Bradley S. Paulsen
Mr. Paulsen will now be joining the Company effective March 10, 2025.
Highest-materiality recent filing
Floor & Decor refinances $200M term loan, $800M ABL facility through 2033/2031
New $200M term loan secured by fixed assets/IP; SOFR + 2.00% margin; matures June 24, 2033.
All 11 director nominees elected with majority votes; broker non-votes of ~4,183,844 shares.
Floor & Decor Q1 EPS $0.37 vs $0.45 YoY; comparable sales down 3.7%; announces $400M buyback
Net sales $1,152.3M, down 0.7% YoY; comparable store sales down 3.7%.
Floor & Decor Q4 EPS $0.36 in-line with guidance; FY EPS $1.92 vs $1.90
Q4 net sales $1,129.7M (+2.0% YoY); comparable store sales -4.8%.
Floor & Decor Q3 EPS $0.53 beats guidance; sales up 5.5% YoY
Diluted EPS of $0.53, up 10.4% YoY from $0.48; exceeded high end of company guidance.
Floor & Decor appoints Bradley Paulsen as CEO; Thomas Taylor to Executive Chair
Director Richard Sullivan to retire at end of term, not standing for re-election in 2026.
Floor & Decor Q2 FY2025 EPS $0.58 (+11.5% YoY); revenue $1.214B (+7.1%)
Net sales $1,214.2M, up 7.1% vs Q2 FY2024; comparable store sales +0.4%, first quarterly increase since FY2022 Q4.
Floor & Decor stockholders approve charter amendments, including 25% special meeting right
Stockholders approved eliminating classified board, officer exculpation, and allowing 25% holders to call special meetings.
Floor & Decor Q1 EPS $0.45 vs $0.46; comps -1.8%; cuts FY2025 store openings to 20 from 25
Net sales $1,160.7M (+5.8% YoY); comparable store sales -1.8%.
Floor & Decor Q4: net sales +5.7%, EPS $0.44 (beat expectation); FY2025 25 store openings planned
Q4 net sales $1,107.4M (+5.7% YoY); diluted EPS $0.44 vs $0.34 (+29.4%).
Floor & Decor updates start date for President Bradley S. Paulsen to March 10, 2025
Bradley S. Paulsen appointed President of Floor & Decor; new start date March 10, 2025.
Floor & Decor appoints Bradley Paulsen as President; current President Lang to retire March 1, 2025
President Trevor Lang will retire March 1, 2025; no severance and unvested equity forfeited.
Floor & Decor derivative litigation settlement hearing rescheduled to Dec 23, 2024
Settlement hearing in Derivative Litigation moved from Dec 13 to Dec 23, 2024 at 11:00 a.m. ET in Delaware Chancery Court.
Floor & Decor board changes: Peter Starrett to retire Feb 2025; Nada Aried appointed Jan 2025
Director Peter Starrett will retire effective February 28, 2025; departure not due to any disagreement.
Floor & Decor Q3 net sales $1.12B (+0.9%); comp store sales -6.4%; EPS $0.48
Diluted EPS $0.48, down 21.3% from $0.61; operating income $66.3M, down 21.8%.
Floor & Decor CAO Luke Olson resigns effective Dec 12; CFO Bryan Langley to succeed
Luke Olson notified resignation as VP and Chief Accounting Officer, effective December 12, 2024.
Floor & Decor settles derivative suit for $8M net payment to company plus governance reforms
Company reached settlement in derivative litigation alleging insider trading; receives $8M net of plaintiffs' fees.
Floor & Decor President Trevor Lang to retire; company begins successor search
Trevor Lang, President of Floor & Decor (NYSE: FND), announced his retirement on September 3, 2024, effective upon appointment of a successor.
Floor & Decor Q2 net sales $1.13B (-0.2%), EPS $0.52 (-21%), comps -9.0%
Net sales $1,133.1M (-0.2% YoY); comparable store sales down 9.0%.
Floor & Decor shareholders elect 11 directors, approve say-on-pay at annual meeting
All 11 director nominees elected; Felicia Thornton received 86.6M for, 8.8M against.
Floor & Decor Q1 net sales -2.2% to $1.097B; diluted EPS $0.46, down 30% YoY
Net sales $1,097.3M decreased 2.2% from $1,122.1M; comparable store sales fell 11.6%.
Floor & Decor Q4 EPS $0.34, comps -9.4%; names Christopherson CAO/CLO
Q4 net sales $1,048.1M flat YoY; comp store sales fell 9.4%; diluted EPS $0.34 vs $0.64.
Floor & Decor Q3 EPS $0.61 down 14% YoY; comparable store sales -9.3%
Net sales $1,107.8M up 0.9% YoY; comparable store sales decreased 9.3%.
Floor & Decor EVP Brian Robbins to depart March 1, 2024; transition services agreed
Brian K. Robbins, EVP Business Development Strategy, will leave on March 1, 2024 after a transition period.
Floor & Decor Q2 net sales +4.2% to $1.14B; comp store sales -6.0%; EPS $0.66 beats expectations
Net sales $1,135.9M (+4.2% YoY); comparable store sales decreased 6.0%.
Amendment to 2017 Stock Incentive Plan approved: shares reserved increased by 4,000,000 to 9,000,000 total.
Floor & Decor Q1 net sales up 9.1% to $1,122.1M; comp sales down 3.3%
Diluted EPS $0.66 flat YoY; adjusted EBITDA $149.6M (+10.2%) from $135.8M.
Floor & Decor Q4 net sales up 14.6% to $1.05B; diluted EPS $0.64 (+39.1% YoY)
Q4 net sales $1,048.1M (+14.6% YoY); comparable store sales +2.5%.
Floor & Decor names Bryan Langley CFO, Trevor Lang President effective Nov 29
Bryan Langley promoted to EVP and CFO effective November 29, 2022; succeeds Trevor Lang who becomes President.
Director Kamy Scarlett resigns from Floor & Decor board, effective Nov 15, 2022
Kamy Scarlett resigned from Board and all committees effective Nov 15, 2022.
Floor & Decor amends credit agreement to replace LIBOR with Term SOFR
Amendment No. 6 transitions benchmark interest rate from Adjusted LIBOR to Adjusted Term SOFR.
Floor & Decor Q3 net sales +25% to $1.098B, comp store sales +11.6%, adj. EPS $0.70 beat
Net sales increased 25.2% YoY to $1,097.8M; comp store sales up 11.6%.
Revolving credit commitments increased to $800 million; accordion feature raised to $200 million.
Floor & Decor Q2 net sales up 26.7% to $1.09B; adj. EPS up 4.1% beat
Net sales $1,089.8M (+26.7% YoY); comparable store sales +9.2%.
Directors elected: Kamy Scarlett (95.34M for), Thomas V. Taylor Jr. (95.16M for), Charles Young (93.18M for).
Floor & Decor Q1 net sales up 31.5% to $1.03B; comps +14.3%; diluted EPS $0.66 vs $0.71
Net sales $1,028.7M, up 31.5% YoY; comparable store sales +14.3%.
Floor & Decor announces virtual Investor Day on March 16, 2022
Investor Day held virtually on March 16, 2022 at 8:30 a.m. Eastern Time.
Floor & Decor Q4 sales up 26.4% but EPS falls 14.8%; expands store target to 500
Q4 net sales $914.3M (+26.4% YoY); comp store sales +14.0%.
Floor & Decor Q3 net sales +28% to $876.6M, comp store sales +10.9%, diluted EPS $0.69 (+6.2%)
Net sales $876.6M (+28% YoY), comp store sales +10.9%, diluted EPS $0.69 (+6.2%), adjusted EPS $0.60 (+7.1%).
Floor & Decor appoints Dwight James to board; David Kaplan resigns
David Kaplan resigns from board effective Sept 30, 2021, unrelated to any disagreement with Company.
Floor & Decor Q2 net sales +86% to $860M, diluted EPS $0.77; President to retire Apr 2022
Net sales rose 86.0% to $860.1M; comparable store sales increased 68.4% vs. Q2 FY2020.
Mr. Paulsen will now be joining the Company effective March 10, 2025.
On January 24, 2025, the Board of Directors of the Company (the “Board”) approved the appointment of Bradley S. Paulsen as President of the Company, effective April 28, 2025.
On January 24, 2025, Mr. Lang informed the Company that his retirement date will be March 1, 2025.
On October 30, 2024, the Board determined to appoint Nada Aried to the Board, effective as of January 1, 2025.
On November 1, 2024, Floor & Decor Holdings, Inc. (the “Company”) announced that on October 30, 2024, Peter Starrett informed the Company that he would be retiring from the Board of Directors (the “Board”) of the Company, effective February 28, 2025.
Bryan Langley, the Company’s Executive Vice President and Chief Financial Officer, will assume the role of principal accounting officer following Mr. Olson’s departure.
On October 10, 2024, Luke Olson notified Floor & Decor Holdings, Inc. (the “Company”) of his intention to resign as Vice President and Chief Accounting Officer, effective as of December 12, 2024, in order to pursue another opportunity.
On September 3, 2024, Trevor S. Lang, President of Floor & Decor Holdings, Inc. (the “Company”), informed the Company that he intends to retire from the Company.
On February 22, 2024, Floor & Decor Holdings, Inc. (the “Company”) announced that, effective as of February 22, 2024, it has appointed David Christopherson to serve as its Executive Vice President, Chief Administrative Officer & Chief Legal Officer.
On August 25, 2023, Brian K. Robbins, Executive Vice President, Business Development Strategy, of Floor & Decor Holdings, Inc. (the “Company”), informed the Company that he intends his last day of employment with the Company to be March 1, 2024.
On November 29, 2022, Floor & Decor Holdings, Inc. (the “Company”) announced that it will promote Bryan Langley to serve as its Executive Vice President and Chief Financial Officer, effective immediately.
upon Mr. Langley’s promotion, Trevor Lang, the Company’s current Executive Vice President and Chief Financial Officer, will become the President of the Company.
Max materiality 0.85 · Median 0.65 · Most common event earnings