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Liquidity Svcs Inc - LQDT STOCK NEWS

Welcome to our dedicated page for Liquidity Svcs news (Ticker: LQDT), a resource for investors and traders seeking the latest updates and insights on Liquidity Svcs stock.

Liquidity Services Inc (NASDAQ: LQDT) maintains its position as a leader in surplus asset management through innovative online auction platforms. This news hub provides investors and industry professionals with essential updates about the company's marketplace operations, sustainability initiatives, and strategic developments.

Access real-time information about earnings announcements, partnership agreements, and technological advancements across LQDT's key segments including GovDeals and Retail Supply Chain Group. Our curated collection ensures you never miss critical updates about this circular economy enabler's role in transforming asset recovery markets.

Discover official press releases detailing new marketplace features, operational expansions, and corporate governance updates. All content undergoes strict verification to maintain compliance with financial reporting standards while preserving accessibility for both retail and institutional investors.

Bookmark this page for continuous access to LQDT's verified news stream. Check back regularly to stay informed about this innovative company's progress in building sustainable e-commerce solutions for surplus asset management.

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Liquidity Services reported impressive financial results for the second quarter of fiscal year 2024, with double-digit growth in Gross Merchandise Volume (GMV) and revenue. GAAP Net Income increased by 35%, and Non-GAAP Adjusted EBITDA saw a 22% rise. The company's strategic investments in sales, operations, and platform automation have led to market share expansion and record buyer participation across diversified segments. Operating cash flow was robust at $34.8 million, supporting acquisitions and share repurchase programs. Liquidity Services remains focused on driving shareholder value and enhancing customer service.

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Liquidity Services (LQDT) is set to announce its second-quarter fiscal year 2024 results on May 9, 2024. The Chairman and CEO, Bill Angrick, along with EVP and CFO, Jorge Celaya, will host a conference call to discuss the results at 10:30 AM Eastern Time. Investors can participate in the call and access a live webcast on the Company's investor relations site.
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Liquidity Services (LQDT) partners with RemArms to sell over 600 arms manufacturing assets as part of facility closure, aiming for strong sales results through online auctions on AllSurplus.com.
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Liquidity Services (NASDAQ: LQDT) announces auction of energy surplus assets in Channelview, Texas for an American multinational energy partner. Over 1,400 joints of subsea flowline, risers, and heavy wall line pipe are available on AllSurplus.com until February 29, 2024. Buyers can bid on unused pipe for offshore operators, pipeline companies, and construction service providers, helping to shorten procurement cycles and reduce capex spending.
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Liquidity Services (Nasdaq:LQDT) releases its 2024 Environmental, Social, and Governance (ESG) Report, showcasing its commitment to sustainable solutions in the circular economy. The report highlights the company's expansion of AllSurplus Deals marketplace, recycling initiatives, and charitable donations, emphasizing its dedication to creating a better future through sustainable practices.
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Liquidity Services (NASDAQ:LQDT) reported a 13% increase in Gross Merchandise Volume (GMV) to $305.9 million and a 1% decrease in Revenue to $71.3 million for the quarter ended December 31, 2023. The company recorded a GAAP Net Income of $1.9 million, down $2.1 million, and Non-GAAP Adjusted EBITDA of $7.3 million, down $2.6 million. Liquidity Services acquired Sierra Auction, aiming to strengthen its position as the leading online platform for the sale of vehicles, equipment, and surplus assets by government and commercial sellers.
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Liquidity Services (NASDAQ: LQDT) has announced a partnership with XCMG E-commerce Inc to facilitate the sale of over 6,000 refurbished construction machinery assets as part of XCMG's 'Reconditioned Machine' program. This marks the second year Machinio has served as a key partner in this program, reflecting the increased value Machinio brings to Chinese equipment sellers through its classified marketplace. The available assets include a mix of high-value reconditioned equipment such as XCMG-brand Skid Steer Loaders, Hydraulic Crawler Excavators, and a 180-ton Crawler Crane.
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Liquidity Services (LQDT) to Report First Quarter Fiscal Year 2024 Results on February 8, 2024
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Liquidity Services, Inc. (NASDAQ: LQDT) has acquired Sierra Auction, a full-service auction company specializing in the sale of vehicles, equipment, and surplus assets for government agencies, commercial businesses, and charities. The acquisition strengthens Liquidity Services' position in the southwest US market for municipal government surplus and expands its overall transportation and used equipment footprint. Established in 1986 in Phoenix, AZ, Sierra Auction is the sole auction outlet for seized and forfeited assets from prominent state and county government agencies in Arizona. The acquisition is expected to provide immediate access to a growing portfolio of clients in the southwestern US surplus market and increase the network of buyers for used vehicles and high-value equipment. Liquidity Services expects to retain Sierra's current management team and employees following the transaction.
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Liquidity Services (LQDT) announced the retirement of Mr. Phillip A. Clough from its board of directors after 20 years of service. The board will be reduced to 7 directors, and committee assignments will change effective February 2, 2024.
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Liquidity Svcs Inc

Nasdaq:LQDT

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961.91M
22.98M
25.95%
73.42%
4.8%
Internet Retail
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United States
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