Financial Performance - Total revenue decreased approximately $3 million or 2.7% to approximately $108.5 million for the quarter ended December 31, 2025, compared to revenue of approximately $111.5 million in the prior year period [4] - Operating income increased approximately $2.7 million or 352.9% to $3.5 million for the first quarter, compared with operating income of approximately $800,000 in the prior year period [9] - Adjusted EBITDA for the first quarter was approximately $7.8 million, an increase of approximately $2 million or 35.7% compared to $5.7 million in the prior year period [10] Business Segment Performance - Retail-Flooring segment revenue for the first quarter was approximately $25.3 million, down $6.4 million or 20.2% compared to $31.7 million in the prior year period, primarily due to changes in store footprint and softness in the housing market [5] - Flooring Manufacturing segment revenue for the first quarter was approximately $28.9 million, a decrease of approximately $300,000 or 1.1% compared to approximately $29.2 million in the prior year period [6] - Steel Manufacturing segment revenue for the first quarter was approximately $31.9 million, a decrease of approximately $1.4 million or 4.3% compared to approximately $33.3 million in the prior year period [7] Market Conditions - The decline in revenue was primarily attributable to a $7.1 million decline in the Retail-Flooring and Steel Manufacturing segments, partially offset by a $4.1 million increase in the Retail-Entertainment and Flooring Manufacturing segments [4] - The company experienced sustained softness in new home construction and home refurbishment markets, which continued to weigh on the retail flooring segment [3] Company Strategy and Industry Competition - The company is rolling out a comprehensive strategy to integrate AI across the business units to modernize operations and improve efficiency [11] - The integration of AI alongside robotics and data analytics aims to reinforce cost discipline that supports the long-term strategy [12] Management Commentary on Operating Environment and Future Outlook - Management noted that despite a challenging housing market backdrop, the company delivered a solid first quarter marked by meaningful operating improvements across the businesses [11] - The company successfully refinanced one of its credit facilities in the steel manufacturing segment, strengthening its balance sheet and enhancing its ability to support future growth [3] Other Important Information - Gross profit was approximately $35.4 million for the first quarter, essentially unchanged compared to the prior year period, but gross margin increased by 90 basis points to 32.6% [8] - General and administrative expense decreased approximately $2.2 million or 7.4% to approximately $27.8 million, driven primarily by targeted cost reduction initiatives [9] - Total cash availability at the end of the first quarter was $38.7 million, consisting of cash on hand of $15.1 million and availability under various lines of credit of $23.6 million [11] Q&A Session Summary Question: Are there any questions from the participants? - There were no questions from the participants during the Q&A session [13]

Financial Data and Key Metrics Changes - Total revenue decreased by approximately $3 million or 2.7% to approximately $108.5 million for the quarter ended December 31, 2025, compared to $111.5 million in the prior year period [4] - Operating income increased by approximately $2.7 million or 352.9% to $3.5 million for the first quarter, compared to approximately $800,000 in the prior year period [9] - Adjusted EBITDA for the first quarter was approximately $7.8 million, an increase of approximately $2 million or 35.7% compared to $5.7 million in the prior year period [10] Business Line Data and Key Metrics Changes - Retail-Flooring segment revenue for the first quarter was approximately $25.3 million, down $6.4 million or 20.2% compared to $31.7 million in the prior year period, primarily due to changes in store footprint and softness in the housing market [5] - Flooring Manufacturing segment revenue for the first quarter was approximately $28.9 million, a decrease of approximately $300,000 or 1.1% compared to approximately $29.2 million in the prior year period [6] - Steel Manufacturing segment revenue for the first quarter was approximately $31.9 million, a decrease of approximately $1.4 million or 4.3% compared to approximately $33.3 million in the prior year period [7] Market Data and Key Metrics Changes - The decline in revenue was primarily attributable to a $7.1 million decline in the Retail-Flooring and Steel Manufacturing segments, partially offset by a $4.1 million increase in the Retail-Entertainment and Flooring Manufacturing segments [4] - Retail-Entertainment segment revenue for the first quarter was approximately $23.6 million, an increase of approximately $2.3 million or 11% compared to $21.3 million in the prior year period [4] Company Strategy and Development Direction - The company is rolling out a comprehensive strategy to integrate AI across business units to modernize operations and improve efficiency [11] - By applying AI alongside robotics and data analytics, the company aims to reinforce cost discipline that supports its long-term strategy [12] Management's Comments on Operating Environment and Future Outlook - Management noted that the portfolio companies continued to strengthen their operating disciplines and optimize cost structures despite sustained softness in new home construction and home refurbishment markets [3] - The company delivered a solid first quarter marked by meaningful operating improvements across the businesses, despite a challenging housing market backdrop [11] Other Important Information - Gross profit was approximately $35.4 million for the first quarter, essentially unchanged compared to the prior year period, but gross margin increased by 90 basis points to 32.6% [8] - General and administrative expense decreased approximately $2.2 million or 7.4% to approximately $27.8 million, driven by targeted cost reduction initiatives [9] Q&A Session Summary Question: Are there any questions from the participants? - There were no questions from the participants during the Q&A session [13]

Financial Data and Key Metrics Changes - Total revenue decreased by approximately $3 million, or 2.7%, to approximately $108.5 million for Q1 2026 compared to $111.5 million in the prior year period [4] - Operating income increased by approximately $2.7 million, or 352.9%, to $3.5 million for Q1 2026 compared to approximately $800,000 in the prior year period [9] - Adjusted EBITDA for Q1 2026 was approximately $7.8 million, an increase of approximately $2 million, or 35.7%, compared to $5.7 million in the prior year period [10] - Net loss for Q1 2026 was approximately $100,000, with a loss per share of $0.02, compared to net income of approximately $500,000 and diluted EPS of $0.16 in the prior year period [10] - Gross profit was approximately $35.4 million for Q1 2026, essentially unchanged compared to the prior year period, but gross margin increased by 90 basis points to 32.6% [8] Business Line Data and Key Metrics Changes - Retail-Flooring segment revenue for Q1 2026 was approximately $25.3 million, down $6.4 million, or 20.2%, compared to $31.7 million in the prior year period [5] - Flooring Manufacturing segment revenue for Q1 2026 was approximately $28.9 million, a decrease of approximately $300,000, or 1.1%, compared to approximately $29.2 million in the prior year period [6] - Steel Manufacturing segment revenue for Q1 2026 was approximately $31.9 million, a decrease of approximately $1.4 million, or 4.3%, compared to approximately $33.3 million in the prior year period [6] Market Data and Key Metrics Changes - The decline in revenue was primarily attributed to a $7.1 million decline in the Retail-Flooring and Steel Manufacturing segments, partially offset by a $4.1 million increase in the Retail-Entertainment and Flooring Manufacturing segments [4] - Retail-Entertainment segment revenue for Q1 2026 was approximately $23.6 million, an increase of approximately $2.3 million, or 11%, compared to $21.3 million in the prior year period [4] Company Strategy and Development Direction - The company is rolling out a comprehensive strategy to integrate AI across business units to modernize operations and improve efficiency [11] - The integration of AI alongside robotics and data analytics aims to reinforce cost discipline that supports the long-term strategy [12] Management's Comments on Operating Environment and Future Outlook - Management noted that the portfolio companies continued to strengthen their operating disciplines and optimize cost structures despite sustained softness in new home construction and home refurbishment markets [3] - The company expressed encouragement regarding the expansion opportunities from new store openings, despite the challenges in the housing market [5] Other Important Information - The company successfully refinanced one of its credit facilities in the steel manufacturing segment, strengthening its balance sheet [3] - Total cash availability at the end of Q1 2026 was $38.7 million, consisting of cash on hand of $15.1 million and availability under various lines of credit of $23.6 million [11] Q&A Session Summary Question: No questions were asked during the Q&A session - There were no questions from participants during the conference call [13]

Commission File Number 001-33937 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Live Ventures Incorporated 8548 Rozita Lee Ave., ...

Live Ventures Reports Fiscal First Quarter 2026 Financial Results LAS VEGAS, February 12, 2026 -- Live Ventures Incorporated (Nasdaq: LIVE) ("Live Ventures" or the "Company"), a diversified holding company, today announced financial results for its fiscal first quarter ended December 31, 2025. Fiscal First Quarter 2026 Key Highlights: "We are pleased with the continued operational progress during the quarter, which contributed to a $2.7 million, or 352.9%, increase in operating income compared with the prio ...

LAS VEGAS, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal first quarter ended December 31, 2025.  Fiscal First Quarter 2026 Key Highlights: Revenue was $108.5 million, compared to $111.5 million in the prior-year periodGross margin increased to 32.6%, compared to 31.7% in the prior-year periodOperating income increased $2.7 million, or 352.9%, to $3.5 million, comp ...

Core Viewpoint - Live Ventures Incorporated will release its financial results for the fiscal first quarter ended December 31, 2025, on February 12, 2026, before market opening [1]. Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for February 12, 2026, at 2:00 p.m. Pacific Standard Time [1]. - Dial-in numbers for the conference call are provided, and participants are advised to connect at least 15 minutes in advance [2]. Group 2: Company Overview - Live Ventures is a diversified holding company focused on value-oriented acquisitions of domestic middle-market companies [3]. - The acquisition strategy is sector agnostic, targeting well-run, closely held businesses with a proven track record of earnings growth and cash flow generation [3]. - The company aims to partner with management teams of acquired businesses to enhance stockholder value through a disciplined buy-build-hold strategy [3]. - Founded in 1968, the company was refocused into a diversified holding company in 2011 under the leadership of CEO Jon Isaac [3]. - The current portfolio includes subsidiaries in various industries such as textile, flooring, tools, steel, and entertainment [3].

Core Insights - Central Steel Fabricators is positioning itself as a key infrastructure provider in the growing artificial intelligence (AI), automation, and data-center sectors [1] Company Overview - Central Steel Fabricators has a manufacturing history that includes significant technological transitions, providing essential infrastructure for digital telecommunications, the internet, and mobile telecom networks [2] - The company specializes in precision-fabricated steel systems for data centers, including cable management systems, structural frames, and custom components [3] Automation and Production Capacity - The implementation of robotic welding has significantly increased daily production capacity, enabling the company to quickly respond to large-scale AI infrastructure projects and fiber deployments [4] - Central Steel Fabricators is expected to benefit from long-term growth trends due to its automation, capacity expansion, and involvement in AI-driven infrastructure investments [4] Market Position and Future Potential - The CEO of Central Steel Fabricators emphasized the limitless opportunities for companies addressing the unmet needs of data center contractors, particularly in the AI-driven market [5] - The company serves a wide range of Engineer, Furnish, and Install contractors across the U.S., supplying major communications providers and benefiting from the demand for AI-driven data center build-outs [5] Parent Company Overview - Live Ventures Incorporated is a diversified holding company focused on acquiring and operating middle-market companies with strong cash flows, incorporating advanced technologies like AI and robotics to enhance operational efficiency [6]

Core Insights - Live Ventures Incorporated is advancing automation at its subsidiary Flooring Liquidators, Inc. with an AI-powered logistics and autonomous material-handling strategy aimed at enhancing warehouse efficiency and modernizing distribution [1][4] Group 1: Automation and Technology - The initiative focuses on the Fairfield, California distribution hub, which is being designed for autonomous operations using self-guided vehicles for pallet movement, minimizing human intervention [2] - Autonomous vehicles are reported to operate at approximately ten times the throughput of traditional methods, enhancing efficiency and reducing errors [3] - The facility employs advanced technologies such as LiDAR-based navigation and collision-avoidance systems, specifically optimized for high-volume flooring products [3] Group 2: Strategic Objectives - The strategic goal is to facilitate smooth inventory flow, allowing professional staff to concentrate on customer engagement and relationship building [4] - AI-driven capabilities are expected to enable Flooring Liquidators to scale more rapidly than regional competitors without proportional increases in labor costs or facility size [4] - Live Ventures emphasizes the integration of AI and robotics across its portfolio, positioning itself for competitive advantages in the AI era [4][6] Group 3: Company Background - Flooring Liquidators, established in 1997, is a prominent retailer and installer of flooring, carpeting, and countertops in California, Nevada, and the Midwest [5] - Live Ventures Incorporated is a diversified holding company focused on acquiring and operating middle-market companies with strong cash flows and market positions, leveraging advanced technologies to enhance operational efficiency [6]

Core Insights - Flooring Liquidators, a subsidiary of Live Ventures, has integrated artificial intelligence into its operations to enhance inventory management, delivery efficiency, and in-store availability [1][2][3] Group 1: AI Integration and Operational Efficiency - The company has embedded AI directly into daily operations rather than using it solely as a back-office tool, allowing for real-time demand forecasting based on sales and inventory data [2][3] - AI-driven demand forecasting enables Flooring Liquidators to position products closer to customers before demand peaks, optimizing inventory placement [2][3] - The implementation of AI has led to improved planning and sequencing, resulting in damage rate reductions of over 80% and increased overall throughput [4] Group 2: Performance Management System - Flooring Liquidators is deploying an AI-driven performance management system named "No Excuses AI," which monitors performance across all branches and identifies anomalies [4][5] - The first phase of the system analyzes thousands of transactions weekly, generating prioritized alerts based on severity [5] - The second phase focuses on defining problems clearly and steering managers towards specific solutions, while the third phase aims to auto-detect patterns and suggest improvements before sales decline [6] Group 3: Broader Transformation and Future Outlook - The advancements at Flooring Liquidators reflect a broader transformation within the Live Ventures portfolio, where AI is applied to create immediate advantages across various companies [7] - Live Ventures aims to transform conventional operations into more efficient enterprises by incorporating AI, robotics, and data analytics [9]