Live Ventures rporated(US:LIVE)2025-08-07 22:00Financial Data and Key Metrics Changes - Total revenue for Q3 2025 decreased by $11.2 million or 9.2% to approximately $112.5 million, primarily due to declines in the retail flooring and steel manufacturing segments [5][10] - Net income for the quarter was approximately $5.4 million, with diluted EPS of $1.24, compared to a net loss of approximately $2.9 million and a loss per share of 91¢ in the prior year period [10] - Adjusted EBITDA for the quarter increased by approximately $7.1 million to approximately $13.2 million, reflecting improved operating performance [10] Business Segment Data and Key Metrics Changes - Retail flooring segment revenue decreased by $6.6 million or 17.9% to approximately $30.4 million, attributed to store dispositions and reduced consumer demand [6] - Flooring manufacturing segment revenue decreased by $1.8 million or 5.7% to approximately $31.3 million, primarily due to ongoing weakness in the housing market [6] - Steel manufacturing segment revenue decreased by $5.4 million or 13.8% to approximately $33.6 million, driven by lower sales volumes, partially offset by revenue from the acquired Central Steel [7] Market Data and Key Metrics Changes - The retail flooring and flooring manufacturing segments faced headwinds due to continued softness in the new home construction and home refurbishment markets [4] - Consumer demand for new products in the retail entertainment segment increased revenue by $2.5 million or 15.2% to approximately $19 million [5] Company Strategy and Development Direction - The company is focused on operational cost-saving initiatives and improving efficiency across all segments, with a new executive leadership team in the retail flooring segment [4][5] - The company aims to enhance profitability and generate strong cash flow even in challenging market environments, emphasizing disciplined cost management [12] Management's Comments on Operating Environment and Future Outlook - Management noted that the housing market's weakness, driven by high interest rates, has impacted consumer spending and renovations, affecting revenue [33] - There is cautious optimism regarding potential interest rate decreases, which could positively influence the housing market and related segments [34] Other Important Information - The company ended the quarter with total cash availability of approximately $37.1 million and working capital of approximately $65.9 million [11] - The company repurchased 12,695 shares of common stock at an average price of $8.83 per share during the quarter [12] Q&A Session Summary Question: What is the company's strategy regarding acquisitions and management involvement? - Management stated that the strategy remains to keep existing management teams in place unless performance gaps necessitate intervention [15] Question: Are there plans to expand acquisition targets beyond current business areas? - Management indicated they are open to exploring both core area expansions and new opportunities, evaluating each on its merits [18][21] Question: Will the company consider dividends in the future? - Currently, the focus is on paying down debt and driving shareholder value, with dividends not being a primary consideration at this time [43]