Live Ventures Incorporated (LIVE) Earnings Call Transcripts

Live Ventures Incorporated's Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal year 2026, Live Ventures Incorporated reported a revenue decrease of 3.8% year-over-year, totaling $102.9 million, which fell short of expectations. The company experienced a significant net loss of $2.4 million, translating to a diluted loss per share of $0.80, compared to a net income of $15.9 million in the prior year. Management highlighted strong operating income growth in the Retail Entertainment and Flooring Manufacturing segments, but these were overshadowed by a $4 million noncash goodwill impairment charge in the Steel Manufacturing segment, indicating potential challenges ahead.

Reported metrics

Guidance from management

Management did not provide specific forward guidance but expressed a commitment to improving operations and driving efficiencies in the Retail Flooring segment for the second half of the fiscal year.

What management said

That is correct. It is all just a paper loss. So it has no impact on EBITDA. There is no cash aspect related to it. It is just a charge that kind of wipes out the goodwill. In the old days, you used to amortize goodwill down over 15 years for book purposes, but GAAP had changed that where you do not amortize it. So the only way it ever comes off the book is if, I guess, you run to an impairment.

Yes. I think our strategy has remained the same. I think if there are good opportunities that are coming up, we're absolutely interested in looking at those. And while there isn't anything out there, we are taking advantage of that time and paying down our debt. I believe our debt was paid down about $8 million from March of last year to the current year, so.

What analysts pressed on

Analysts expressed concerns regarding the goodwill impairment and its implications for future performance. There were questions about the company's strategy for addressing market challenges and the potential for future acquisitions amidst ongoing uncertainty in the market.

Main topics on the call

• Revenue Decline — Live Ventures reported a revenue decline of approximately $4.1 million or 3.8%, down to $102.9 million from $107 million in the prior year. This decline was primarily driven by a $7.2 million drop in the Retail Flooring ...
• Goodwill Impairment Charge — The company recorded a noncash goodwill impairment charge of approximately $4 million in its Steel Manufacturing segment. CFO David Verret explained that this was due to 'continued uncertainty in the market' affecting pr...
• Operating Income Growth — Despite the overall revenue decline, the Retail Entertainment and Flooring Manufacturing segments saw operating income growth of 32.8% and 24%, respectively. Management noted that 'we are pleased with the operating impro...
• Cost Reduction Initiatives — General and administrative expenses decreased by 2.3% to approximately $27.7 million, driven by targeted cost reduction initiatives. Management emphasized that these efforts are aimed at improving operations across the b...

Read the full Live Ventures Incorporated transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 17 Live Ventures Incorporated earnings call transcripts on record, spanning August 16, 2021 to May 14, 2026. Based on this history, Live Ventures Incorporated reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LIVE

Exchange

NasdaqCM

Country

US

Sector

Consumer Discretionary

Industry

Household Durables

Calls on record

17

First call

August 16, 2021

Most recent

May 14, 2026

Reporting cadence

quarterly