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June 02, 2015 8:30 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 February 27, 2015, it operated 109 stores in 31 states with an average size of 22,200 square feet. The company also sells its products through its Website...

14000 Carlson Parkway

Plymouth, MN 55441

United States

Founded in 1985

1,181 Employees

Phone:

763-852-2988

Key Executives for Tile Shop Holdings, Inc.

Chief Executive Officer, President and Director
Age: 45
Total Annual Compensation: $300.0K
Founder, Advisor and Director
Age: 62
Total Annual Compensation: $500.0K
Chief Financial Officer and Senior Vice President
Age: 45
Total Annual Compensation: $81.9K
Senior Vice President of Operations
Age: 48
Total Annual Compensation: $208.0K
Senior Vice President of Retail
Age: 50
Total Annual Compensation: $208.0K
Compensation as of Fiscal Year 2014.

Tile Shop Holdings, Inc. Key Developments

Tile Shop Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for Full Year 2015; Plans to Open 8 to 10 New Stores for the Year 2015

Tile Shop Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s net sales grew 13.3% to $72.963 million for the quarter ended March 31, 2015 compared with $64.379 million for the first quarter of 2014. The $8.6 million increase in sales was due to incremental net sales of $5.7 million from stores not included in the comparable store base, while comparable store sales increased 4.5% or $2.9 million in the quarter. Income from operations was $7.195 million against $6.961 million a year ago. Income before income taxes was $6.421 million against $6.181 million a year ago. Net income was $3.659 million or $0.07 per basic and diluted share against $3.709 million or $0.07 per basic and diluted share a year ago. On a non-GAAP basis, net income for the quarter was $3.951 million, compared to $4.385 million in the comparable prior year period. Non-GAAP earnings per diluted share for the quarter ended March 31, 2015 were $0.08. Non-GAAP earnings per diluted share for the quarter ended March 31, 2014 were $0.09. Non-GAAP net income before taxes was $6.935 million against $7.309 million a year ago. For the first quarter of 2015, adjusted EBITDA was $14.692 million compared with $13.828 million for the first quarter of 2014, representing 6.2% growth. Free cash flow generated was $21.5 million. Capital expenditures were approximately $4.6 million in the quarter, primarily related to new store investments, store remodel activity and merchandising. The company is reaffirmed earnings expectations for full year 2015 based on past performance, anticipated new store openings and current economic conditions. For the year, the company now expects to report net sales in the range of $275 million - $290 million, comparable store sales change to be in the low single digits of 0.4%, gross margin % of net sales to be in the range of 69% to 70%, and depreciation & amortization approximately $23 million. Effective tax rate expected approximately 41%, adjusted earnings per share expected in the range of $0.27 to $0.33. Adjusted EBITDA expected in the range of $54 million - $60 million. Capital expenditures expected in the range of $17 million to $20 million. For the full year, the company expects to open 8 to 10 new stores.

Tile Shop Holdings, Inc. to Report Q1, 2015 Results on Apr 21, 2015

Tile Shop Holdings, Inc. announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on Apr 21, 2015

Tile Shop Holdings, Inc., Q1 2015 Earnings Call, Apr 21, 2015

Tile Shop Holdings, Inc., Q1 2015 Earnings Call, Apr 21, 2015

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