Heritage Global Inc Stock Price, News & Analysis

Heritage Global Partners (NASDAQ: HGBL), a leading asset advisory and auction services company, has been appointed by the U.S. Bankruptcy Court for the District of Delaware to conduct an online auction of CaaStle, Inc.'s assets. The auction, scheduled for September 8-9, 2025, will feature commercial laundry equipment and premium branded clothing inventory.

The sale includes high-value assets such as Realstar dry cleaning systems, Wascomat commercial washing machines and dryers, Leonard steam tunnel systems, warehouse infrastructure, and premium apparel inventory from brands like Ralph Lauren, Ba&sh, Maje, Ann Taylor, and Banana Republic. The auction targets secondary market retailers, commercial laundry operators, 3PL/logistics providers, and apparel resellers.

Heritage Global (NASDAQ: HGBL), an asset services company, reported its Q2 2025 financial results with operating income of $2.2 million, down from $3.5 million in Q2 2024. The company posted net income of $1.6 million ($0.05 per diluted share), compared to $2.5 million ($0.07 per diluted share) in the prior-year quarter.

Notable developments include the repurchase of 744,424 shares for $1.6 million during Q2 2025, at an average cost of $2.13 per share. The Board authorized a new $7.5 million share repurchase program through June 2028. The company's net working capital decreased to $16.4 million, primarily due to headquarters acquisition, share repurchases, and investment in a pharmaceutical plant.

Heritage Global (NASDAQ: HGBL), an asset services company focused on financial and industrial asset transactions, has scheduled its second quarter 2025 financial results announcement for Thursday, August 7, 2025, after market close.

The company will host a conference call and webcast at 5:00 p.m. ET on the same day. Investors can join via phone using dial-in numbers 1-800-343-4136 (Domestic) or 1-203-518-9843 (International) with Conference ID: HGBLQ2. A replay will be available until August 21, 2025.

Heritage Global Inc. (NASDAQ: HGBL) reported its Q1 2025 financial results, showing continued profitability despite year-over-year declines. The company posted net income of $1.1 million ($0.03 per diluted share), down from $1.8 million ($0.05 per diluted share) in Q1 2024. Operating income decreased to $1.4 million from $2.6 million, while Adjusted EBITDA fell to $1.8 million from $2.9 million. The company maintained a strong balance sheet with net working capital of $14.7 million. During Q1, Heritage Global actively repurchased 490,651 shares for $1.0 million at an average cost of $2.12 per share. The company also made strategic moves, including acquiring a new corporate headquarters and investing in a pharmaceutical plant in Huntsville, Alabama. Management expressed confidence in sequential improvement for Q2 and a strong 2025 outlook, citing increased equipment auctions and growth in charged-off credit cards and non-performing consumer loans.

Heritage Global (NASDAQ: HGBL), an asset services company focused on financial and industrial asset transactions, has scheduled its first quarter 2025 financial results announcement for Thursday, May 8, 2025, after market close.

The company will host a webcast and conference call at 5:00 p.m. ET on the same day to discuss the Q1 2025 results. Investors can join via phone using 1-800-274-8461 (Domestic) or 1-203-518-9814 (International) with Conference ID: HGBLQ1. A replay will be available until May 22, 2025, through 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with pin 11158642.

Heritage Global Capital (HGC), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), has appointed Anastasia Suda as Executive Managing Director to lead its specialty lending division. Suda, who joined HGC in 2021 as Finance Manager, brings over 22 years of experience in financial market research, corporate governance, and strategic decision-making.

Prior to HGC, Suda had an 18-year career at S&P Global Market Intelligence (2002-2020), where she evaluated corporate financial data for S&P 500 and international companies. She also coordinated data content policies between S&P Capital IQ, S&P Dow Jones Indices, and Morgan Stanley Capital International. Suda graduated with distinction from the University of Colorado with a finance degree.

Heritage Global (NASDAQ: HGBL) reported its Q4 and full-year 2024 financial results. The company achieved $9.1 million in full-year net operating income and ended 2024 with $21.7 million in cash. Q4 2024 showed operating income of $1.5 million, down from $4.6 million in Q4 2023.

The company recorded a Q4 2024 net loss of ($0.2) million, or ($0.01) per diluted share, compared to net income of $4.9 million in Q4 2023. This includes a $1.3 million after-tax allowance adjustment due to decreased revenue from non-accrual loans.

Notable achievements include strengthening the balance sheet with stockholders' equity increasing to $65.2 million and completing $2.2 million in share repurchases during 2024 at an average cost of $1.74 per share. The company also secured a $4.1 million mortgage for a new corporate headquarters in San Diego.

Heritage Global Partners (HGP), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), has been appointed by the U.S. Bankruptcy Court to conduct an online auction of Electriq Power's assets (Case # 9:24-bk-15235). The auction features over $18 million in smart energy storage inventory, comprising more than 1,000 lots of brand-new equipment.

The sale includes lithium-ion batteries, inverters, solar panels, and other new in-box smart energy products. The auction targets users, dealers, installers, integrators, and technical professionals in the alternative energy sector. Online bidding opens on March 26, 2025 and closes on March 27, 2025 at 8:00 AM PDT.

Heritage Global Valuations (HGV), a division of Heritage Global Inc. (NASDAQ: HGBL), has appointed Ray Chen to lead business development initiatives in the Midwest region. Chen, who joined HGV in 2022, will focus on expanding the company's presence while continuing his role as an inventory appraiser.

Chen brings nearly a decade of experience in asset valuation and advisory services, previously working at a national appraisal and asset liquidation firm. He holds a BS in Finance and Economics from DePaul University and has expertise in industrial asset valuation, corporate finance, and strategic analysis.

This strategic appointment aligns with Heritage Global Inc.'s expansion goals in key markets. HGV specializes in commercial & industrial asset valuation, including inventories and machinery & equipment, serving clients across various industries from industrial manufacturers to e-commerce retailers.