Live Ventures Clocks FY23 Revenue Growth, CFO Highlights Acquisitions as Key Driver
Live Ventures Clocks FY23 Revenue Growth, CFO Highlights Acquisitions as Key Driver
Live Ventures Inc (NASDAQ: LIVE) reported FY23 sales growth of 23.8% year-on-year to $355.17 million, beating the consensus of $353.6 million.
Live Ventures Inc（纳斯达克股票代码：LIVE）报告称，23财年的销售额同比增长23.8％，达到3.5517亿美元，超过了市场预期的3.536亿美元。
Retail Entertainment segment revenues of $78.12 million decreased by 9.3% Y/Y due to reduced demand. Retail Flooring segment revenues were $75.87 million.
由于需求减少，零售娱乐板块收入为7,812万美元，同比下降9.3％。零售地板板块收入为7,587万美元。
Flooring Manufacturing Segment revenues of $109.77 million decreased by 16.1% Y/Y primarily due to reduced customer demand.
地板制造板块收入为1.0977亿美元，同比下降16.1％，这主要是由于客户需求减少。
Steel Manufacturing Segment revenues of $88.91 million increased by 46.7% Y/Y primarily due to the acquisition of Kinetic.
钢铁制造板块收入为8,891万美元，同比增长46.7％，这主要是由于收购了Kinetic。
EPS loss of $(0.03) missed the consensus of $2.85.
每股收益亏损0.03美元，未达到2.85美元的共识。
Gross profit improved 18.1% Y/Y to $115.57 million, while the operating income for the quarter fell 40.4% to $15.45 million.
毛利同比增长18.1％，至1.1557亿美元，而该季度的营业收入下降40.4％，至1,545万美元。
The company attributed the decrease in operating income to lower gross profit margins due to inflationary cost increases and lower operating margins primarily due to higher general and administrative expenses related to Flooring Liquidators, Kinetic, and PMW acquisitions.
该公司将营业收入的下降归因于通货膨胀成本增加导致的毛利率降低，以及营业利润率降低，这主要是由于与地板清算人、Kinetic和PMW收购有关的一般和管理费用增加。
Adjusted EBITDA for the quarter increased 8.3% to $9.6 million, primarily due to the acquisitions of Flooring Liquidators and Kinetic.
本季度调整后的息税折旧摊销前利润增长了8.3％，至960万美元，这主要是由于收购了Floor Liquidators和Kinetic。
As of September 30, 2023, the company had a total cash availability of $37.1 million.
截至2023年9月30日，该公司的总可用现金为3,710万美元。
"During fiscal year 2023, revenues increased 23.8%, largely driven by the strategic acquisitions of Flooring Liquidators and PMW acquired during fiscal year 2023 and The Kinetic Co., Inc. ("Kinetic") acquired in late fiscal year 2022, together contributed in excess of $115 million in revenue and approximately $8.5 million in Adjusted EBITDA," commented David Verret, CFO of Live Ventures.
Live Ventures首席财务官戴维·韦雷特评论说：“在2023财年，收入增长了23.8％，这主要是由2023财年收购的地板清算人和PMW的战略收购以及2022财年末收购的Kinetic公司（“Kinetic”）共同贡献了超过1.15亿美元的收入和约850万美元的调整后息税折旧摊销前利润。”
The FY24 revenue consensus is $421 million. The stock has lost 21% year-to-date.
24财年的收入共识为4.21亿美元。该股今年迄今已下跌21％。
Price Action: LIVE shares are trading higher by 1.50% at $25.70 on the last check Wednesday.
价格走势：在周三的最后一次支票中，实盘股价上涨1.50％，至25.70美元。