Specialty flooring retailer completes IPO

The fast-growing Floor & Decor Holdings announced the closing of its initial public offering.



The company’s shares are now trading on the New York Stock Exchange under the symbol “FND.” Founded in 2000, Floor & Decor is a multichannel specialty retailer of hard surface flooring and related accessories. It offers a broad in-stock assortment of tile, wood, laminate and natural stone flooring along with decorative and installation accessories.



The company has doubled in size in five years, with sales growing from $277 million in 2011 to more than $772 million in 2016, reported Atlanta Business Chronicle. It has been profitable for the past five years, according to its IPO filing. Net income grew from $7.5 million in 2011 to more than $26 million in 2016, the report said.



Floor & Décor operates more than 70 stores in 17 states, with a high concentration of locations in Florida and Georgia. Stores promotes the slogan: “Everyday Low Prices. Period.”