earnings
confidence high
sentiment neutral
materiality 0.65
Live Ventures Q2 FY2022: Net income $15.4M ($4.84 EPS) includes $11.4M gain; Rev down 1.7%
LIVE VENTURES Inc
2022-Q2 EPS reported
$6.87
revenue$144,864,000
- Revenue $69.7M, -1.7% YoY; net income $15.4M, +75.8% (incl. $11.4M gain on ApplianceSmart bankruptcy settlement).
- Adjusted EBITDA $10.3M, -23% YoY; operating income $8.4M, -24.1% on inflation and higher costs.
- Retail segment revenue $20.7M (-13.6%) due to lack of prior-year stimulus; operating income down 38.2%.
- Steel manufacturing revenue $14.0M (+1.7%); operating income $2.7M (+56.1%) on pricing and efficiencies.
- Repurchased 65,668 shares at avg $31.72; Series B preferred converted, simplifying capital structure.