LaZBoy Incorporated (LZB) Q2 2026 Earnings Report

Liquidity and cash generation remain a strength. Operating cash flow was $50.03 million in the quarter, with capital expenditures of $20.47 million and free cash flow of $29.57 million, yielding a 5.66% free cash flow margin for the quarter. The balance sheet shows $338.51 million in cash and cash equivalents and total assets of $1.959 billion. Total debt stood at $502.92 million, with net debt of $164.41 million after cash on hand. The company maintained a healthy current ratio of ~1.94 and a quick ratio near 1.12, indicating solid short-term liquidity. Equity stood at $1.0396 billion, with a leverage profile of approximately 0.48x debt-to-equity and a robust interest-coverage profile given minimal interest expense (approximately $0.11 million).