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（納斯達克股票代碼：LIVE）報告稱，23財年的銷售額同比增長23.8％，達到3.5517億美元，超過了市場預期的3.536億美元。
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.
由於需求減少，零售娛樂板塊收入爲7,812萬美元，同比下降9.3％。零售地板板塊收入爲7,587萬美元。
Flooring Manufacturing Segment revenues of $109.77 million decreased by 16.1% Y/Y primarily due to reduced customer demand.
地板製造板塊收入爲1.0977億美元，同比下降16.1％，這主要是由於客戶需求減少。
Steel Manufacturing Segment revenues of $88.91 million increased by 46.7% Y/Y primarily due to the acquisition of Kinetic.
鋼鐵製造板塊收入爲8,891萬美元，同比增長46.7％，這主要是由於收購了Kinetic。
EPS loss of $(0.03) missed the consensus of $2.85.
每股收益虧損0.03美元，未達到2.85美元的共識。
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.
毛利同比增長18.1％，至1.1557億美元，而該季度的營業收入下降40.4％，至1,545萬美元。
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.
該公司將營業收入的下降歸因於通貨膨脹成本增加導致的毛利率降低，以及營業利潤率降低，這主要是由於與地板清算人、Kinetic和PMW收購有關的一般和管理費用增加。
Adjusted EBITDA for the quarter increased 8.3% to $9.6 million, primarily due to the acquisitions of Flooring Liquidators and Kinetic.
本季度調整後的息稅折舊攤銷前利潤增長了8.3％，至960萬美元，這主要是由於收購了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，該公司的總可用現金爲3,710萬美元。
"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首席財務官戴維·韋雷特評論說：“在2023財年，收入增長了23.8％，這主要是由2023財年收購的地板清算人和PMW的戰略收購以及2022財年末收購的Kinetic公司（“Kinetic”）共同貢獻了超過1.15億美元的收入和約850萬美元的調整後息稅折舊攤銷前利潤。”
The FY24 revenue consensus is $421 million. The stock has lost 21% year-to-date.
24財年的收入共識爲4.21億美元。該股今年迄今已下跌21％。
Price Action: LIVE shares are trading higher by 1.50% at $25.70 on the last check Wednesday.
價格走勢：在週三的最後一次支票中，實盤股價上漲1.50％，至25.70美元。