| Address:
|
1284 N TELEGRAPH RD
|
| City: |
MONROE |
|
State: |
MI |
|
Zip Code: |
48162 |
| Telephone: |
734-242-1444 |
|
Description of Business
|
Primary SIC Code:
2510 |
| (As filed with the SEC)
|
|
|
Edward M. Knabusch and Edwin J. Shoemaker started Floral City Furniture in 1927,
and in 1928 the newly formed company introduced its first recliner. In 1941, we
were incorporated as La-Z-Boy Chair Company in the state of Michigan, and in
1996 the name was changed to La-Z-Boy Incorporated. Our La-Z-Boy brand is the
most recognized brand in the furniture industry.
La-Z-Boy Incorporated manufactures, markets, imports, distributes and retails
upholstery products, accessories and casegoods (wood) furniture products. We are
the leading global producer of reclining chairs. We sell our products, primarily
in the United States and Canada, to furniture retailers and directly to
consumers through company-owned stores. The centerpiece of our retail
distribution strategy is our network of 304 La-Z-Boy Furniture Galleries® stores
and 526 Comfort Studios®, each dedicated to marketing our La-Z-Boy branded
products. We own 83 of the La-Z-Boy Furniture Galleries® stores. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 10/2011 | 1.38 | NA | 7.36 | | 07/2011 | 1.30 | NA | 6.75 | | 04/2011 | 0.45 | NA | 26.13 | | 01/2011 | 0.52 | NA | 16.00 | | 10/2010 | 0.55 | NA | 14.13 | | 07/2010 | 0.58 | NA | 14.76 | | 04/2010 | 0.62 | NA | 21.03 | | 01/2010 | 0.49 | NA | 20.71 |
Key Financial Ratios and Statistics |
FYE:
04/24 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.13 | Total Liab/Total Assets | 0.44 | | Net Inc/Total Assets | 0.05 | Total Liab/Inv Cap | 0.58 | | Net Inc/Inv Cap | 0.07 | Total Liab/Comm Equity | 1.06 | | Pretax Inc/Net Sales | 0.04 | Interest Coverage Ratio | 15.50 | | Net Inc/Net Sales | 0.03 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.08 | LTD/Equity | 0.14 | | SG&A/NetSales | 0.28 | Total Debt/Equity | 0.14 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.46 | Quick Ratio | 2.00 | | Inventory Turnover | 5.91 | Current Ratio | 2.90 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.39 | | Net Sales/Work Cap | 4.21 | Inv/Curr Assets | 0.31 | | Net Sales/PP&E | 8.49 | | |
Income Statement (Millions) |
| |
1/22/2011
|
10/23/2010
|
7/24/2010
|
4/24/2010
|
|
Total Revenues(Net Sales)
|
291.94
|
292.98
|
263.31
|
310.74
|
|
Cost of Goods Sold
|
203.60
|
207.88
|
190.48
|
209.65
|
|
Selling & Admin Exps
|
77.78
|
79.93
|
74.32
|
85.06
|
|
Operating Income
|
9.99
|
5.34
|
-1.65
|
15.76
|
|
Interest Exp
|
0.56
|
0.59
|
0.59
|
0.59
|
|
Pretax Income
|
10.84
|
4.55
|
-1.65
|
15.52
|
|
Other Income
|
1.40
|
-0.20
|
0.59
|
0.35
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
10.01
|
3.95
|
-0.22
|
14.01
|
|
Assets
|
1/22/2011
|
10/23/2010
|
7/24/2010
|
4/24/2010
|
|
Cash & Short Term Investments
|
109.63
|
83.66
|
93.13
|
108.43
|
|
Receivables - Total
|
156.59
|
171.28
|
152.61
|
167.31
|
|
Inventories - Total
|
142.05
|
140.70
|
138.95
|
132.48
|
|
Total Current Assets
|
427.72
|
416.45
|
402.10
|
427.08
|
|
Net Property, Plant & Equipment
|
128.31
|
131.07
|
133.48
|
138.86
|
|
Total Assets
|
595.94
|
586.52
|
574.04
|
607.78
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
127.80
|
124.40
|
117.10
|
146.24
|
|
Debt in Current Liabilities
|
5.10
|
5.14
|
5.22
|
1.07
|
|
Total Current Liabilities
|
132.89
|
129.54
|
122.33
|
147.31
|
|
Long-Term Debt
|
40.03
|
40.52
|
40.54
|
46.92
|
|
Total Liabilities
|
237.15
|
238.96
|
230.73
|
267.96
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
-2.33
|
-0.63
|
0.98
|
3.29
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
51.87
|
51.87
|
51.82
|
51.77
|
|
Retained Earnings
|
124.14
|
114.21
|
109.16
|
106.47
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
358.79
|
347.57
|
343.31
|
339.83
|
|
Total Liabilities and Stockholders' Equity
|
595.94
|
586.52
|
574.04
|
607.78
|
Cash Flow Summary (Millions) |
|
Categories
|
1/22/2011
|
10/23/2010
|
7/24/2010
|
4/24/2010
|
|
Net Cash Provided by Operating Activities
|
29.53
|
-6.76
|
-12.05
|
30.96
|
|
Net Cash Provided by Investing Activities
|
-2.21
|
-2.83
|
-3.04
|
-1.70
|
|
Net Cash Provided by Financing Activities
|
-0.54
|
-0.06
|
-0.30
|
0.49
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 04/2006 | 1,916.78 | -3.04 | -0.06 | | 04/2007 | 1,617.30 | 4.14 | 0.38 | | 04/2008 | 1,450.94 | -13.54 | -0.15 | | 04/2009 | 1,226.67 | -122.66 | -2.36 | | 04/2010 | 1,179.21 | 32.70 | 0.62 | | Growth Rates | -11.44 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 140 | 43,397 | 83.69 |
|
Report Date :
2/6/2012
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