Live Ventures Incorporated Q3 FY2026 earnings call

• Overall Financial Performance

  • Total Q3 FY2026 revenue was $108.9 million, a 3.2% ($3.6 million) decline from the prior year period.
  • Three out of four operating segments delivered YoY revenue growth.
  • Gross profit decreased $1.2 million (3.1%) YoY; operating income decreased 34% ($2.7 million) to $5.3 million YoY.
  • The company reported a net loss of $1.1 million ($0.34 loss per share), compared to prior year period net income of $5.4 million ($1.24 diluted EPS); the prior year results included one-time gains totaling $2.8 million.
  • Adjusted EBITDA decreased 29.5% ($3.9 million) to $9.3 million YoY.

• Liquidity and Capital Allocation

  • As of June 30, 2026, total cash availability was $39.8 million, consisting of $10.9 million in cash on hand and $28.9 million in available borrowing under existing lines of credit.
  • Total assets were $385.8 million and total stockholders' equity was $91.9 million as of quarter-end.
  • $9.5 million remains available under the company's $10 million share repurchase program.

• Portfolio Resilience

  • Management frames the quarter's results as demonstrating the resilience of the company's diversified operating portfolio.
  • While retail flooring faces ongoing challenges, the retail entertainment and steel manufacturing segments delivered solid revenue growth and improved profitability.

1. Retail Entertainment: Revenue of $21.4 million, up $2.4 million (12.7%) year-over-year (YoY). Operating income increased 33.8% and adjusted EBITDA increased 28.9% YoY. This segment contributes 19.7% of total company revenue. Growth was driven by strong broad-based consumer demand across all product lines.
2. Retail Flooring: Revenue of $21.4 million, down $9 million (29.4%) YoY. This segment contributes 19.7% of total company revenue. The decline was caused by weak demand from headwinds in new home construction and home refurbishment markets, which lowered retail and contractor sales.
3. Flooring Manufacturing: Revenue of $31.8 million, up $800,000 (2.8%) YoY; net revenue after intercompany eliminations increased $1.1 million YoY. This segment contributes 29.2% of total company revenue.
4. Steel Manufacturing: Revenue of $36.3 million, up $2.5 million (7.3%) YoY; net revenue after intercompany eliminations increased $1.8 million YoY. Operating income increased 68.9% and adjusted EBITDA increased 16.3% YoY. This segment contributes 33.3% of total company revenue. Growth was driven by higher sales volumes for fabricated, hardened wear, tool, and dye businesses, partially offset by lower revenue in metal forming, assembly, and finishing solutions.

No formal forward-looking guidance was provided or revised by management during this earnings call.

• Persistent weakness in new home construction and home refurbishment markets continues to create strong headwinds and underperformance for the company's retail flooring segment, weighing on overall consolidated operating results.
• Forward-looking statements made during the call are subject to material risk of differing from actual results, due to a range of factors disclosed in the company's SEC filings (Forms 10-K and 10-Q).

No investor or analyst questions were submitted during the Q&A session. Management delivered a closing remark and concluded the call.