Q3 2026 Live Ventures Inc Earnings Call Transcript
Key Points
- Retail entertainment segment revenue grew 12.7% with operating income and adjusted EBITDA up 33.8% and 28.9%, respectively.
- Steel manufacturing segment revenue increased 7.3%, with operating income and adjusted EBITDA up 68.9% and 16.3%, respectively.
- Three of four operating segments delivered year-over-year revenue growth, demonstrating portfolio diversification.
- Gross margin improved by 10 basis points to 34.1%, reflecting better margins in retail flooring and steel manufacturing.
- Total cash availability remained solid at $39.8 million, with $9.5 million remaining under the share repurchase program.
- Total revenue decreased 3.2% to $108.9 million, driven by a $9 million decline in the retail flooring segment.
- Retail flooring segment revenue dropped 29.4% due to continued weakness in new home construction and home refurbishment markets.
- Operating income fell 34% to $5.3 million, impacted by lower gross profit and higher operating expenses.
- Net loss was $1.1 million, or $0.34 per share, compared to net income of $5.4 million in the prior year period.
- Adjusted EBITDA decreased 29.5% to $9.3 million, primarily due to lower revenue.
Welcome to the Live Ventures fiscal year 2026 third quarter earnings conference call.
(Operator Instructions)
At this time all participants are in a listen-only mode. Later we will conduct the question-and-answer session.
I would now like to turn the call over to Greg Powell, Director of Investor Relations. Please go-ahead sir.
Thank you, Jen. Good afternoon and welcome to the Live Ventures third quarter fiscal year 2026 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 view of our businesses as we see them today. The actual results could differ materially due to the number of factors, including those outlined in our latest filings, Forms 10-K and 10-Q as filed with the Securities and Exchange Commission.
We have no obligation to publicly update any forward-looking
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