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La z boy Incorporated  (LZB)
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La Z Boy Incorporated's Suppliers Performance

LZB's Supply Chain

 
LZB Costs vs Sales of Suppliers Growth La Z Boy Incorporated's Suppliers recorded increase in sales by 10.44 % year on year in Q3 2022, from the previous quarter, sales fell by -9.07 %, La Z Boy Incorporated's cost of sales deteriorated by % year on year, compare to one quarter ago cost of sales fell by -3.32 % in Q3.

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La Z Boy Incorporated's Suppliers recorded increase in sales by 10.44 % year on year in Q3 2022, from the previous quarter, sales fell by -9.07 %, La Z Boy Incorporated's cost of sales deteriorated by -0.57 % year on year, compare to one quarter ago cost of sales fell by -3.32 % in Q3.

More on LZB Suppliers




La Z Boy Incorporated's Comment on Supply Chain


The principal raw materials and parts that we use in our Upholstery segment are purchased cover (primarily fabrics and leather), polyester batting and non-chlorofluorocarbonated polyurethane foam for cushioning and padding, lumber and plywood for frames, steel for motion mechanisms, and electrical components for power styles. We purchase about 55% of our polyurethane foam from one supplier, which has several facilities across the United States that deliver to our plants. We purchase cover from a variety of sources, but we rely on a limited number of major suppliers. We purchase approximately 40% of our cover in a raw state (fabric rolls or leather hides) and cut and sew it into cover, and 60% in covers that have already been cut and sewn by third-party offshore suppliers to our specifications. We buy cut-and-sewn leather and fabric products from four primary suppliers. Of the products that we import, two Chinese suppliers manufacture almost 90% of the leather cut-and-sewn sets, and two other Chinese suppliers manufacture over 95% of the fabric products. We primarily use these suppliers for their product design capabilities, to leverage our buying power, and to control quality and product flow, in addition to their ability to handle the volume of product we require to operate our business. If any of these suppliers experienced financial or other difficulties, we could experience temporary disruptions in our manufacturing process until we obtained alternate suppliers.

Our Casegoods segment is primarily an importer, marketer, and distributor of wood furniture, with some manufacturing operations for coordinated upholstered furniture. Raw materials, primarily related to our coordinated upholstery furniture, represented only about 5% of the value of our inventory in this segment and less than 2% of our total raw material, and mainly consisted of the same materials used in our Upholstery segment.

 


La Z Boy Incorporated's Comment on Supply Chain


The principal raw materials and parts that we use in our Upholstery segment are purchased cover (primarily fabrics and leather), polyester batting and non-chlorofluorocarbonated polyurethane foam for cushioning and padding, lumber and plywood for frames, steel for motion mechanisms, and electrical components for power styles. We purchase about 55% of our polyurethane foam from one supplier, which has several facilities across the United States that deliver to our plants. We purchase cover from a variety of sources, but we rely on a limited number of major suppliers. We purchase approximately 40% of our cover in a raw state (fabric rolls or leather hides) and cut and sew it into cover, and 60% in covers that have already been cut and sewn by third-party offshore suppliers to our specifications. We buy cut-and-sewn leather and fabric products from four primary suppliers. Of the products that we import, two Chinese suppliers manufacture almost 90% of the leather cut-and-sewn sets, and two other Chinese suppliers manufacture over 95% of the fabric products. We primarily use these suppliers for their product design capabilities, to leverage our buying power, and to control quality and product flow, in addition to their ability to handle the volume of product we require to operate our business. If any of these suppliers experienced financial or other difficulties, we could experience temporary disruptions in our manufacturing process until we obtained alternate suppliers.

Our Casegoods segment is primarily an importer, marketer, and distributor of wood furniture, with some manufacturing operations for coordinated upholstered furniture. Raw materials, primarily related to our coordinated upholstery furniture, represented only about 5% of the value of our inventory in this segment and less than 2% of our total raw material, and mainly consisted of the same materials used in our Upholstery segment.

 



LZB's Suppliers Net profit fell by LZB's Suppliers Net margin fell in Q3 to
-40.33 % 7.64 %


La Z Boy Incorporated's Suppliers Sales Growth in Q3 2022 by Industry

Suppliers in Chemical Manufacturing Industry      18.75 %
Suppliers in Aluminum Industry      12.2 %
Suppliers in Forestry & Wood Products Industry      60.91 %
Suppliers in Iron & Steel Industry -12.76 %   
Suppliers in Metal Mining Industry  
Suppliers in Miscellaneous Fabricated Products Industry      15.8 %
Suppliers in Paper & Paper Products Industry -4.16 %   
Suppliers in Furniture & Fixtures Industry      67.5 %
Suppliers in Electric & Wiring Equipment Industry      8.35 %
Suppliers in Renewable Energy Services & Equipment Industry     
Suppliers in Blank Checks Industry      5.18 %
Suppliers in Biotechnology & Pharmaceuticals Industry      1970.64 %
Suppliers in Professional Services Industry      39.6 %
Suppliers in Real Estate Operations Industry -2.73 %   
Suppliers in Marine Transportation Industry      1.6 %
Suppliers in Specialty Retail Industry -0.32 %   
     
• LZB Suppliers Valuation • LZB Segment Rev. Growth • LZB Segment Inc. Growth • LZB Suppliers Mgmt. Effect.





LZB's vs. Suppliers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
La z boy Incorporated 1,069.62 2,471.56 172.42 8,700
Matson inc 2,489.70 4,808.40 1,380.40 1,056
Performance Shipping Inc 21.32 42.05 3.71 0
Costamare Inc 0.00 793.64 435.12 6
Seaspan Corp 2,109.07 1,096.33 278.80 3,700
Global Ship Lease Inc 598.67 447.95 171.50 8
Sfl Corporation Ltd 1,392.44 513.40 164.34 7
Capital Product Partners L p 0.00 184.67 98.18 1
Tsakos Energy Navigation Limited 0.00 546.12 -150.58 1
Expeditors International Of Washington Inc 18,858.64 18,867.38 1,599.88 18,000
Danaos Corporation 1,132.73 689.51 1,052.84 1,287
International Textile Group Inc 0.00 0.00 0.00 4,750
Emerson Electric Co 57,853.41 19,629.00 3,230.00 83,500
Masco Corporation 11,443.88 8,779.00 919.00 18,000
The Odp Corporation 2,370.81 8,018.00 -125.00 56,000
Uniroyal Global Engineered Products Inc 2.43 69.88 2.86 415
Leggett and Platt Inc 4,805.69 5,395.40 355.00 22,000
Alcoa Corp 9,014.61 13,128.00 89.00 61,000
International Paper Company 13,370.84 22,292.00 2,686.00 51,000
Louisiana pacific Corporation 4,734.52 4,538.00 1,459.00 4,500
Plum Creek Timber Co Inc 0.00 1,340.00 214.00 1,308
Weyerhaeuser Company 24,022.41 10,567.00 2,285.00 9,400
United States Steel Corp 7,161.95 22,349.00 3,419.00 34,680
Beam Therapeutics Inc 3,293.47 91.95 -315.45 0
Bassett Furniture Industries Incorporated 171.82 494.48 65.36 2,237
Boatim Inc 0.00 0.13 -3.29 1
Ethan Allen Interiors Inc 699.58 802.61 101.64 0
Flexsteel Industries Inc 83.97 502.28 -2.21 1,460
Unique Fabricating Inc 6.58 134.91 -23.36 734
Ferro Corporation 1,914.77 1,126.26 150.54 4,846
Applied Biosciences Corp. 0.00 0.86 -0.96 1
Hooker Furnishings Corporation 204.45 514.92 -18.61 645
Kimball International Inc 263.27 687.08 -4.11 3,081
Nova Lifestyle Inc 3.61 14.78 -18.18 726
Hg Holdings Inc 21.98 10.71 1.68 71
Tempur Sealy International Inc 5,678.16 5,093.40 531.80 7,200
Virco Mfg. Corporation 68.62 182.57 1.79 695
Century Aluminum Company 921.43 3,095.00 97.80 1,778
Novelis Inc 0.00 19,063.00 967.00 11,970
Remitly Global Inc 1,768.66 583.77 -107.59 0
Boise Cascade Company 2,910.81 8,835.52 897.88 5,910
Deltic Timber Corp 1,133.91 228.72 9.44 536
Eco Building Products, Inc. 0.00 0.49 -10.60 4
Koppers Holdings Inc 660.74 1,700.40 28.20 742
Ufp Industries inc 5,231.63 9,729.85 720.09 9,300
Arconic Corporation 2,410.08 9,157.00 54.00 0
Continental Building Products Inc 1,289.86 518.23 67.48 617
Aleris Corporation 0.00 3,375.90 -11.80 5,400
Solitario Zinc Corp 40.74 0.00 -3.73 5
Huntsman Corporation 5,645.33 9,069.00 1,204.00 15,000
Quaker Chemical Corporation 3,474.44 1,905.82 78.23 2,020
Westlake Corporation 13,987.08 16,002.00 2,710.00 8,870
Westlake Chemical Partners Lp 813.39 1,618.76 356.19 141
Kaiser Aluminum Corporation 1,439.24 3,458.30 -1.50 2,760
Trecora Resources 231.52 301.32 8.99 310
Arcelormittal 29,982.48 76,571.00 15,565.00 0
Patrick Industries Inc 1,410.09 5,077.44 349.04 0
SUBTOTAL 247,144.79 324,043.16 43,012.82 457,679
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