Welcome to our dedicated page for Live Ventures news (Ticker: LIVE), a resource for investors and traders seeking the latest updates and insights on Live Ventures stock.
Live Ventures Inc (NASDAQ: LIVE) is a diversified holding company focused on acquiring and managing profitable, stable, and growing companies across various industries. Established in 1968 as Nuclear Corporation of New Mexico, the company has undergone significant transformations, including a rebranding from LiveDeal, Inc. in 2011 under the strategic leadership of CEO Jon Isaac.
Live Ventures' core business segments include:
- Retail: This segment involves direct sales of entertainment products, appliances, and services through its subsidiary Vintage Stock, which operates 72 retail stores and a comprehensive e-commerce platform.
- Flooring Manufacturing: The company produces carpets, rugs, and yarn products, and resells hard surface flooring products through brands under Harris Flooring Group.
- Steel Manufacturing: Live Ventures manufactures and sells steel products such as plates, ground flat stock, and drill rods through its acquired subsidiaries, including Precision Metal Works and The Kinetic Co., Inc.
- Corporate and Other: This segment includes various corporate functions and other smaller business operations.
Recent achievements include the strategic acquisitions of Flooring Liquidators and Precision Metal Works, significantly boosting revenue. In the fiscal first quarter of 2024, Live Ventures reported a 70.5% increase in revenue, driven primarily by these acquisitions. However, the company faced challenges with lower profit margins and higher administrative expenses, resulting in a net loss of approximately $0.7 million for the quarter.
Live Ventures continues to execute its 'buy-build-hold' strategy, aiming for long-term value creation through disciplined acquisitions and operational improvements. The company maintains strong relationships with high-profile customers, particularly in the data and telecommunications sectors, positioning itself for sustained growth despite industry-specific pressures.
For more information, visit the Live Ventures Inc. website.
Live Ventures Incorporated (Nasdaq: LIVE) reported record quarterly revenue of $70.9 million for Q2 fiscal 2021, marking a 53% increase from the previous year. The net income attributable to common stock was $8.7 million, and basic earnings per share (EPS) reached $5.62, up 425%.
The company showed significant growth across all its reporting segments, with Retail revenue at $24.0 million, Flooring Manufacturing at $33.0 million, and Steel Manufacturing contributing $13.8 million. Total cash and cash availability stood at $50.3 million.
Live Ventures Incorporated (Nasdaq: LIVE) reported preliminary record quarterly revenue for Q2 FY2021, expecting between $68 million and $72 million, reflecting a 46-55% year-over-year increase. The revenue growth is attributed to strong performance across its platform. The official Quarterly Report on Form 10-Q is scheduled for filing on May 17, 2021. However, the financial figures are preliminary and subject to adjustments due to the ongoing review process.
Live Ventures Incorporated (Nasdaq: LIVE) has appointed Eric Althofer as Chief Operating Officer and Managing Director for Corporate Finance, effective April 10, 2021. With over a decade of experience in capital markets and M&A, Althofer will lead the finance department and support the company’s growth through acquisitions. CEO Jon Isaac expressed confidence in Althofer's ability to contribute to the company's strategic vision. Althofer previously directed transactions at Capitala Investment Advisors and has a strong background in investment banking with Jefferies LLC.
Live Ventures Incorporated (Nasdaq: LIVE) reported record quarterly revenue of $62.5 million for the first fiscal quarter ended December 31, 2020, marking a 49% increase year-over-year. Earnings per share (EPS) soared to $3.45, representing a remarkable 1,050% rise. Net income climbed to $5.4 million, with operating income reaching $7.3 million, up 109%. The company also repurchased 33,926 shares at an average price of $10.97. Total assets amounted to $190.6 million against $142.0 million in liabilities.
Live Ventures (Nasdaq: LIVE) has announced the full repayment of a $24 million term loan to Comvest Credit Partners, eliminating associated interest costs. This repayment marks a significant milestone, providing the company with enhanced cash flow for future acquisitions. Despite challenges from the Covid-19 pandemic affecting Vintage Stock, which faced temporary store closures, the company adapted through cost-cutting measures and increased demand for in-home entertainment products. Live Ventures continues to focus on acquiring profitable companies with strong earnings histories.
Live Ventures Incorporated (Nasdaq: LIVE) reported strong financial results for the fiscal year ending September 30, 2020, with revenues of $191.7 million and net income of $10.9 million, translating to an EPS of $6.40. Operating income surged 527% to $20.4 million. The company also repurchased 236,908 shares at an average price of $7.01. Total assets were valued at $197.2 million against liabilities of $153.5 million, yielding stockholders' equity of $43.9 million.
Live Ventures made two key acquisitions: Lonesome Oak and Precision Marshall.
Live Ventures Incorporated (Nasdaq: LIVE) disclosed its Q3 2020 financial results, reporting revenues of $42.4 million and a net income of $3.6 million, equivalent to $2.18 EPS. Operating income surged 57% year-over-year to $6.0 million. The company's total assets were $156.0 million against total liabilities of $116.4 million. Additionally, Live Ventures repurchased 106,161 shares at an average price of $7.16 per share, reflecting a strategic move to enhance shareholder value.
Live Ventures Incorporated (Nasdaq: LIVE) has acquired Precision Industries, Inc. for approximately $31.5 million in cash. Precision Industries, known as Precision Marshall, specializes in premium tool steels and specialty alloys and is expected to boost Live Ventures' consolidated revenues by around $50 million annually. The acquisition strengthens Live Ventures' manufacturing portfolio and retains all employees. Thomas Sedlak will lead Precision Marshall as CEO, emphasizing a strong cultural fit and a commitment to community and economic contribution.
Live Ventures Incorporated (Nasdaq: LIVE) announced that CEO Jon Isaac purchased 28,672 shares of common stock for approximately $263,000 on May 28, 2020. This acquisition reflects Isaac's confidence in the company's future and commitment to its success. Live Ventures, established in 1968, is a diversified holding company with subsidiaries such as Marquis Industries and Vintage Stock, focusing on acquiring profitable companies and offering a range of products, including carpets and entertainment goods.
Live Ventures Incorporated (NASDAQ: LIVE) reported strong Q2 fiscal 2020 results, with revenues of $46.4 million and EPS of $1.30, marking a remarkable 420% increase year-over-year. Operating income also rose by 50% to $3.1 million. The company decreased its interest expense by 17% and gained $1.4 million from lease settlements. Live Ventures repurchased 64,868 shares during the quarter, contributing to a total of 252,694 shares bought back since February 2018. The total assets stood at $158.5 million against $121.9 million in liabilities.
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