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March 29, 2015 1:09 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 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. Presents at 7th Annual Spring Consumer Conference, Mar-24-2015 04:50 PM

Tile Shop Holdings, Inc. Presents at 7th Annual Spring Consumer Conference, Mar-24-2015 04:50 PM. Venue: The InterContinental Hotel New York Times Square, 300 West 44th Street at Eight Avenue, New York, New York, United States.

Tile Shop Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance or the Second Half and Full Year Ending December 31, 2015

Tile Shop Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $63,342,000 compared to $57,806,000 a year ago. Income from operations was $3,789,000 compared to $2,976,000 a year ago. Income before income taxes was $2,857,000 compared to $2,329,000 a year ago. Net income was $1,506,000 or $0.03 per basic and diluted share compared to $1,423,000 or $0.03 per basic and diluted share a year ago. Adjusted EBITDA was $10,280,000 compared to $9,432,000 a year ago. On a non-GAAP basis, net income was $1,663,000 compared to $1,961,000 a year ago. Non-GAAP earnings per diluted share were $0.03 compared to $0.04 per share a year ago. Capital expenditures were approximately $5.6 million in the quarter, primarily related to new store investment. The $5.5 million increase in sales was due to incremental net sales of $5.5 million from stores not included in the comparable store base, while comparable store sales were flat for the quarter. For the year, the company reported net sales of $257,192,000 compared to $229,564,000 a year ago. Income from operations was $21,576,000 compared to $33,078,000 a year ago. Income before income taxes was $17,929,000 compared to loss before income taxes of $23,718,000 a year ago. Net income was $10,547,000 or $0.21 per basic and diluted share compared to net loss of $35,660,000 or $0.72 per basic and diluted share a year ago. Adjusted EBITDA was $47,460,000 compared to $54,294,000 a year ago. On a non-GAAP basis, net income was $11,633,000 compared to $19,630,000 a year ago. Non-GAAP earnings per diluted share were $0.23 compared to $0.39 per share a year ago. The company generated positive free cash flow of approximately $6 million in 2014 despite the industry challenges and new store productivity softness experienced throughout the year. For the full year ending December 31, 2015 the company expects net sales to be in the range of $275 to $290 million, comparable store sales change to be low single digits, Earnings per share to be $0.27 to $0.33. Fully diluted shares are outstanding approximately 51 million. Capital expenditures are expected to range between $17 million and $20 million. Expectations for depreciation and amortization is approximately $23 million. For the second half of fiscal year 2015, the company expects non-GAAP earnings per share will range between $0.27 and $0.33 per share representing year-over-year growth between 17% and 43%.

Tile Shop Holdings, Inc. to Report Q4, 2014 Results on Feb 17, 2015

Tile Shop Holdings, Inc. announced that they will report Q4, 2014 results at 9:00 AM, US Eastern Standard Time on Feb 17, 2015

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