BNET Industries

La-Z-Boy Inc.

(LZB) is in the Manufacturing Industry

Market Cap:$509.7M
Last Fiscal Year Sales:$1.4B
  • Public
  • US
Dow Jones Description

La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The La-Z-Boy Upholstery Group companies are Bauhaus, England and La-Z-Boy. The La-Z-Boy Casegoods Group companies are American Drew/Lea, Hammary and Kincaid. The corporation's proprietary distribution network is dedicated exclusively to selling La-Z-Boy Incorporated products and brands, and includes 333 stand-alone La-Z-Boy Furniture Galleries(R) stores, 21 La-Z-Boy In-Store Galleries and 387 Comfort Studios, in addition to in-store gallery programs at the company's Kincaid, England and Lea operating units. According to industry trade publication In Furniture, the La-Z-Boy Furniture Galleries retail network is North America's largest single-brand furniture retailer.

President & Chief Executive Officer
Kurt L. Darrow
Number of Employees 7,730
Contact Information

1284 N Telegraph Rd

Monroe, Michigan 48162-5138

www.lazboy.com

(734) 242-1444

NAICS Code Upholstered Household Furniture Manufacturing: 337121

Recent Events

  • La-Z-Boy receives $3 million in antidumping duties

    12/04/09 - New Investment - View Story

  • La-Z-Boy Introduces Redesigned Website

    11/19/09 - Product Announcement - View Story

  • In Focus: Autodesk, Chico's, Longtop

    11/19/09 - Financial Announcement - View Story

  • BRIEF: Bids on La-Z-Boy chair reach $37,000

    10/31/09 - Merger / Acquisition - View Story

  • Recent earnings reports show encouraging pattern

    9/23/09 - Bond / Stock Rating - View Story

  • Stocks in the Spotlight Wednesday

    8/19/09 - Bond / Stock Rating - View Story

  • La-Z-Boy logs $2M profit

    8/30/09 - Financial Announcement - View Story

  • Raymond James downgrades La-Z-Boy to ‘market perform'

    7/23/09 - Bond / Stock Rating - View Story

  • Straining to see light at end of the tunnel

    7/07/09 - Financial Announcement - View Story

  • Six industry leaders nominated for Furniture Hall of Fame

    7/01/09 - Merger / Acquisition - View Story

  • Stocks in the Spotlight Tuesday

    6/16/09 - Bond / Stock Rating - View Story

  • La-Z-Boy posts profit of $5.3 million in 4Q

    6/27/09 - Financial Announcement - View Story

News & Analysis

finance and la-z-boy inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Kurt L. Darrow President & Chief Executive Officer
David M. Sowinski President, Pennsylvania House Retail Segment
John V. Labarowski President, Hammary Furniture
Mac McCall President, Clayton Marcus
Michael C. Moldenhauer President, Sam Moore Furniture
Noel L. Chitwood President, American of Martinsville
R. Jack Richardson, JR. President, American Drew and Lea Industries
Rodney D. England President, Non-Branded Upholstery Product
Steven M. Kincaid President, Casegoods Product
Steven W. Pilgrim President, Bauhaus Casegoods Segment
Daniel F. DeLand CIO
David M. Risley Cfo
Doug Collier Cmo & Vice President
L.M. Riccio Chief Accounting Officer & Controller
Louis M. Riccio, JR. Chief Accounting Officer
Mark S. Bacon Sr. Chief Retail Officer
Mike Riccio Cfo & Senior Vice President
Otis S. Sawyer CIO
Brian Mossor Reg Vice President, Sales, Midwest
David Koehler Reg Vice President, Sales, South Central
Margaret L. Mueller Controller & Vice President
Mark Hellwig Vice President, Corp Fabric Procurement
Mark Wagner Vice President, Store Dev & Marketing
Paula Hoyas Vice President, Upholstery Mdsg
Roger Miller Vice President, Process Improvement
Steven P. Rindskopf Vice President, Corporate Human Resources
Daniel J Schrauben IBM Client Executive
James P. Klarr Corporate Counsel
John H. Foss Manufacturing Financial Executive
Tom R. Yow
Donald L. Mitchell Director
Mark A. Stegeman Treasurer

Board of Directors

Name (plus bio) Position
Patrick H. Norton Chairman
D.K. Hehl Board of Directors
David K. Hehl Board of Directors
H. George Levy Board of Directors
H.G. Levy Board of Directors
H.O. Petrauskas Board of Directors
J.H. Foss Board of Directors
J.L. Thompson Board of Directors
J.W. Johnston Board of Directors
Jack L. Thompson Board of Directors
James W. Johnston Board of Directors
Janet E. Kerr Board of Directors
K.L. Darrow Board of Directors
N. Qubein Board of Directors
Nido R. Qubein Board of Directors
P.H. Norton Board of Directors
R.E. Lipford Board of Directors
Richard M. Gabrys Board of Directors
Rocque E. Lipford Board of Directors
W. Alan McCollough Board of Directors

Organization Position Status
La-Z-Boy Incorporated President & Chief Executive Officer Current
La-Z-Boy Incorporated Director Current
La-Z-Boy Incorporated Senior Vice President, Sales and Marketing Former

Organization Position Status
La-Z-Boy Incorporated President, Pennsylvania House Retail Segment Current

Organization Position Status
La-Z-Boy Incorporated President, Hammary Furniture Current

Organization Position Status
La-Z-Boy Incorporated President, Clayton Marcus Current

Organization Position Status
La-Z-Boy Incorporated President, Sam Moore Furniture Current

Organization Position Status
La-Z-Boy Incorporated President, American of Martinsville Current

Organization Position Status
La-Z-Boy Incorporated President, American Drew and Lea Industries Current

Organization Position Status
La-Z-Boy Incorporated President, Non-Branded Upholstery Product Current
England, Inc. President Former
La-Z-Boy Incorporated President, Non, Branded Upholstery & Senior Vice President Former

Organization Position Status
Alexvale Furniture, Inc. President Current
La-Z-Boy Greensboro, Inc. President, Case Goods Group Current
Kincaid Furniture Company, Inc. President Current
La-Z-Boy Incorporated President, Casegoods Product Current
La-Z-Boy Incorporated President, Casegoods & Senior Vice President Former

Organization Position Status
La-Z-Boy Incorporated President, Bauhaus Casegoods Segment Current

Organization Position Status
La-Z-Boy Incorporated CIO Current

Organization Position Status
La-Z-Boy Incorporated Cfo Current
Tecumseh Products Company Chairman Current
La-Z-Boy Incorporated Senior Vice President Former

Organization Position Status
La-Z-Boy Incorporated Cmo & Vice President Current
La-Z-Boy Residential Vice President, Marketing Former

Organization Position Status
La-Z-Boy Incorporated Chief Accounting Officer & Controller Current

Organization Position Status
La-Z-Boy Incorporated Chief Accounting Officer Current
La-Z-Boy Incorporated Senior Vice President Former
La-Z-Boy Incorporated Director, Accounting Former
La-Z-Boy Incorporated Corporate Controller Former

Organization Position Status
La-Z-Boy Incorporated Chief Retail Officer Current
The Pep Boys-Manny, Moe & Jack Executive Vice President, Sales, Commercial and Operations Former

Organization Position Status
La-Z-Boy Incorporated Cfo & Senior Vice President Current

Organization Position Status
La-Z-Boy Incorporated CIO Current
La-Z-Boy Incorporated Senior Vice President, Corp Operations Former

Organization Position Status
La-Z-Boy Incorporated Reg Vice President, Sales, Midwest Current

Organization Position Status
La-Z-Boy Incorporated Reg Vice President, Sales, South Central Current

Organization Position Status
La-Z-Boy Incorporated Controller & Vice President Current

Organization Position Status
La-Z-Boy Incorporated Vice President, Corp Fabric Procurement Current

Organization Position Status
La-Z-Boy Incorporated Vice President, Store Dev & Marketing Current

Organization Position Status
La-Z-Boy Incorporated Vice President, Upholstery Mdsg Current
La-Z-Boy Residential Vice President, Upholstery Mdsg Current

Organization Position Status
La-Z-Boy Incorporated Vice President, Process Improvement Current

Organization Position Status
La-Z-Boy Incorporated Vice President, Corporate Human Resources Current

Organization Position Status
La-Z-Boy Incorporated IBM Client Executive Current
Ilitch Holdings, Inc. IBM Client Executive Current
Wolverine World Wide, Inc. IBM Client Executive Current
Art Van Furniture, Inc. IBM Client Executive Current
Portland Federal Credit Union Chairman of the Board Current
Periculum Member of the Board of Directors Current
Lansing Community College Associate of Science degree in Electronics Technology Former

Organization Position Status
La-Z-Boy Incorporated Corporate Counsel Current
La-Z-Boy Incorporated Secretary Current

Organization Position Status
La-Z-Boy Incorporated Manufacturing Financial Executive Current
La-Z-Boy Incorporated Board of Directors Current

Mr. Yow has held a variety of positions over a 35 year career in manufacturing including Chief Executive Officer, Chief Operating Officer, and Vice President of Manufacturing. His company associations include Henredon, Hammary (a LA-Z-BOY company), Broyhill Furniture Industries, Creations Manufacturing, and Stanton Furniture. Mr. Yow has extensive experience with the implementation of lean manufacturing and in the development of sourcing programs from Asia. One of his primary responsibilities with Cornerstone is to assist Cornerstone's portfolio companies with developing both a lean manufacturing and an Asian sourcing strategies. Mr. Yow is a director of Stanton International (Portland, Oregon), Wood Technologies (Fresno, California), and Thomas Parker Collection (High Point, North Carolina). He is a graduate of Mars Hill College in North Carolina with a Bachelor of Science in Business Administration.

Organization Position Status
Cornerstone Capital Partners Operating Partner Current
Broyhill Furniture Industries, Inc. Current
La-Z-Boy Incorporated Current
Cornerstone Capital Partners Chief Executive Officer Former
Cornerstone Capital Partners Chief Operating Officer Former
Cornerstone Capital Partners Vice President of Manufacturing Former
Mars Hill College Bachelor of Science In Business Administration Former

Organization Position Status
La-Z-Boy Incorporated Chairman Current
La-Z-Boy Incorporated Director Former

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Director Current
La-Z-Boy Incorporated Furniture Executive Former

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
Plastics Group Inc. Chairman Current
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current
La-Z-Boy Incorporated Private Investor Current

Organization Position Status
Pepperdine University School of Law Professor of Law Current
CKE Restaurants Inc. Professor Current
La-Z-Boy Incorporated Board of Directors Current
CKE Restaurants Inc. Board of Directors Current
Enterprise Institute Advances Women Board of Directors Current
Nawbo-La Board of Directors Current
CKE Restaurants Inc. Committee Member Current
Hrl Laboratories, LLC Co-Founder Former

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current
La-Z-Boy Incorporated President & CEO Former

Organization Position Status
La-Z-Boy Incorporated Treasurer Current
La-Z-Boy Incorporated Vice President & Treasurer Former

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current
La-Z-Boy Incorporated Chairman Former

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
Wayne State University Interim Dean, School of Business Administration Current
La-Z-Boy Incorporated Board of Directors Current
Dana Holding Corporation Board of Directors Former

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Organization Position Status
La-Z-Boy Incorporated Board of Directors Current

Executive News

  • Furniture Brands Names Mark Wiltshire President, FBI Canada

    Furniture World Magazine - 7/07/09 - View Story

  • Capel Announces "Win a WILLIAMSBURG Room" Sweepstakes

    Furniture World Magazine - 7/07/09 - View Story

  • Six leaders nominated for Furniture Hall of Fame

    Furniture Today - 7/07/09 - View Story

  • Toledo area stocks turn positive

    toledoblade.com - 7/05/09 - View Story

  • Six industry leaders nominated for Furniture Hall of Fame

    Furniture Today - 7/01/09 - View Story

  • La-Z-Boy posts profit of $5.3 million in 4Q

    Furniture Today - 6/27/09 - View Story

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     LZB $9.89 +0.30 (3.13% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 701,961
Shares Outstanding 51.55M
Market Cap 509.8M
Year High 10.29
Year Low 0.53
Earnings Per Share -1.00
P/E Ratio -9.89
Dividend 0.08
Yield 0.81
IndustryTop Rated
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