Live Ventures Q1 operating income jumps on higher margins, cost control initiatives

Reuters
Feb 12
<a href="https://laohu8.com/S/LIVE">Live Ventures</a> Q1 operating income jumps on higher margins, cost control initiatives

Overview

  • Diversified holding company's fiscal Q1 revenue fell 2.7% yr/yr

  • Operating income rose 352.9% to $3.5 mln, driven by cost-reduction initiatives

  • Company completed $47 mln refinancing for Steel Manufacturing segment

Outlook

  • Company plans to integrate AI to modernize operations and improve efficiency

  • Live Ventures strengthens balance sheet with $47 mln refinancing in Steel Manufacturing

  • Company focuses on cost-reduction initiatives to support long-term strategy

Result Drivers

  • OPERATING INCOME INCREASE - Driven by higher gross margins and cost-reduction initiatives across segments

  • RETAIL-ENTERTAINMENT GROWTH - Strong consumer demand led to revenue increase in Retail-Entertainment segment

  • RETAIL-FLOORING DECLINE - Revenue decreased due to store location changes and weak housing market

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$108.54 mln

Q1 EPS

-$0.02

Q1 Net Income

-$64,000

Q1 Adjusted EBITDA

$7.79 mln

Q1 Operating Income

$3.45 mln

Press Release: ID:nGNX21MCXh

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(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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