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) operates as a diversified holding company with strategic focus on acquiring middle-market businesses across retail entertainment, flooring, and steel sectors. This page serves as the definitive source for verified corporate news, providing investors with timely updates on operational developments and value-driven acquisitions.
Access consolidated press releases covering earnings reports, manufacturing expansions, and strategic partnerships. Our repository ensures transparency across LIVE's core segments: retail product innovations, flooring industry advancements, and steel manufacturing efficiencies. Bookmark this resource for real-time insights into management decisions and market positioning.
Key updates include acquisition announcements, financial performance metrics, and leadership initiatives driving LIVE's buy-build-hold strategy. Subscribers and analysts benefit from unfiltered access to primary source materials, enabling informed analysis of the company's cross-sector growth trajectory.
Check regularly for developments reflecting LIVE's commitment to operational excellence in competitive markets. This evergreen hub eliminates information fragmentation, offering stakeholders a single destination for monitoring corporate milestones and industry impact.
Live Ventures (Nasdaq: LIVE) announced the acquisition of Central Steel Fabricators (CSF), a Chicago-based manufacturer specializing in data center and communications industry products. CSF, in operation since 1969, offers over 2,300 unique products to more than 500 clients, including major contractors and engineering firms. This acquisition aligns with Live Ventures' strategy to enhance its steel manufacturing operations. The addition of CSF is expected to capitalize on the growing demand for AI and data centers, driven by major corporate investments in these sectors. This move is anticipated to provide significant growth and development opportunities for Live Ventures.
Live Ventures Incorporated reported financial results for the second fiscal quarter of 2024, with revenue increasing by 30.2% to $118.6 million. However, the net loss was $3.3 million, resulting in a diluted loss per share of $1.04. Adjusted EBITDA was $4.5 million, compared to $9.2 million in the prior year period. The company repurchased 11,849 shares of common stock and had total assets of $433.9 million as of March 31, 2024. Live Ventures remains confident in its long-term strategy despite industry challenges.
Live Ventures Incorporated (NASDAQ: LIVE) will release its financial results for the fiscal second quarter of 2024 on May 13, 2024. The company will hold an earnings conference call on the same day to discuss these results. Investors can access the call via dial-in numbers provided in the press release. A recording of the discussion will be available on the Investor Relations page of the Live Ventures website.
LL Flooring Holdings, Inc. provided an update on its strategic alternatives review process, including a non-binding proposal to acquire all outstanding shares for $2.50 per share. The Board is in negotiations but has not accepted the proposal. The Company is committed to a fair process for all interested parties. Additionally, LL Flooring entered into a cooperation agreement with Live Ventures and Isaac Capital Group regarding director nominations and voting at the upcoming Annual Meeting of Stockholders on July 10, 2024.
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