October 23, 2016 8:58 PM ET

Specialty Retail

Company Overview of Tile Shop Holdings, Inc.

Company Overview

Tile Shop Holdings, Inc. operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,000 products, including ceramic, porcelain, glass, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names. The company also manufactures setting and maintenance materials, such as thinset, grout, and sealers under the Superior brand name. As of October 18, 2016, it operated 120 stores in 31 states with an average size of 21,300 square feet. The company also sells its products through its Website,...

14000 Carlson Parkway

Plymouth, MN 55441

United States

Founded in 1985

1,330 Employees



Key Executives for Tile Shop Holdings, Inc.

Chief Executive Officer, President and Director
Age: 47
Total Annual Compensation: $400.0K
Chief Financial Officer and Senior Vice President
Age: 47
Total Annual Compensation: $212.0K
Senior Vice President of Operations
Age: 50
Total Annual Compensation: $212.0K
Senior Vice President of Retail
Age: 52
Total Annual Compensation: $212.0K
Compensation as of Fiscal Year 2015.

Tile Shop Holdings, Inc. Key Developments

The Tile Shop Opens Two New Retail Showrooms in Chicago Area

The Tile Shop announced that it has expanded its presence in the Chicago area, opening two new retail showrooms in Algonquin and Hoffman Estates, Illinois. The Tile Shop in Algonquin is located at 1516 South Randall Road in the Algonquin Commons shopping area. The Tile Shop in Hoffman Estates, which is a relocation from its previous location in Schaumburg, is located at 535 West Higgins Road on the corner of Higgins and Golf Road. With the opening of these new locations, The Tile Shop has 11 retail showrooms in Chicago and the surrounding area, showcasing inspirational styled living spaces defined by a diverse collection of more than 4,000 ceramic, porcelain, glass and natural stone tile products in unlimited color palettes and textures. The 10,050 square-foot retail showroom in Algonquin and 12,000 square-foot retail showroom in Hoffman Estates both feature on-site design and education centers available to all customers, including a new digital Design Studio tool that allows them to personalize and visualize how a tile project will look upon completion by selecting tile, trim, grout and other accessories, including lighting. Helping Customers Create A Look of Distinction. When customers enter The Tile Shop in Algonquin and Hoffman Estates, they will find everything they need to complete a home tile project, from expert store associate guidance through design and installation advice and tools to high quality, readily available tile and installation and setting materials. Customers can find products including: High quality tiles in a variety of styles, color palettes, designs and materials, including marble, travertine, ceramic, glass, granite, metal, porcelain, faux wood, onyx, quartzite, sandstone, limestone and more. Shapes and patterns including subway, mosaic, arabesque, square, rectangle, circle and many textured options, as well as associated finishing pieces. Wide assortment of pencils, chair rails, listellos, decorative mosaics, sink basins, corner shelves, soap dishes, towel bars, thresholds, shower curbs, switchplates, and base and skirting pieces to create a custom look for every space. Floor tile installation tools and setting materials, including Superior Adhesives and Chemicals™, sealants, caulks, grout, adhesives, floats, substrates, tile cutting tools and more, some of which are available only at The Tile Shop. Free installation guides and design inspiration, including the newest collections like the brand new premium Ted Baker product lines featuring the ArTile Collection (sleek, light reflecting glass tiles printed using Ted Baker’s signature designs), TacTile Collection (textured 3D wall tiles) and VersaTile Collection (functional cementi tiles). Design Inspiration and Free Design Services. The Tile Shop features fully decorated, room-size displays — kitchens, baths, and other spaces within a home, and premium lighting and plumbing fixtures that allow customers to see how The Tile Shop tile and stone will look like installed in their home. Customers are encouraged to imagine the endless possibilities they can create in their space. They can get single ideas from retail showroom vignettes or re-create an exact replica of a vignette in their own home using all of the tile products they see. The Tile Shop Difference. In addition to providing a broad selection of high quality tile products, free design services and excellent customer service, The Tile Shop in Algonquin and Hoffman Estates offer customers the following benefits: Purchasing Made Easy. Option to purchase products in-store, online or via phone. Complete Delivery Options. Free delivery options available to any of The Tile Shop’s retail locations or to customers’ homes with a qualifying purchase. Job site delivery program also available online and in-store. Store associates can accommodate individual needs. Easy Return Policy. No restocking fees and six months to return unused tile. Samples. Samples of all tiles are available in store and online. Financing Options. Financing is available to consumers and Pros. Pro Grade Installation Materials and Tools. Pro Grade installation products give customers the performance their tile job demands. Warranty. 25-year warranty on adhesives in the Superior Adhesives and Chemicals™ line of installation materials. Convenient Store Hours. Open seven days a week, The Tile Shop’s Algonquin and Hoffman Estates retail showroom hours are Monday through Friday, 7:00 a.m. to 9:00 p.m., Saturday 9:00 a.m. to 6:00 p.m., and Sunday 11:00 a.m. to 6:00 p.m. Free Do-It-Yourself Workshops. Free in-store educational “How To Tile” workshops provide tiling tips and added confidence to any project. Workshops are open to the public every Saturday at 9:30 a.m. Pro Network Benefits. In addition to the above benefits, Pros receive exclusive services to help deliver the quality job to their clients when they join The Tile Shop’s Pro Network program by registering in-store or online, including: Dedicated account representatives. In-house credit program. Job site delivery. Project referrals. Co-branded marketing and Industry networking events.

Tile Shop Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Full Year Ending December 31, 2016

Tile Shop Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. Net sales grew 8.5% to $78.6 million for the third quarter of 2016 compared with $72.4 million for the third quarter of 2015. The $6.2 million increase in Net Sales were due to a comparable store sales increase of 5.7%, or $4.1 million in the quarter and incremental net sales of $2.1 million from stores not included in the comparable store base. Comparable store sales growth was 9.7% in the third quarter of 2015. Income from operations was $7.798 million against $6.666 million a year ago. Income before income taxes was $7.469 million against $6.197 million a year ago. Net income was $4.583 million or $0.09 per diluted share against $3.761 million or $0.07 per diluted share a year ago. On a non-GAAP basis, net income for the third quarter of 2016 was $5.0 million compared with $3.9 million for the third quarter of 2015. Non-GAAP diluted earnings per share for the third quarter of 2016 were $0.10 compared with $0.08 for the third quarter of 2015, representing 25.0% growth. Adjusted EBITDA for the third quarter of 2016 was $15.3 million compared with $13.9 million for the third quarter of 2015, representing 9.4% growth. The company delivered a 70.2% gross margin rate for the quarter. For the nine months ended September 30, 2016, net sales grew 12.0% from $221.1 million in 2015 to $247.5 million in 2016. Comparable store sales for the nine month period increased 9.0%. Income from operations was $31.263 million against $22.299 million a year ago. Income before income taxes was $29.983 million against $20.295 million a year ago. Net income was $18.190 million or $0.35 per diluted share against $11.910 million or $0.23 per diluted share a year ago. Non-GAAP pretax income was $31.810 million against $21.441 million a year ago. Non-GAAP net income was $19.298 million or $0.37 per diluted share against $12.583 million or $0.25 per diluted share a year ago. Adjusted EBITDA was $53.540 million against $44.171 million a year ago. The company provided earnings guidance for the full year ending December 31, 2016. The company expects net sales in the range of $324 million to $327 million; effective tax rate of approx. 40%; non-GAAP earnings per share in the range of $0.45 to $0.47; adjusted EBITDA in the range of $68 million to $70 million and capital expenditures of approx. $30 million. The company expects non-GAAP pretax income in the range of $38 million to $40 million; net income in the range of $23 million to $24 million and GAAP net income in the range of $22 million to $23 million.

Tile Shop Holdings, Inc. to Report Q3, 2016 Results on Oct 18, 2016

Tile Shop Holdings, Inc. announced that they will report Q3, 2016 results at 9:00 AM, US Eastern Standard Time on Oct 18, 2016

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