Live Ventures Inc Stock Price, News & Analysis

Live Ventures Incorporated (Nasdaq: LIVE) has announced the acquisition of Flooring Liquidators, Inc., a prominent California and Nevada retailer, for approximately $84 million. This acquisition is projected to increase Live Ventures' annual sales by about 50%, equating to an additional $125 million in revenue. The deal, financed through cash, debt, and stock issuance, will dilute shares by 3.78%. Live Ventures aims to leverage the existing management team of Flooring Liquidators and its business model to foster growth across retail, builder, and mobile store divisions.

Live Ventures reported its fiscal year 2022 results, showing revenues of $286.9 million, up from $273.0 million in 2021. However, adjusted EBITDA fell to $38.4 million, down 13.8% year-over-year, and net income dropped 20.7% to $24.7 million. The diluted EPS for the year decreased 20.0% to $7.84. In Q4, revenues reached $73.8 million, a 4.6% increase from the prior year, but it reported a net loss of $0.6 million due to a $4.9 million impairment charge. The company aims to enhance operations and long-term stockholder value.

Live Ventures Incorporated (NASDAQ: LIVE) will announce its financial results for the fiscal fourth quarter and full year ending September 30, 2022, on December 15, 2022, before NASDAQ opens. A conference call to discuss these results is scheduled for the same day at 2:00 p.m. PT. The company is a diversified holding firm focusing on value-oriented acquisitions in various sectors, aiming to enhance shareholder value through a disciplined buy-build-hold strategy.

Live Ventures Incorporated (Nasdaq: LIVE) reported Q3 FY 2022 revenue of $68.3 million, a 1.2% decrease year-over-year, driven by declines in Retail and Flooring Manufacturing segments. Net income fell to $3.5 million (down 65.1%), with diluted EPS at $1.11, a 63.2% decrease. Adjusted EBITDA was $8.8 million, down 9.5%. Notably, the Steel Manufacturing segment grew 15.0% due to price increases. The company acquired The Kinetic Co., Inc. and repurchased shares worth $23.31 each, maintaining a strong cash position of $35.6 million.

Live Ventures (NASDAQ: LIVE) will release its fiscal Q3 2022 financial results on August 11, 2022, before the NASDAQ opens. A conference call to discuss these results is scheduled for the same day at 2:00 p.m. PT. Interested parties can access the call by dialing 800.267.6316 for U.S. or +1.203.518.9783 for international callers. Live Ventures focuses on acquiring middle-market companies across diverse sectors, aiming to enhance shareholder value through a disciplined buy-build-hold strategy.

Live Ventures has acquired The Kinetic Co., a 74-year-old manufacturer of industrial knives, for approximately $26 million. The acquisition will bolster Live Ventures' steel manufacturing segment, expected to increase annual revenues by around $20 million. Kinetic will continue to operate independently, retaining its brand identity and operational structure. The transaction was financed through a mix of bank and seller debt, a sale-leaseback of real estate, and cash. Live Ventures aims to leverage Kinetic's established reputation and expertise to further enhance shareholder value.

Live Ventures Incorporated (Nasdaq: LIVE) reported its fiscal second quarter results for 2022, revealing a 1.7% decline in revenue to $69.7 million. Despite this, net income rose 75.8% to $15.4 million, resulting in a diluted EPS of $4.84, up 82.0%. The company gained $11.4 million from the bankruptcy settlement of ApplianceSmart. However, Adjusted EBITDA decreased by 23.0% to $10.3 million. Cash availability stood at $38.0 million, with total assets increasing by 6.4% to $225.3 million.

Live Ventures Incorporated (NASDAQ: LIVE) will release its financial results for the fiscal second quarter ending March 31, 2022, on May 11, 2022, before NASDAQ opens. The company operates as a diversified holding firm focused on acquiring middle-market companies across various sectors. Under CEO Jon Isaac's leadership since 2011, Live Ventures has shifted its strategy toward sustainable growth by partnering with management teams to enhance stockholder value.

Live Ventures Incorporated (Nasdaq: LIVE) announced the repurchase of 65,668 shares of its common stock at an average price of $31.72 during Q2 fiscal 2022, ending March 31, 2022. This aligns with the company's strategic focus on maximizing stockholder value through business acquisitions and internal initiatives. Since launching a $10 million stock repurchase plan in February 2018, Live Ventures has repurchased 484,138 shares for approximately $5.4 million, at an average price of $11.06, with $4.6 million remaining for future buybacks.