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Liquidity Services Inc - LQDT STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Liquidity Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Liquidity Services's position in the market.

News
Liquidity Services Announces Second Quarter Fiscal Year 2024 Earnings Conference Call
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
earnings
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News
AllSurplus to Conduct Online Auction of Surplus Equipment and Machinery for Leading Arms Manufacturer in U.S.
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
none
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News
AllSurplus to Conduct Online Auction of Unused Surplus Line Pipe for Leading Energy Company
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
Tags
none
News
Liquidity Services ESG Report Highlights Achievements in Sustainability
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.8%
Tags
none
-
News
Liquidity Services Announces First Quarter Fiscal Year 2024 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.27%
Tags
earnings
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News
XCMG E-Commerce Inc Selects Machinio as Key Partner in Post-Market Program
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
News
Liquidity Services Announces First Quarter Fiscal Year 2024 Earnings Conference Call
Rhea-AI Summary
Liquidity Services (LQDT) to Report First Quarter Fiscal Year 2024 Results on February 8, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
Tags
earnings
-
News
Liquidity Services Acquires Sierra Auction, a Leading Auctioneer of Vehicles, Equipment, and Surplus Assets for Government and Commercial Organizations
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
acquisition
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News
Liquidity Services Announces Retirement of Phillip A. Clough from its Board of Directors
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
News
Liquidity Services Announces Fourth Quarter Fiscal Year 2023 Financial Results
Rhea-AI Summary
Liquidity Services (NASDAQ:LQDT) reported strong financial results for the quarter ended September 30, 2023, with Gross Merchandise Volume (GMV) of $315.6 million, up 11%, and Revenue of $80.0 million, up 6%. GAAP Net Income was $6.3 million, and Non-GAAP Adjusted EBITDA was $12.8 million, reflecting a positive performance. The company's GovDeals and RSCG segments showed significant growth, but the CAG segment experienced a decrease in GMV and revenue. The company expects continued growth in fiscal year 2024, with GMV for the first quarter expected to exceed the same quarter last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.91%
Tags
earnings
Stock LQDT logo
Liquidity Services Inc

Nasdaq:LQDT

LQDT Rankings

#2903 Ranked by Market Cap
#1310 Ranked by Stock Gains
N/A Ranked by Dividends

LQDT Stock Data

550.18M
20.47M
28.12%
72.34%
2.74%
Software Publishers
Information
Link
US
Bethesda

About LQDT

liquidation services inc is a warehousing company located in 226 n orange blossom trl, orlando, florida, united states.