Live Ventures Q3 revenue falls 3%, posts net loss
Live Ventures Q3 revenue falls 3%, posts net loss
Overview
US diversified holding company reported fiscal Q3 revenue down 3% yr/yr
Company posted net loss for fiscal Q3, compared to net income last yr, which included a one-time gain
Fiscal Q3 adjusted EBITDA declined 30% yr/yr, driven by lower revenue
Outlook
Company did not provide specific financial guidance for the current quarter or full year
Result Drivers
RETAIL-FLOORING WEAKNESS - Co said continued softness in new-home construction and home-refurbishment markets led to lower retail and contractor sales in Retail-Flooring segment
RETAIL-ENTERTAINMENT GROWTH - Co said strong consumer demand across all product lines drove revenue growth in Retail-Entertainment segment
STEEL MANUFACTURING SALES VOLUME - Co said higher sales volumes in fabricated, hardened wear, and tool and die businesses boosted Steel Manufacturing segment revenue
Company press release: ID:nGNX9jX1y3
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $108.91 mln |
|
Q3 Loss Per Share |
| $0.34 |
|
Q3 Net Loss |
| $1.06 mln |
|
Q3 Adjusted EBITDA |
| $9.30 mln |
|
Q3 Operating Income |
| $5.28 mln |
|
Reuters Recommended Reads
Aug 10 - Compass Diversified Q2 adjusted EBITDA misses estimates despite consumer strength
Aug 13 - Germany's Thyssenkrupp Q3 sales rise on strong performance across segments
Aug 11 - Ampco-Pittsburgh returns to profit in Q2 on improved customer orders
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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