The following is a summary of the Live Ventures Incorporated (LIVE) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Live Ventures reported a substantial Q2 revenue increase of 30.2% ($118.6 million), significantly impacted by new acquisitions (PMW, Flooring Liquidators) adding $29.6 million in revenue.

• Gross profit for the quarter was up at $35.5 million, though the gross margin percentage declined to 29.9% due to new acquisitions and shrinking margins in the Steel Manufacturing segment.

• Q2 experienced a net loss of approximately $3.3 million, with a loss per share of $1.04, inversely affected by operating losses and increased interest expenses.

Business Progress:

• Significant progress was highlighted by the acquisitions of PMW and Flooring Liquidators, delivering a substantial contribution to revenue growth.

• The company accomplished share repurchases during the quarter, acquiring 11,849 shares of common stock.

• Long-term strategy remains steadfast with a buy-build-hold focus, despite prevailing market challenges, reinforcing the commitment to sustainable growth and value creation.

More details: Live Ventures IR

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