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Transcript: Live Ventures Q1 2026 Earnings Conference Call
benzinga120d ago

Transcript: Live Ventures Q1 2026 Earnings Conference Call

Live Ventures (NASDAQ:LIVE) reported first-quarter financial results on Thursday. The transcript from the company's first-quarter earnings call has been provided below.This content is powered by Benzinga APIs. For comprehensive financial data and transcripts, visit https://www.benzinga.com/apis/.The full earnings call is available at https://ir.liveventures.com/ir-calendarFull TranscriptOPERATORGood day everyone and welcome to the Live Ventures Fiscal Year 2025 Conference Call. At this time all participants are in a listen only mode. Later, we'll conduct a question and answer session. Now I'll turn the call over to Greg Powell, Director of Investor Relations. Please go ahead Greg.Greg PowellThank you, Elvis. Good afternoon and welcome to the Live Ventures fiscal year 2025 conference call. Joining us this afternoon are John Isaac, our Chief Executive Officer and President, and David Barrett, our Chief Financial Officer. Some of the statements we are making today are forward looking and are based on our best views of our businesses as we see them today. The actual results could differ materially due to a number of factors, including those outlined in our latest Forms, 10K and 10Q, as filed with the securities and Exchange Commission. We have no obligation to publicly update any forward looking statements after this call, whether as a result of new information, future events, changes in assumptions or otherwise. You can find a copy of our press release referenced on this call in the Investor Relations section of the LiveVentures website. I direct you to our website, liveventures.com or sec.gov for historical SEC filings. I'll now turn the call over to David to walk us through our financial performance.David BarrettThank you, Greg. Good afternoon everyone. Before discussing our financial results, I'd like to touch on a few key highlights from the year. We are pleased to report that our portfolio companies have spent the past year strengthening operating disciplines and optimizing their cost structures. Fiscal year 2025 marked a significant turnaround for Live Ventures. Divisive actions, including hiring a new executive team at flooring liquidators, implementing strategic pricing initiatives, as well as targeted cost reduction measures drove our progress. Despite a mixed economy, these efforts contributed to a 10.2 million or 231.7% increase in operating income compared to the prior year when excluding the $18.1 million goodwill impairment recorded in fiscal year 2024. Additionally, we reported adjusted EBITDA of 33.4 million, an 8.9 million or 36.3% increase compared to fiscal year 2024. This strong performance came despite continued softness in the new home construction and home refurbishment markets, which continue to weigh on our retail flooring and flooring manufacturing segments. Let's now discuss the financial results for the fiscal year ended September 30, 2025. Total revenue decreased approximately 27.9 million or 5.9%, to approximately 444.9 million for the year ended September 30, 2025 compared to revenue of approximately 472.8 million in the prior year. The decrease is attributable to the retail flooring, flooring manufacturing, and steel manufacturing segments, which decreased by approximately 33.3 million in the aggregate, partially offset by an increase of approximately 6.5 million in the retail entertainment segment. Although revenues declined in fiscal year 2025, we are pleased to report that fourth quarter showed year over year improvement, with the fourth quarter of 2025 generating higher revenues than the fourth quarter of 2024. Retail Entertainment segment revenue for fiscal year 2025 was approximately $77.5 million, an increase of $6.5 million or 9.1% compared to the prior year. The revenue growth was driven by strong consumer demand for vintage and collectible media. Retail flooring segment revenue for fiscal year 2025 was approximately $122.3 million, a decrease of 14.7 million, or 10.7% compared to the prior year. The decrease was primarily attributable to the disposition of certain Johnson floor and home stores in May 2024, as well as decreased consumer demand driven by the ongoing weakness in the housing market. Flooring Manufacturing segment revenue for fiscal year 2025 was approximately 121.6 million, a decrease of 11.5 million or 8.6% compared to the prior year. The decline in revenue was primarily due to reduced consumer demand as a result of the ongoing weakness in the housing market. Steel manufacturing segment revenue for fiscal year 2025 was approximately 132.6 million, a decrease of 7.2 million or 5.1% compared to the prior year. The decline was primarily driven by lower sales volumes at certain business units as ...Full story available on Benzinga.com

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Poland Disinflation: Remarkable Trend Signals Further Monetary Easing Ahead – ING Analysis
bitcoinworld120d ago

Poland Disinflation: Remarkable Trend Signals Further Monetary Easing Ahead – ING Analysis

BitcoinWorldPoland Disinflation: Remarkable Trend Signals Further Monetary Easing Ahead – ING AnalysisWARSAW, Poland – December 2025: Poland’s sustained disinflation trend continues to strengthen the case for additional monetary policy easing, according to comprehensive analysis from ING Bank Śląski. The latest economic data reveals a remarkable transformation in price dynamics, creating significant implications for the National Bank of Poland’s upcoming policy decisions. Poland Disinflation: Analyzing the Current [...]This post Poland Disinflation: Remarkable Trend Signals Further Monetary Easing Ahead – ING Analysis first appeared on BitcoinWorld.

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Will Bitcoin Recover?
barchart120d ago

Will Bitcoin Recover?

Bitcoin, the highly volatile leader of the cryptocurrency asset class, experienced another in a long series of corrections, taking the price over 52% lower from the record high in October 2025 to the low in February 2026.

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HSC Asset Management Wraps Hong Kong Edition Showcasing Insights Driving Institutional Participation In Web3 And Emerging Tech
mpost120d ago

HSC Asset Management Wraps Hong Kong Edition Showcasing Insights Driving Institutional Participation In Web3 And Emerging Tech

HSC Asset Management concluded in Hong Kong with over 50 industry leaders and 2,000+ attendees gathering for high‐impact discussions on institutional finance, digital assets, and emerging tech.The post HSC Asset Management Wraps Hong Kong Edition Showcasing Insights Driving Institutional Participation In Web3 And Emerging Tech appeared first on Metaverse Post.

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Mutuum Finance (MUTM) Advances to New Roadmap Phase as V1 Protocol Goes Live
benzinga120d ago

Mutuum Finance (MUTM) Advances to New Roadmap Phase as V1 Protocol Goes Live

DUBAI, United Arab Emirates, Feb. 13, 2026 (GLOBE NEWSWIRE) -- The decentralized finance (DeFi) sector has seen a new entry with the development of Mutuum Finance (MUTM). As of February 2026, the project has transitioned into a new stage of its technical roadmap following the activation of its V1 protocol on the Sepolia testnet.This move signals a shift from the project's early conceptual design to a phase of public system validation. The protocol is designed to provide a non-custodial environment for lending and borrowing digital assets, using smart contracts to manage transactions and risk without traditional intermediaries.Core Architecture and Dual Lending MarketsThe primary goal of Mutuum Finance is to address capital efficiency in the decentralized credit market through a dual-market architecture. This system is designed to accommodate a variety of user needs by offering two distinct environments: Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending.The P2C model operates through pooled liquidity. In this setup, lenders supply major assets like ETH, USDT, WBTC, and LINK into shared smart contract pools. Borrowers can then access these funds immediately by providing over-collateralized assets. Interest rates in the P2C model are dynamic and adjust automatically based on pool utilization. When demand for borrowing increases, the interest rates rise to encourage more deposits.In contrast, the P2P model is designed for direct agreements between individual participants. This allows lenders and borrowers to negotiate specific terms, such as interest rates, collateral types, and repayment schedules. This model is particularly useful for ...Full story available on Benzinga.com

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benzinga120d ago

Enstar Announces Acquisition of AF Group

HAMILTON, Bermuda, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar"), a leading global insurance and reinsurance group backed by investment vehicles managed by affiliates of Sixth Street, a leading global investment firm, today announced it has entered into a definitive stock purchase agreement to acquire 100% of the shares of Accident Fund Holdings, Inc. ("AF Group") from Blue Cross Blue Shield of Michigan ("Blue Cross").Headquartered in Lansing, Michigan, AF Group has been a premier provider of innovative insurance solutions through its affiliate brands for more than a century. Since its acquisition by Blue Cross in 1994, the organisation has strengthened its position in the US property and casualty market and now delivers commercial and specialty insurance solutions in all 50 states, backed by a longstanding record of disciplined underwriting and profitability, with consolidated gross written premium of $3.3 billion in 2025.The acquisition combines AF Group and Enstar's complementary capabilities in property and casualty insurance, including workers' compensation, leveraging Enstar's balance sheet strength to support AF Group's business while expanding Enstar's suite of global re/insurance solutions to serve a broader client base.Upon completion of the transaction, AF Group will become a wholly owned subsidiary of Enstar and operate largely as a standalone company, supported by Enstar. AF Group is expected to operate under its existing leadership team, continuing its commitment to delivering exceptional service whilst benefitting from the scale, network and ...Full story available on Benzinga.com

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Cuba’s Tourism Engine Sputters as Fuel Shortages Darken Daily Life
latinamericanpost120d ago

Cuba’s Tourism Engine Sputters as Fuel Shortages Darken Daily Life

Cuba is absorbing harsher U.S. pressure as flights are canceled, blackouts hit records, fuel is rationed, and the peso sinks to new lows. The crisis is now visible in airports and kitchens, and policy choices are narrowing fast.The post Cuba’s Tourism Engine Sputters as Fuel Shortages Darken Daily Life appeared first on LatinAmerican Post.

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Federal Realty Investment Trust (NYSE:FRT) Announces Quarterly Dividend of $1.13
themarketsdaily120d ago

Federal Realty Investment Trust (NYSE:FRT) Announces Quarterly Dividend of $1.13

Federal Realty Investment Trust (NYSE:FRT – Get Free Report) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Wednesday, April 1st will be given a dividend of 1.13 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.3%. [...]

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Prologis, Inc. (NYSE:PLD) Announces Quarterly Dividend of $1.07
themarketsdaily120d ago

Prologis, Inc. (NYSE:PLD) Announces Quarterly Dividend of $1.07

Prologis, Inc. (NYSE:PLD – Get Free Report) declared a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, March 17th will be paid a dividend of 1.07 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 3.1%. [...]

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