apr-2017)

141.9 m

EV

1.5 b
La-Z-Boy's current market capitalization is $1.6 b.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.4 b1.4 b1.5 b1.5 b

Revenue growth, %

5%7%(0%)

Cost of goods sold

796 m854.5 m888 m921.1 m943.3 m913.5 m

Gross profit

469.3 m504.3 m582.1 m606.5 m

Gross profit Margin, %

35%35%38%40%

EBIT

89.3 m103.2 m122.4 m130.6 m

EBIT margin, %

7%7%8%9%

Interest income

761 k1 m827 k981 k

Pre tax profit

91.6 m105.6 m125 m130.7 m

Net Income

56.4 m72 m81 m87 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

327 m365.6 m357.9 m341.4 m382.9 m384 m340.8 m376.6 m390 m

Cost of goods sold

215.8 m235.7 m228.3 m217.2 m237.1 m236 m207.3 m227.9 m233.9 m

Gross profit

111.1 m129.9 m129.6 m124.2 m145.8 m148 m133.5 m148.7 m156.1 m

Gross profit Margin, %

34%36%36%36%38%39%39%39%40%

EBIT

16.5 m30.2 m26.9 m20 m33.4 m34.8 m21.8 m33.2 m32.9 m

EBIT margin, %

5%8%8%6%9%9%6%9%8%

Interest income

202 k233 k232 k205 k164 k204 k204 k234 k241 k

Pre tax profit

16.3 m30.4 m27.8 m22 m33.9 m34.9 m21.8 m33 m33.5 m

Net Income

13 m33 m51.5 m14.1 m35.8 m58 m14 m35.1 m58.8 m
USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016FY, 2017

Cash

108.4 m115.3 m152.4 m131.1 m149.7 m98.3 m112.4 m141.9 m

Inventories

175.1 m

Current Assets

522.7 m476.5 m482 m517.4 m

PP&E

127.5 m174 m171.6 m169.1 m

Goodwill

13.9 m15.2 m37.2 m74.2 m

Total Assets

771.3 m774.6 m800 m888.9 m

Accounts Payable

56.2 m46.2 m44.7 m51.3 m

Total Debt

7.8 m830 k803 k515 k

Current Liabilities

167.4 m154.9 m157.4 m198.7 m

Additional Paid-in Capital

262.9 m270 m279.3 m289.6 m

Retained Earnings

238.4 m235.5 m252.5 m284.7 m

Total Equity

529.7 m533.1 m557.2 m601.1 m

Debt to Equity Ratio

0 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

1.5 x1.5 x1.4 x1.5 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

116.3 m115.3 m98.4 m87.5 m74.6 m97.7 m117.2 m105.6 m110.3 m

Inventories

161.3 m158.3 m160.1 m178.9 m181.6 m183.2 m176.2 m186.7 m193.7 m

Current Assets

483.8 m495.4 m475.1 m466.3 m473.9 m481 m470.4 m485.7 m498.1 m

PP&E

144.8 m158.6 m170.9 m173.7 m173.1 m173.1 m170.8 m170.6 m169.1 m

Goodwill

13.9 m13.9 m15.2 m15.2 m33.4 m33.4 m41.2 m47.4 m73.8 m

Total Assets

755.1 m770.7 m766.8 m761.6 m786 m787.2 m798.1 m823 m864.6 m

Accounts Payable

58.4 m55.4 m49.5 m48.2 m45 m46 m45.1 m46.9 m51 m

Current Liabilities

151.7 m159.4 m153.1 m145.2 m162.3 m155 m151.8 m163.6 m190.1 m

Additional Paid-in Capital

264.9 m267 m268 m273.2 m275.3 m277.4 m284 m287.3 m288.5 m

Retained Earnings

232 m235.4 m234.1 m234.4 m242.4 m249 m248.6 m258.9 m272.6 m

Total Equity

527.1 m531.9 m531 m532.6 m543.4 m551.2 m558.2 m572.2 m586.9 m

Financial Leverage

1.4 x1.4 x1.4 x1.4 x1.4 x1.4 x1.4 x1.4 x1.5 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

56.4 m72 m81 m87 m

Depreciation and Amortization

23.2 m22.3 m26.5 m29.1 m

Inventories

(9.4 m)(7.6 m)(15 m)12.5 m

Accounts Payable

1.7 m(5.2 m)(1 m)4.5 m

Cash From Operating Activities

90.8 m86.8 m112.4 m146.2 m

Capital Expenditures

(33.7 m)(70.3 m)(24.7 m)(20.3 m)

Cash From Investing Activities

(45 m)(66.7 m)(36.6 m)(65.3 m)

Dividends Paid

(10.5 m)(14.5 m)(18.1 m)(20.7 m)

Cash From Financing Activities

(26.7 m)(71.2 m)(61 m)(51.6 m)

Free Cash Flow

124.6 m157.1 m137 m125.9 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

13 m33 m51.5 m14.1 m35.8 m58 m14 m35.1 m58.8 m

Depreciation and Amortization

5.4 m11 m16.3 m6.3 m12.7 m19.3 m6.8 m14 m21.3 m

Inventories

(15.9 m)(11 m)(11.9 m)(22.2 m)(21.5 m)(23.1 m)510 k(3.7 m)(5.9 m)

Cash From Operating Activities

(1.2 m)31.8 m55.1 m1.5 m21.7 m69.7 m34.1 m52.4 m91.3 m

Capital Expenditures

(19.4 m)(40.6 m)(56.5 m)(6.5 m)(13.9 m)(19.8 m)(5.2 m)(10.2 m)(15.5 m)

Cash From Investing Activities

(16.3 m)(33.2 m)(53 m)1.3 m(22.3 m)(27.8 m)(14.5 m)(34.1 m)(58 m)

Dividends Paid

(3.1 m)(6.3 m)(10.4 m)(4.1 m)(8.1 m)(13.1 m)(4.9 m)(9.9 m)(15.3 m)

Cash From Financing Activities

(16 m)(32.9 m)(53 m)(12.8 m)(22.2 m)(41.6 m)(14.9 m)(24.9 m)(35.1 m)

Free Cash Flow

(20.6 m)(8.8 m)(1.4 m)(5 m)7.8 m49.9 m28.8 m42.2 m75.7 m
USDY, 2017

EV/EBIT

11.3 x

EV/CFO

10.1 x

EV/FCF

11.8 x

Revenue/Employee

174.7 k

Financial Leverage

1.5 x

La-Z-Boy Market Value History

La-Z-Boy Online and Social Media Presence

La-Z-Boy News and Updates

La-Z-Boy Company Life and Culture

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