La-Z-Boy Incorporated (NYSE:LZB) Q4 2019 Earnings Conference Call - Final Transcript

Jun 19, 2019 • 08:30 am ET

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La-Z-Boy Incorporated (NYSE:LZB) Q4 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
Kurt L. Darrow

this year, we'll be in a position to start being more forthright about what we think that will take.

Analyst
Dillard Watt

Understood. That's helpful. And then maybe Melinda, just any sort of help you might provide on what you expect working capital to do this year? Understanding that certainly, potentially depends on sales, which is a little bit uncertain, but there's anything that will push that one way or another, that will be great.

Executive
Melinda Whittington

Yeah. I mean as you said, it's all dependent on the business growth, right? But I would point out that, I mean if you look at our Q4 cash flow delivery, we had a particularly good year in '19 of managing our working capital relative to the business. So, certainly our intention would be to continue to do that.

But that's always a challenge. I don't see -- we don't have anything on cap (ph) where we are planning to make some big move on terms or anything to see something dramatic. Again, other than I'd call out, we put a lot of focus on working capital this year and drove some quite good results here in the fourth quarter.

Analyst
Dillard Watt

Understood. Thank you.

Executive
Kurt L. Darrow

Thank you, Dillard.

Operator
Operator

And that does conclude our Q&A session for today. I'll turn it back over to Kathy, Kurt and Melinda for closing remarks.

Executive
Kathy Liebmann

Thank you, everyone, for joining us on our call this morning. If you have follow-up questions, please give me a call and I will be in touch with you. Have a great day. Bye-bye.

Operator
Operator

And that does conclude today's teleconference. We thank you for your participation. You may disconnect your lines at this time and have a great day.