Company Overview of Tile Shop Holdings, Inc.
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 September 18, 2015, it operated 111 stores in 31 states with an average size of 22,100 square feet. The company also sells its products through its Websit...
14000 Carlson Parkway
Plymouth, MN 55441
Founded in 1985
Key Executives for Tile Shop Holdings, Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $300.0K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $81.9K
Senior Vice President of Operations
Total Annual Compensation: $208.0K
Senior Vice President of Retail
Total Annual Compensation: $208.0K
Compensation as of Fiscal Year 2014.
Tile Shop Holdings, Inc. Key Developments
The Tile Shop Opens New Retail Showroom in Haltom City, Texas
Sep 18 15
The Tile Shop announced that it has expanded its presence in Dallas, opening a new retail showroom to the public on September 18, 2015 at 6316 Airport Freeway in Haltom City, Texas. The new store is The Tile Shop's fourth location in the Dallas metro area, showcasing inspirational styled living spaces defined by a diverse collection of more than 4,000 globally sourced, uniquely crafted tile and natural stone in unlimited color palettes and textures. The more than 18,000 square-foot store also features an on-site design and education center available to all customers. When customers enter The Tile Shop in Haltom City, they will find everything they need to complete a home remodeling tile project, from expert store associate guidance through design and installation advice to high quality, readily available tile, stone, tools and setting materials. Customers can find products including: High quality tiles and natural stone options 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 ceramic and natural stone 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 sealants, caulks, grout, adhesives, floats, substrates, tile cutting tools and more which are available only at The Tile Shop; and free installation guides and design idea catalogs, including the 2015 Fall Design Book and 30th Anniversary Showcase. 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. The Tile Shop also provides free design services. In addition to providing a broad selection of high quality tile and natural stone products, free design services and excellent customer service, The Tile Shop in Haltom City offers customers benefits that include: Purchasing Made Easy. Option to purchase products in-store, online or over the 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 and natural stone are available in store and online Financing Options - Financing is available to consumers and Pros. Pro Grade installation materials and tools - Certified Pro Grade installation products give customers the performance their tile job demands. Warranty - 25-year warranty on Superior adhesives, grout and maintenance products. 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: Ongoing discounts, dedicated, single point of contact sales associate to serve as ongoing resource, in-house credit program, job site delivery, complimentary referral program to help drive business to local Pros and access to industry networking events focused on product education and training.
Tile Shop Holdings, Inc. Expects to Open 7 to 8 New Stores in 2015
Jul 21 15
Tile Shop Holdings, Inc. announced that it is expected to open 7 to 8 new stores for the year 2015.
Tile Shop Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015
Jul 21 15
Tile Shop Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $75,706,000 against $66,665,000 a year ago. Income from operations was $7,438,000 against $7,120,000 a year ago. Income before income taxes was $7,677,000 against $6,381,000 a year ago. Net income $4,490,000 or $0.09 per diluted share against $3,828,000 or $0.07 per diluted share a year ago. Adjusted EBITDA was $15,530,000 against $13,385,000 a year ago. The $9.0 million increase in sales was due to incremental net sales of $5.3 million from stores not included in the comparable store base, while comparable store sales increased 5.7% or $3.8 million in the quarter. Non-GAAP net income before taxes was $8,147,000 compared to $6,606,000 a year ago. Non-GAAP net income was $4,765,000 compared to $3,963,000 a year ago. Non-GAAP basic and diluted earnings were $0.09 per share compared to $0.08 per share a year ago.
For the six months, the company reported net sales of $148,669,000 against $131,044,000 a year ago. Income from operations was $15,633,000 against $14,080,000 a year ago. Income before income taxes was $14,098,000 against $12,563,000 a year ago. Net income $8,149,000 or $0.16 per basic and diluted share against $7,538,000 or $0.15 per basic and diluted share a year ago. Adjusted EBITDA was $30,222,000 against $27,213,000 a year ago. Non-GAAP net income before taxes was $15,082,000 compared to $13,916,000 a year ago. Non-GAAP net income was $8,717,000 compared to $13,916,000 a year ago. Non-GAAP basic and diluted earnings were $0.17 per share compared to $0.16 per share a year ago.
For the year ending December 31, 2015, the company expects net sales to be $280-290 million compared to $257.2 million a year ago; Comparable store sales to be mid-single-digits compared to 0.4% a year ago; Adjusted earnings per share to be $55 to $60 compared to $0.23 a year ago; Capital expenditures to be $17 to $20 million compared to $41.2 million a year ago; Adjusted EBITDA to be $55 to $60 compared to $47.5 a year ago. The company expects earnings in the range of 28 to 33 cents per share.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|