Lumber Liquidators Addresses Relabeling of Engineered Hardwood Products

Toano, VA, June 2, 2015—Lumber Liquidators disclosed a regulatory filing on June 1 in response to inquiries concerning certain relabeled engineered hardwood flooring products. The company reported that it relabeled the products because the supplier used California Air Resources Board compliance numbers that were not applicable. However, the company said the products were still CARB Phase II compliant.

Accusations of noncompliance with CARB standards due to high levels of formaldedhyde have, thus far, been in related to the company's Chinese-imported laminate flooring and this filing deals with engineered hardwood.

On June 2, Lumber Liquidators stock opened for trading at $21.09/share. In late February, prior to 60 Minutes program about the company’s violation of CARB standards, the stock was trading for between $60/share and $70/share.