Select Interior Concepts Provides Update On COVID-19

Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and nationwide distributor of interior building products, today provided an update on its proactive measures to safeguard the health and well-being of its team members, strengthen its financial position and safely operate as an essential installer and distributor amid the coronavirus (COVID-19) pandemic.

The COVID-19 outbreak continues to rapidly spread and impact all aspects of daily life. To date, nearly all affected states have determined residential construction and supply of residential construction trades to be essential services. Virtually all of the Company’s locations remain open and operational to serve customers.

The Company is committed to providing critical services to customers while safeguarding the welfare of its employees, customers and communities. Since February, the Company has taken decisive actions and implemented business continuity plans in accordance with the guidelines of the Center for Disease Control and Prevention (CDC) and other local health authorities. These actions to promote a safe work environment include travel bans, remote work policies, enhanced cleaning and hygiene in facilities, among other measures. The Company’s prior investments in online tools and capabilities, as well as an appointment-only policy at all showrooms has further limited in-person contact. The Company continues to closely monitor its operations and will make additional adjustments as necessary to promote safe business practices, as well as adhere to government mandates and local orders.

“As the COVID-19 crisis continues to spread, our top priority is the safety and well-being of our team members, customers and communities,” said Tyrone Johnson, Chief Executive Officer of Select Interior Concepts. “We are fortunate that our services have been designated as an essential business to continue delivering and installing the critical interior home products that our customers require. That said, during the month of March the broader economic effects of the pandemic began to create challenges in our demand environment. We are carefully managing our inventory levels, and working closely with our suppliers, to continue to address customer needs and any COVID-19 related interruptions to our international supply chain. During these extraordinary times, I am extremely proud of the outstanding efforts by our team members to help us to navigate this unprecedented situation.”