earnings
confidence high
sentiment negative
materiality 0.70
Live Ventures Q2 net loss $2.4M on $102.9M revenue; $4M goodwill impairment hits steel
LIVE VENTURES Inc
- Revenue $102.9M, down 3.8% YoY; net loss $2.4M ($0.80 diluted loss per share) vs net income $15.9M ($5.05 EPS) prior year.
- Operating loss $2.0M includes non-cash goodwill impairment of $4.0M in Steel Manufacturing segment; adjusted EBITDA $5.9M (down 8.8% YoY).
- Retail-Entertainment revenue up 14.8% to $21.2M; operating income up 32.8% to $3.3M. Flooring Manufacturing operating income up 24% to $2.0M.
- Retail-Flooring revenue down 26.2% to $20.2M due to home construction headwinds; operating loss widened to $4.6M (vs loss $2.7M prior year).
- Cash and credit availability $39.8M as of March 31, 2026; $1.4M gain on Employee Retention Credits in Retail-Flooring partially offset loss.