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Investor releaseQuarter not tagged2026-05-21Live Ventures Inc (LIVE) Q2 2026 Earnings Call Highlights: Strong Segment Growth Amid Revenue ...
GuruFocus.com
Live Ventures Inc (LIVE) Q2 2026 Earnings Call Highlights: Strong Segment Growth Amid Revenue ...
This article first appeared on GuruFocus. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Retail, entertainment, and flooring manufacturing segments delivered strong operating income growth of 32.8% and 24%, respectively. Retail Entertainment segment revenue increased by 14.8% to $21.2 million, driven by strong consumer demand. Gross margin improved by 80 basis points to 33.6%, reflecting better margins in several segments. General and administrative expenses decreased by 2.3% due to targeted cost reduction initiatives. Total cash availability increased to approximately $39.8 million, with improved working capital of $74.4 million. Revenue decreased by approximately $4.1 million or 3.8% compared to the prior-year period. Retail Flooring segment revenue decreased by 26.2% due to challenges in the new home construction and refurbishment markets. A non-cash goodwill impairment charge of $4 million negatively impacted the steel manufacturing segment. Net loss of approximately $2.4 million compared to net income of $15.9 million in the prior-year period. Adjusted EBITDA decreased by 8.8% due to lower gross profits. Warning! GuruFocus has detected 9 Warning Signs with LIVE. Is LIVE fairly valued? Test your thesis with our free DCF calculator. Q: Could you explain the goodwill impairment charge and its impact? A: The goodwill impairment charge is a non-cash accounting adjustment required when there's a triggering event, such as a decline in market conditions. In our case, it relates to the steel industry, specifically the stamping and metal forming business. This charge does not affect EBITDA or cash flow; it's purely a paper loss that adjusts the goodwill value on our books. (Answered by David Barrett, CFO) Q: Is the company considering acquisitions, or is the focus on debt reduction? A: Our strategy remains open to acquisitions if good opportunities arise. Meanwhile, we are actively paying down debt, having reduced it by about $8 million from March last year to the current year. (Answered by David Barrett, CFO) Q: When considering acquisitions, does the company focus on existing markets or diversification? A: It depends on market opportunities. While we often see more opportunities in markets where we already have a presence, like the steel industry, we are open to diversifying if an...
Investor releaseQuarter not tagged2026-05-15Live Ventures LIVE Q2 2026 Earnings Transcript
Motley Fool
Live Ventures LIVE Q2 2026 Earnings Transcript
Image source: The Motley Fool. Thursday, May 14, 2026 at 5 p.m. ET Chief Financial Officer — David Verret David Verret: Thank you, Greg. Good afternoon, everyone. Before discussing our financial results, I'd like to touch on a few key highlights from the quarter. During the quarter, our Retail Entertainment and Flooring Manufacturing segments delivered strong operating income growth of 32.8% and 24%, respectively. However, these gains were offset by a $1.9 million decrease in operating loss -- increase in operating loss in the Retail Flooring segment and a noncash goodwill impairment charge of approximately $4 million in our Steel Manufacturing segment. Excluding the impairment charge, consolidated operating income would have been approximately $2 million, essentially in line with the prior year period. Let's now discuss the financial results for the second quarter ended March 31, 2026. Revenue decreased approximately $4.1 million or 3.8% to $102.9 million compared to revenue of $107 million in the prior year period. The decrease in revenue primarily reflects a decline of approximately $7.2 million in the Retail Flooring segment, partially offset by an increase of approximately $2.7 million in the Retail Entertainment segment. Retail Entertainment segment revenue increased approximately $2.7 million or 14.8% to $21.2 million compared to $18.5 million in the prior year period. The revenue growth was driven by strong consumer demand across all product lines. Retail Flooring segment revenue decreased approximately $7.2 million or 26.2% to $20.2 million compared to $27.4 million in the prior year period. The decline was primarily driven by lower retail and contractor sales due to the continued headwinds in the new home construction and home refurbishment markets. Flooring Manufacturing revenue decreased approximately $1 million or 3.2% to $30.3 million compared to $31.3 million in the prior year period. The decline was primarily attributable to continued softness in the housing market. Net of intercompany eliminations, revenue decreased approximately $600,000 compared to the prior year period. Steel Manufacturing segment revenue increased approximately $1.1 million or 3.4% to $32.5 million compared to the prior year period. The increase in revenue was primarily driven by higher sales volumes in the fabricated, hardened ware, tool and die businesses, partially of...
Investor releaseQuarter not tagged2026-05-14Live Ventures Reports Fiscal Second Quarter 2026 Financial Results
GlobeNewswire
Live Ventures Reports Fiscal Second Quarter 2026 Financial Results
LAS VEGAS, May 14, 2026 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal second quarter ended March 31, 2026. Fiscal Second Quarter 2026 Key Highlights: Revenue was $102.9 million, compared to $107.0 million in the prior-year period Gross margin increased 80 basis points to 33.6%, compared to 32.8% in the prior-year period Operating loss was $2.0 million, compared to operating income of $2.1 million in the prior-year period. Excluding a non-cash goodwill impairment charge of approximately $4.0 million in the Steel Manufacturing segment, the fiscal second quarter 2026 operating income would have been approximately $2.0 million Net loss was $2.4 million and diluted loss per share was $0.80, compared to net income of $15.9 million and diluted earnings per share (“EPS”) of $5.05 in the prior-year period. Current-year period results include a non-cash goodwill impairment charge of approximately $4.0 million in the Steel Manufacturing segment and a $1.4 million gain on Employee Retention Credits in the Retail-Flooring segment. Prior-year period results benefited from a $22.8 million gain related to the modification of the Flooring Liquidators, Inc. (“Flooring Liquidators”) seller note Adjusted EBITDA¹ was $5.9 million, compared to $6.4 million in the prior-year period Total assets were $392.5 million, and stockholders’ equity was $92.9 million as of March 31, 2026 Approximately $39.8 million in cash and availability under the Company’s credit facilities as of March 31, 2026 “Our Retail-Entertainment and Flooring Manufacturing segments delivered strong operating income growth of 32.8% and 24.0%, respectively. These gains were offset by continued macroeconomic headwinds in the new-home construction and home-refurbishment markets, which negatively impacted our Retail-Flooring segment, as well as by a non-cash goodwill impairment charge of approximately $4.0 million in our Steel Manufacturing segment. Consolidated operating income before the non-cash goodwill charge would have been approximately $2.0 million, essentially in line with the prior-year period,” said David Verret, Chief Financial Officer of Live Ventures. “This quarter demonstrated both the resilience of our business model and the ongoing challenges in the Retail-Flooring market....
TranscriptFY2026 Q22026-05-14FY2026 Q2 earnings call transcript
Earnings source - 28 paragraphs
FY2026 Q2 earnings call transcript
Good day, everyone, and welcome to the Live Ventures Fiscal Year 2026 Q2 earnings conference call. At this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session. Now I'll turn the call over to your host, Greg Powell, Director of Investor Relations. Please go ahead, Greg.
Thank you, Elvis. Good afternoon, and welcome to the Live Ventures Second-Quarter Fiscal Year 2026 conference call. Joining us this afternoon are Jon Isaac, our Chief Executive Officer and President, and David Verret, our Chief Financial Officer. Some of the statements we're making today are forward-looking and are based on our best view of our businesses as we see them today. The actual results could differ materially due to a number of factors, including those outlined in our latest financials, Forms 10-K and Forms 10-Q, as filed with the Securities and Exchange Commission.
A matter of fact, our Form 10-Q will be filed here in a few minutes for this quarter. We have no obligation to publicly update our forward-looking statements after this call, whether as a result of new information, future events, changes in assumptions, or otherwise. You can find our press release referenced on this call in the investor relations section of the Live Ventures website. I direct you to our website, liveventures.com or sec.gov for our historical SEC filings. I will now turn the call over to David to walk us through our financial performance. David?
Thank you, Greg. Good afternoon, everyone. Before discussing our financial results, I'd like to touch on a few key highlights from the quarter. During the quarter, our Retail-Entertainment and Flooring Manufacturing segments delivered strong operating income growth of 32.8% and 24%, respectively. However, these gains were offset by a $1.9 million increase in operating loss in the Retail-Flooring segment and a non-cash goodwill impairment charge of approximately $4 million in our Steel Manufacturing segment. Excluding the impairment charge, consolidated operating income would have been approximately $2 million, essentially in line with the prior-year period. Let's now discuss the financial results for the second quarter ended March 31st, 2026.
Revenue decreased approximately $4.1 million or 3.8% to $102.9 million compared to revenue of $107 million in the prior-year period. The decrease in revenue primarily reflects a decline of approximately $7.2 million in the Retail-Flooring segment, partially offset by an increase of approximately $2.7 million in the Retail-Entertainment segment. Retail-Entertainment segment revenue increased approximately $2.7 million or 14.8% to $21.2 million compared to $18.5 million in the prior-year period. The revenue growth was driven by strong consumer demand across all product lines. Retail-Flooring segment revenue decreased approximately $7.2 million or 26.2% to $20.2 million compared to $27.4 million in the prior-year period.
The decline was primarily driven by lower retail and contractor sales due to the continued headwinds in the new home construction and home refurbishment markets. Flooring Manufacturing revenue decreased approximately $1 million or 3.2% to $30.3 million compared to $31.3 million in the prior-year period. The decline was primarily attributable to continued softness in the housing market. Net of intercompany eliminations, revenue decreased approximately $600,000 compared to the prior-year period. Steel Manufacturing segment revenue increased approximately $1.1 million or 3.4% to $32.5 million compared to the prior-year period. The increase in revenue was primarily driven by higher sales volumes in the fabricated hardened wear, tool, and die businesses, partially offset by lower revenue in the metal forming, assembly, and finishing solutions business.
Net of intercompany eliminations, revenue increased approximately $900,000 compared to the prior-year period. Gross profit decreased approximately $600,000 or 1.6% to $34.6 million compared to $35.1 million in the prior-year period. The decrease in gross profit was driven primarily by the lower revenues in the Retail-Flooring segment. Gross margin increased 80 basis points to 33.6% compared to 32.8% in the prior-year period, reflecting improved margins in the Steel Manufacturing, Flooring Manufacturing, and Retail-Flooring segments, as well as a more favorable revenue mix as the higher margin Retail-Entertainment segment represented a larger share of consolidated revenue. General and administrative expense decreased 2.3% to approximately $27.7 million.
The decline was driven primarily by targeted cost reduction initiatives in our Retail-Flooring and our Flooring Manufacturing segments, including lower compensation expense and reduced professional fees, partially offset by increased compensation and occupancy costs in our Retail-Entertainment segment. Sales and marketing expense increased 3.4% to approximately $4.9 million, primarily reflecting higher sales and marketing activity in the Retail-Flooring segment. Operating loss was $2 million compared to operating income of $2.1 million in the prior-year period. The decrease was primarily driven by a non-cash goodwill charge of $4 million in the Steel Manufacturing segment. Excluding the non-cash goodwill impairment charge, consolidated operating income would have been $2 million compared to $2.1 million in the prior-year period. Interest expense remained consistent at approximately $3.9 million as compared to the prior-year period.
Net loss was approximately $2.4 million, and diluted loss per share was $0.80 compared with net income of approximately $15.9 million and diluted EPS of $5.05 in the prior-year period. The net loss for the quarter ended March 31st, 2026 includes the goodwill impairment charge as well as a $1.4 million gain related to employee retention credits in the Retail-Flooring segment. The prior-year period benefited from a $22.8 million gain related to the modification of the Flooring Liquidators seller note. Adjusted EBITDA was $5.9 million, a decrease of approximately $600,000 or 8.8% compared to the prior-year period. The decrease in adjusted EBITDA was primarily due to the lower gross profits.
Turning to liquidity, we ended the second quarter with total cash availability of approximately $39.8 million, consisting of cash on hand of $15.2 million and availability under our various lines of credit of $24.6 million. Our working capital was $74.4 million as of March 31st, 2026, compared to $62.1 million as of September 30, 2025. As of March 31st, total assets were $392.5 million, and total stockholders' equity was $92.9 million. In conclusion, this quarter demonstrated both the resilience of our business model and the ongoing challenges in the retail flooring market.
We are focused on reducing costs and improving operations across our businesses, and we are pleased with the operating improvements in our Retail-Entertainment and Flooring Manufacturing segments. We remain committed to building on that progress in the second half of the fiscal year while driving further efficiencies in our Retail-Flooring business. We will now take questions from those of you on the conference call. Operator, please open the line for questions.
If you'd like to ask a question, please press star one on your phone now and you'll be queued in order. Again, star one for a question, and we'll pause briefly to form our queue. First up, we have Joseph Kowalsky of JD Financial Planners.
Hello, Joe.
Hi. Good afternoon, and thank you for the information. I hope there's not an echo here. I had to actually step out to a different room and had to leave the other phone. I'm just curious about the goodwill impairment. I generally understand accounting, but when it comes to things like goodwill, I always find it a little bit confusing. Could you go into just what exactly that refers to, please?
Sure. For accounting purposes, you know, there's an annual goodwill test. Ours is in Q4. If there's ever a triggering event that happens before that or outside of that testing period, then you're required to do a kind of a impromptu test. Essentially, because of some of the loss in production that we're seeing, really stemming from a decline in the market, you know, namely, you know, this has to do with in our Steel Manufacturing with our stamping and metal forming business. A lot of what they do relates to appliances and automobiles and things like that. As we're seeing, our customers pull back because sales are lagging on their end, we're coming in lower than what we expected to produce in the period because they're adjusting their volume as they go. Really it's all stemming just from continued uncertainty in the market.
Is that a paper loss, but you still have the revenues coming in?
That is correct. It is all just a paper loss. It has no impact on EBITDA. There is no cash aspect related to it. It is just a charge that kinda wipes out the goodwill. You know, in the old days, you used to amortize goodwill down over 15 years for book purposes. GAAP had changed that where you do not amortize it. The only way it ever comes off the books is if, I guess, you run through an impairment.
I understand. Thank you for that. Has the company been considering acquiring anyone at this point, or is the focus on paying down the debt from prior acquisitions?
Yeah, I think our strategy has remained the same. I think if there are good opportunities that are coming up, we're absolutely interested in looking at those. While there isn't anything out there, we are taking advantage of that time and paying down our debt. I believe our debt was paid down about $8 million from March of last year to the current year, so.
Thank you. Then the final question is, when you are looking for other potential acquisitions, this is similar to a question I've asked in the past, maybe I'm looking at it a little differently. Do you tend to look in the same areas that you currently have companies, or are you looking more to diversify the portfolio into other areas, or does that just depend on what comes up in the market?
I think it depends on what comes up in the market, but I think what we've seen is as we begin to establish a presence in a certain market, i.e. like in the steel industry, we start to see more of opportunities just from our presence in that space. We will diversify. If there's something that kinda meets our criteria, then it doesn't matter the industry.
There is actually one final question. You've had a couple of missteps in the past, and I just wonder what you can say you've learned from those missteps as far as acquiring companies in the future. Then I will be quiet and listen. Thank you very, very much.
Well, that's kind of a tough one right there. I just think, really, it's all just around due diligence. Every time there may be a little nuance related to an acquisition that we'll kind of pick up on and then try to fine-tune that kind of going forward. I mean, after every acquisition, I believe we get better. We get a little bit more knowledgeable. All we do is kind of look at, you know, what has happened, do a postmortem type of assessment on acquisitions and find out what worked and what didn't work. Just trying to build on the positives and mitigate those negative aspects.
Okay, fair enough. Thank you very much.
Thank you.
Once again, everyone, press star one for a question. We have no further questions at this time. David, back over to you for any closing comments.
Thank you. I wanna thank everyone for joining our Q2 earnings call. We look forward to seeing you next quarter. Thank you.
That concludes our meeting today. You may now disconnect.
Investor releaseQuarter not tagged2026-05-07Live Ventures to Issue Fiscal Second Quarter 2026 Financial Results and Hold Earnings Conference Call on May 14, 2026
GlobeNewswire
Live Ventures to Issue Fiscal Second Quarter 2026 Financial Results and Hold Earnings Conference Call on May 14, 2026
LAS VEGAS, May 07, 2026 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (NASDAQ: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, will issue its financial results for its fiscal second quarter ended March 31, 2026, before the market opens on Thursday, May 14, 2026. The Company will hold a conference call to discuss the results on Thursday, May 14, 2026, at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time). The dial-in numbers are as follows: 800.231.0316 (U.S.) +1.314.696.0504 (International/caller-paid) Conference Title: Live Ventures Fiscal First Quarter 2026 Earnings Conference Call Please dial in at least 15 minutes in advance, but no sooner than 30 minutes, to ensure you are connected. To listen to the discussion after the call, please visit the “Investor Relations” page on the Live Ventures website (https://ir.liveventures.com/) to access the recording. About Live Ventures Incorporated Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company seeks opportunities to partner with management teams of its acquired businesses to build stockholder value through a disciplined buy-build-hold, long-term-focused strategy. Live Ventures was founded in 1968. In late 2011, Jon Isaac, the Company's CEO and strategic investor, joined the Board of Directors and later refocused the Company into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries. Contact: Live Ventures Incorporated Greg Powell, Director of Investor Relations 725.500.5597 [email protected] www.liveventures.com Source: Live Ventures Incorporated
Investor releaseQuarter not tagged2026-02-16Live Ventures Inc (LIVE) Q1 2026 Earnings Call Highlights: Strong Operating Income Growth Amid ...
GuruFocus.com
Live Ventures Inc (LIVE) Q1 2026 Earnings Call Highlights: Strong Operating Income Growth Amid ...
This article first appeared on GuruFocus. Release Date: February 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Operating income increased by 352.9% to $3.5 million compared to the prior year period. Adjusted EBITDA rose by 35.7% to $7.8 million, driven by higher operating income. Gross margin improved by 90 basis points to 32.6%, attributed to efficiencies and favorable product mix. The company successfully refinanced a credit facility in the steel manufacturing segment, strengthening the balance sheet. General and administrative expenses decreased by 7.4% due to targeted cost reduction initiatives. Total revenue decreased by 2.7% to approximately $108.5 million. Retail flooring segment revenue dropped by 20.2% due to store closures and a soft housing market. Steel manufacturing segment revenue fell by 4.3% due to lower sales volumes. Net loss for the quarter was approximately $100,000, compared to a net income of $500,000 in the prior year. Working capital decreased to $59.1 million from $62.1 million as of September 30, 2025. Warning! GuruFocus has detected 10 Warning Signs with LIVE. Is LIVE fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an overview of the financial performance for the first quarter of fiscal year 2026? A: David Barrett, CFO, reported that the company saw a 352.9% increase in operating income, reaching $3.5 million, despite a 2.7% decrease in total revenue to $108.5 million. Adjusted EBITDA increased by 35.7% to $7.8 million. The decrease in revenue was mainly due to declines in the retail flooring and steel manufacturing segments, partially offset by growth in the retail entertainment and flooring manufacturing segments. Q: What were the main factors contributing to the changes in revenue across different segments? A: David Barrett, CFO, explained that the retail entertainment segment saw an 11% increase in revenue due to strong consumer demand. The retail flooring segment experienced a 20.2% decline due to changes in store footprint and a soft housing market. The flooring manufacturing segment had a slight decrease in revenue, while the steel manufacturing segment saw a 4.3% decline due to lower sales volumes. Q: How did the company manage to improve its operating income significantly? A: David Barrett, CFO, attributed the improvement in op...
Investor releaseQuarter not tagged2026-02-13Live Ventures Incorporated Q1 2026 Earnings Call Summary
Moby
Live Ventures Incorporated Q1 2026 Earnings Call Summary
Operating income increased 352.9% to $3.5 million, driven by strengthened operating disciplines and optimized cost structures across portfolio companies. Retail-Flooring segment revenue declined 20.2% due to a smaller store footprint and sustained softness in new home construction and refurbishment markets. Flooring Manufacturing gross margins improved through enhanced operational efficiencies and a more favorable product mix. Retail-Entertainment revenue grew 11% to $23.6 million, supported by strong consumer demand across all product lines. Steel Manufacturing experienced a 4.3% revenue decline primarily due to lower sales volumes in metal forming, assembly, and finishing solutions. General and administrative expenses were reduced by 7.4% through targeted cost reduction initiatives, specifically lower compensation and professional fees in the Retail-Flooring segment. Interest expense decreased 14.4% as the company prioritized lowering average debt balances compared to the prior year. Management is rolling out a comprehensive strategy to integrate AI, robotics, and data analytics across all business units to modernize operations. The company expects future revenue contributions from three new Retail-Flooring stores opened late in the first quarter of 2026. A successful credit facility refinancing in the Steel Manufacturing segment is intended to strengthen the balance sheet for future growth support. Strategic focus remains on reinforcing cost discipline to support long-term strategy despite the challenging macro backdrop in housing. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The year-over-year net income comparison was impacted by a prior-year $2.8 million gain from an earn-out settlement and a $700,000 gain from seller notes. Retail-Flooring gross margins were pressured by the sale of a greater mix of aged inventory during a seasonally slow period. Working capital increased to $69.1 million as of December 31, 2025, up from $62.1 million at the end of the previous fiscal year. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
Investor releaseQuarter not tagged2026-02-12Live Ventures Reports Fiscal First Quarter 2026 Financial Results
GlobeNewswire
Live Ventures Reports Fiscal First Quarter 2026 Financial Results
LAS VEGAS, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal first quarter ended December 31, 2025. Fiscal First Quarter 2026 Key Highlights: Revenue was $108.5 million, compared to $111.5 million in the prior-year period Gross margin increased to 32.6%, compared to 31.7% in the prior-year period Operating income increased $2.7 million, or 352.9%, to $3.5 million, compared to $0.8 million in the prior-year period Net loss was $0.1 million and diluted loss per share was $0.02, compared to net income of $0.5 million and diluted earnings per share (“EPS”) of $0.16 in the prior-year period. Net income for the prior-year period includes a net gain of $3.6 million from non-recurring items Adjusted EBITDA¹ increased $2.0 million, or 35.7%, to $7.8 million, compared to $5.7 million in the prior-year period Total assets of $389.2 million and stockholders’ equity of $95.3 million as of December 31, 2025 Approximately $38.7 million in cash and availability under the Company’s credit facilities as of December 31, 2025 Successfully completed a $47.0 million refinancing for the Steel Manufacturing segment, providing additional lending capacity “We are pleased with the continued operational progress during the quarter, which contributed to a $2.7 million, or 352.9%, increase in operating income compared with the prior-year period. These results were delivered despite sustained softness in new home construction and home refurbishment, which continued to weigh on our Retail-Flooring segment. In addition, we successfully refinanced one of our credit facilities in the Steel Manufacturing segment, strengthening our balance sheet and enhancing our ability to support future growth,” commented David Verret, Chief Financial Officer of Live Ventures. “We delivered a solid quarter marked by meaningful operating improvements across the businesses, despite a still-challenging housing backdrop. The 35.7% increase in Adjusted EBITDA¹ reflects the impact of our cost-reduction initiatives implemented last fiscal year. To build on this momentum, we are rolling out a comprehensive strategy to integrate AI across our business units. By applying AI alongside robotics and data analytics, we are modernizing operations, improving efficiency across the organ...
TranscriptFY2026 Q12026-02-12FY2026 Q1 earnings call transcript
Earnings source - 6 paragraphs
FY2026 Q1 earnings call transcript
Good day, everyone, and welcome to the Live Ventures Fiscal Year 2026 Q1 Earnings Conference Call. [Operator Instructions] Now I'll turn the call over to Greg Powell, Director of Investor Relations. Please go ahead, sir.
Thank you, Elvis. Good afternoon, and welcome to the Live Ventures First Quarter Fiscal Year 2026 Conference Call. Joining us this afternoon are Jon Isaac, our Chief Executive Officer and President; and David Verret, our Chief Financial Officer. Some of the statements we're making today are forward-looking and are based on our best view of our businesses as we see them today. The actual results could differ materially due to the number of factors, including those outlined in our latest filings, Forms 10-K and 10-Q as filed with the SEC. We have no obligation to publicly update any forward-looking statements after this call, whether as a result of new information, future events, changes in assumptions or otherwise. You can find our press release and 10-Q, which we filed today, referenced on this call in the Investor Relations section of the Live Ventures website. I direct you to our website, liveventures.com or sec.gov for our historical SEC filings. I will now turn the call over to David to walk you through our financial performance. David?
Thank you, Greg. Good afternoon, everyone. Before discussing our financial results, I'd like to touch on a few key highlights from the quarter. During the quarter, our portfolio companies continued to strengthen their operating disciplines and optimize their cost structures. These efforts contributed to a $2.7 million or 352.9% increase in operating income compared to the prior year period. Additionally, we reported adjusted EBITDA of $7.8 million, a $2 million or 35.7% increase compared to the prior year period. These results were delivered despite sustained softness in new home construction and home refurbishment markets, which continue to weigh on our Retail-Flooring segment. In addition, we successfully refinanced one of our credit facilities in the Steel Manufacturing segment, strengthening our balance sheet and enhancing our ability to support future growth. Let's now discuss the financial results for the first quarter ended December 31, 2025. Total revenue decreased approximately $3 million or 2.7% to approximately $108.5 million for the quarter ended December 31, 2025, compared to revenue of approximately $111.5 million in the prior year period. The decrease in revenue is primarily attributable to a $7.1 million decline in the Retail-Flooring and Steel Manufacturing segments, partially offset by a $4.1 million increase in the Retail-Entertainment and Flooring Manufacturing segments, net of intercompany sales eliminations. Retail-Entertainment segment revenue for the first quarter was approximately $23.6 million, an increase of approximately $2.3 million or 11% compared to $21.3 million in the prior year period. The revenue growth was driven by strong consumer demand across all product lines. Retail-Flooring segment revenue for the first quarter was approximately $25.3 million, down $6.4 million or 20.2% compared to $31.7 million in the prior year period. The decline was primarily driven by changes in our store footprint and continued softness in the housing market. During the quarter, we operated 2 fewer locations compared to the first quarter of 2025 due to store closures over the last year. That said, we did open 3 new stores late in the first quarter of 2026. While those locations have not yet materially contributed to revenue in the period, we're encouraged by the expansion and the opportunity they represent going forward. Flooring Manufacturing segment revenue for the first quarter was approximately $28.9 million, a decrease of approximately $300,000 or 1.1% compared to approximately $29.2 million in the prior year period. The decrease in revenue is primarily due to lower sales to the Retail-Flooring segment. Net of intercompany sales eliminations, revenue increased approximately $2 million compared to the prior year period. Steel Manufacturing segment revenue for the first quarter was approximately $31.9 million, a decrease of approximately $1.4 million or 4.3% compared to approximately $33.3 million in the prior year period. The decrease in revenue was primarily driven by lower sales volumes in the metal forming, assembly and finishing solutions business. Net of intercompany sales eliminations, revenue decreased approximately $700,000 compared to the prior year period. Gross profit was approximately $35.4 million for the first quarter, essentially unchanged compared to the prior year period. However, gross margin increased by 90 basis points to 32.6% as compared to 31.7% in the prior year period. Gross margin improvement was attributable to higher margins in the Flooring Manufacturing segment due to improved efficiencies and favorable product mix, improved efficiencies in the Steel Manufacturing segment and favorable product mix in the Retail-Entertainment segment, partially offset by lower gross margins in the Retail-Flooring segment. Gross margin for the Retail-Flooring segment declined year-over-year, primarily due to a greater mix of aged inventory sold during the seasonally slower period. General and administrative expense decreased approximately $2.2 million or 7.4% to approximately $27.8 million. The decrease was driven primarily by targeted cost reduction initiatives in our Retail-Flooring segment, including lower compensation and professional fee expenses. Sales and marketing expense decreased 10.4% to approximately $4.1 million, primarily reflecting lower compensation and product sample-related expenses in our Flooring Manufacturing segment. Operating income increased approximately $2.7 million or 352.9% to $3.5 million for the first quarter compared with operating income of approximately $800,000 in the prior year period. The increase in operating income was primarily driven by higher gross margins and lower operating expenses in the Retail-Flooring, Flooring Manufacturing and Corporate and Other segment, reflecting targeted cost reduction initiatives. Interest expense decreased 14.4% to approximately $3.6 million. The decrease was primarily due to lower average debt balances as compared to the prior year period. For the quarter ended December 31, 2025, net loss was approximately $100,000 and loss per share was $0.02 compared to net income of approximately $500,000 and diluted EPS of $0.16 in the prior year period. Net income for the prior year quarter includes a $2.8 million gain related to the settlement of the earn-out liability from the Precision Metal Works acquisition and a $700,000 gain from the settlement of PMW seller notes. Adjusted EBITDA for the first quarter was approximately $7.8 million, an increase of approximately $2 million or 35.7% compared to $5.7 million in the prior year period. The increase in adjusted EBITDA was primarily driven by higher operating income. Turning to liquidity. We ended the first quarter with total cash availability of $38.7 million, consisting of cash on hand of $15.1 million and availability under various lines of credit of $23.6 million. Our working capital was approximately $69.1 million as of December 31, 2025, compared to $62.1 million as of September 30, 2025. As of December 31, total assets were $389.2 million and total stockholders' equity was $95.3 million. In conclusion, we delivered a solid first quarter marked by meaningful operating improvements across the businesses despite a still challenging housing market backdrop. To build on this momentum, we are rolling out a comprehensive strategy to integrate AI across the business units. By applying AI alongside robotics and data analytics, we are modernizing operations, improving efficiency across the organization and reinforcing the cost discipline that supports our long-term strategy. We will now take questions from those of you on the conference call. Operator, please open the line for questions.
[Operator Instructions] David, we have no questions at this time. I'll turn it back over to you for any additional or closing comments.
We thank everyone for attending our Q1 conference call, and we look forward to speaking with you when we release our Q2 earnings. Thank you.
So that concludes our meeting today. You may now disconnect.
Investor releaseQuarter not tagged2026-02-05Live Ventures to Issue Fiscal First Quarter 2026 Financial Results and Hold Earnings Conference Call on February 12, 2026
GlobeNewswire
Live Ventures to Issue Fiscal First Quarter 2026 Financial Results and Hold Earnings Conference Call on February 12, 2026
LAS VEGAS, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (NASDAQ: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, will issue its financial results for its fiscal first quarter ended December 31, 2025, before the market opens on Thursday, February 12, 2026. The Company will hold a conference call to discuss the results on Thursday, February 12, 2026, at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time). The dial-in numbers are as follows: 800.231.0316 (U.S.) +1.314.696.0504 (International/caller-paid) Conference Title: Live Ventures Fiscal First Quarter 2026 Earnings Conference Call Please dial in at least 15 minutes in advance, but no sooner than 30 minutes, to ensure you are connected. To listen to the discussion after the call, please visit the “Investor Relations” page of the Live Ventures website (https://ir.liveventures.com/) for a recording. About Live Ventures Incorporated Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company seeks opportunities to partner with management teams of its acquired businesses to build stockholder value through a disciplined buy-build-hold, long-term-focused strategy. Live Ventures was founded in 1968. In late 2011, Jon Isaac, the Company's CEO and strategic investor, joined the Board of Directors and later refocused the Company into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries. Contact: Live Ventures Incorporated Greg Powell, Director of Investor Relations 725.500.5597 [email protected] www.liveventures.com Source: Live Ventures Incorporated
Investor releaseQuarter not tagged2025-12-12Live Ventures Inc (LIVE) Q4 2025 Earnings Call Highlights: A Turnaround in Operating Income ...
GuruFocus.com
Live Ventures Inc (LIVE) Q4 2025 Earnings Call Highlights: A Turnaround in Operating Income ...
This article first appeared on GuruFocus. Operating Income Increase: $10.2 million or 231.7% increase compared to the prior year, excluding goodwill impairment. Adjusted EBITDA: $33.4 million, an increase of $8.9 million or 36.3% compared to fiscal year 2024. Total Revenue: Decreased by $27.9 million or 5.9% to $444.9 million. Retail Entertainment Segment Revenue: $77.5 million, an increase of $6.5 million or 9.1%. Retail Flooring Segment Revenue: $122.3 million, a decrease of 14.7% or $14.7 million. Flooring Manufacturing Segment Revenue: $121.6 million, a decrease of $11.5 million or 8.6%. Steel Manufacturing Segment Revenue: $132.6 million, a decrease of $7.2 million or 5.1%. Gross Profit: Increased by approximately $900,000 to $145.7 million. Gross Margin: Increased 210 basis points to 32.7%. General and Administrative Expense: Decreased by $4.3 million or 3.6% to $113.7 million. Selling and Marketing Expenses: Decreased by $5.1 million or 22.6% to $17.3 million. Total Debt Decline: Approximately $33.5 million. Interest Expense: Decreased by $1.3 million or 7.7% to $15.6 million. Net Income: $22.7 million with diluted EPS of $4.93. Net Income One-Time Gains: Totaling $28.2 million. Total Cash Availability: $38.1 million. Working Capital: $62.1 million as of September 30, 2025. Total Assets: $386.4 million. Total Stockholders' Equity: $95.3 million. Share Repurchases: 59,704 shares at an average price of $8.85 per share. Warning! GuruFocus has detected 9 Warning Signs with LIVE. Is LIVE fairly valued? Test your thesis with our free DCF calculator. Release Date: December 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Live Ventures Inc (NASDAQ:LIVE) reported a significant turnaround with a $10.2 million or 231.7% increase in operating income compared to the prior year, excluding goodwill impairment. Adjusted EBITDA increased by $8.9 million or 36.3% to $33.4 million, reflecting improved operating performance. Gross profit increased by approximately $900,000 to $145.7 million, with gross margin improving by 210 basis points to 32.7%. Net income for fiscal year 2025 was approximately $22.7 million, a substantial improvement from a net loss of $26.7 million in the prior year. The company successfully reduced total debt by approximately $33.5 million, leading to a decrease in interest expense by $1....
Investor releaseQuarter not tagged2025-12-11Live Ventures Reports Fiscal Year 2025 Financial Results
GlobeNewswire
Live Ventures Reports Fiscal Year 2025 Financial Results
LAS VEGAS, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal year ended September 30, 2025. Fiscal Year 2025 Key Highlights: Revenue was $444.9 million, compared to $472.8 million in the prior year Gross margin increased to 32.7%, compared to 30.6% in the prior year Operating income increased $28.3 million to $14.6 million, compared to an operating loss of $13.6 million in the prior year Net income increased $49.4 million, or 185.2%, to $22.7 million, and diluted earnings per share (“EPS”) were $4.93, compared to a net loss of $26.7 million and diluted loss per share of $8.48 in the prior year. Net income for fiscal year 2025 includes a net gain of $28.2 million from non-recurring items. Net loss for fiscal year 2024 included a goodwill impairment charge of $18.1 million Adjusted EBITDA¹ increased $8.9 million, or 36.3%, to $33.4 million, compared to $24.5 million in the prior year The Company repurchased 59,704 shares of the Company’s common stock at an average price of $8.85 per share Total assets of $386.4 million and stockholders’ equity of $95.3 million as of September 30, 2025 Approximately $38.1 million in cash and availability under the Company’s credit facilities as of September 30, 2025 “We are pleased with the operational progress we delivered this year, which contributed to a $10.2 million, or 231.7%, increase in fiscal year 2025 operating income compared to the prior year, excluding the $18.1 million goodwill impairment recorded in fiscal year 2024. This performance came despite continued softness in the new home construction and home refurbishment markets, which continue to weigh on our Retail-Flooring and Flooring Manufacturing segments,” commented David Verret, Chief Financial Officer of Live Ventures. “Fiscal year 2025 marked a significant turnaround for Live Ventures. The progress we made was driven by decisive actions, including strategic pricing and targeted cost-reduction initiatives, resulting in a 36.3% increase in fiscal year 2025 Adjusted EBITDA¹ of $33.4 million, as compared to the prior year. We strengthened our operational discipline and improved our cost structure while navigating ongoing softness in new home construction and home refurbishment. Our team executed well in a challenging envir...