Embattled Lumber Liquidators says it has enough cash for ‘foreseeable future’

Lumber Liquidators shareholders will get their first look on Thursday at how the hardwood floor retailer is dealing with the fallout from a damaging “60 Minutes” report.

The Toano, Va.-based company said Tuesday it will discuss the safety of its products, its outlook for the first quarter and its liquidity during a conference call with investors.

Lumber Liquidators said topics for the Thursday business update will include “why we believe our liquidity is adequate for the foreseeable future” and “what’s causing the confusion.”

The stock rose more than 11 percent in morning trading Tuesday, after falling about 15 percent a day earlier. Shares are down 46 percent this month.

The stock has been pummeled by a CBS report alleging that some laminate flooring made in China contained more formaldehyde than allowed by California law.

The company is also facing potential criminal charges from the Department of Justice over the illegal harvesting of lumber from Russian forests.

“We expect to continue to communicate with the DOJ regarding its intentions and possible courses of action in this matter,” Lumber Liquidators said in a regulatory filing in February.