Live Ventures Reports Fiscal Year 2025 Financial Results

Core Insights - Live Ventures Incorporated reported a significant turnaround in fiscal year 2025, with a 231.7% increase in operating income, driven by strategic pricing and cost-reduction initiatives despite challenges in the housing market [3][4]. Financial Performance - Revenue for fiscal year 2025 decreased by 5.9% to approximately $444.9 million from $472.8 million in the prior year, primarily due to declines in the Retail-Flooring, Flooring Manufacturing, and Steel Manufacturing segments [6][8]. - Operating income increased to $14.6 million from an operating loss of $13.6 million in the previous year, marking a 207.3% improvement [6][11]. - Net income rose to $22.7 million, a 185.2% increase compared to a net loss of $26.7 million in the prior year, with diluted earnings per share improving to $4.93 from a loss of $8.48 [6][12]. - Adjusted EBITDA increased by 36.3% to $33.4 million from $24.5 million in the prior year, reflecting improved operational performance [6][13]. Segment Performance - Retail-Entertainment segment revenue grew by 9.1% to approximately $77.5 million, driven by strong consumer demand for vintage and collectible media [22]. - Retail-Flooring segment revenue decreased by 10.7% to approximately $122.3 million, attributed to store dispositions and decreased consumer demand due to housing market weakness [23]. - Flooring Manufacturing segment revenue fell by 8.6% to approximately $121.6 million, primarily due to reduced consumer demand [24]. - Steel Manufacturing segment revenue decreased by 5.1% to approximately $132.6 million, with lower sales volumes offset by revenue from the acquisition of Central Steel [25]. Operational Highlights - Gross margin improved to 32.7% from 30.6% in the prior year, driven by efficiencies and the acquisition of higher-margin businesses [9][10]. - The company repurchased 59,704 shares of common stock at an average price of $8.85 per share [9]. - As of September 30, 2025, total assets were $386.4 million, with stockholders' equity at $95.3 million [9][14].