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    LIVE
    Earnings call· Jun 2026(Q3 FY26)

    LIVE VENTURES Q3 FY26 earnings call LIVE

    Aug 13, 2026 Source

    Executive summary

    Live Ventures Q3 FY26 — Diversified Portfolio Resilience Amidst Flooring Headwinds

    Live Ventures reported a mixed Q3 FY26, with strong performance in its Retail-Entertainment and Steel Manufacturing segments largely offset by significant headwinds in the Retail-Flooring business. The company's diversified portfolio demonstrated resilience, but overall revenue and profitability declined year-over-year. Management remains focused on improving performance across all segments and driving long-term value creation.

    Highlights

    4

    • Retail-Entertainment segment revenue grew 12.7% to $21.4 million, with operating income up 33.8% and adjusted EBITDA up 28.9%.

    • Steel Manufacturing segment revenue increased 7.3% to $36.3 million, with operating income up 68.9% and adjusted EBITDA up 16.3%.

    • Flooring Manufacturing segment revenue increased 2.8% to $31.8 million.

    • Gross margin improved by 10 basis points to 34.1% due to better margins in Retail-Flooring and Steel Manufacturing.

    Concerns

    5

    • Total revenue decreased 3.2% to $108.9 million, primarily due to a $9 million decline in the Retail-Flooring segment.

    • Retail-Flooring segment revenue decreased 29.4% to $21.4 million due to continued weakness in new home construction and home refurbishment markets.

    • Operating income decreased 34% to $5.3 million.

    • Net loss was $1.1 million, or $0.34 per share, compared to net income of $5.4 million in the prior year period.

    • Adjusted EBITDA decreased 29.5% to $9.3 million.

    Segment performance

    4
    SegmentRevenueYoYQoQMargin
    Retail-Entertainment
    Revenue growth driven by strong consumer demand across all product lines.
    		$21.4M12.7%—Operating income up 33.8%, Adjusted EBITDA up 28.9%
    Steel Manufacturing
    Increase primarily driven by higher sales volumes in fabricated, hardened wear, tool and die businesses, partially offset by lower revenue in metal forming, assembly and finishing solutions.
    		$36.3M7.3%—Operating income up 68.9%, Adjusted EBITDA up 16.3%
    Retail-Flooring
    Decline primarily driven by lower retail and contractor sales due to continued headwinds in the home and new home construction and home refurbishment markets.
    		$21.4M-29.4%——
    Flooring Manufacturing
    Revenue net of intercompany eliminations increased approximately $1.1 million compared to the prior year period.
    		$31.8M2.8%——

    Operational metrics

    10
    Adjusted EBITDA
    $9.3M-29.5%
    Q3 FY26

    Decrease primarily due to the decrease in revenue.

    Gross margin
    34.1%up 10 bps
    Q3 FY26

    Gross profit decreased approximately $1.2 million or 3.1% to $37.1 million compared to $38.3 million in the prior year period, driven primarily by lower revenue in the Retail-Flooring segment.

    General and administrative expenses
    $27.6M5%
    Q3 FY26

    Partially offset by lower general and administrative expenses in the Retail-Flooring and Steel Manufacturing segments.

    Sales and marketing expenses
    $4.2M5.4%
    Q3 FY26
    Cash availability
    $39.8M
    Q3 FY26

    As of June 30, 2026.

    Total assets
    $385.8M
    Q3 FY26

    As of June 30, 2026.

    Total stockholders' equity
    $91.9M
    Q3 FY26

    As of June 30, 2026.

    Share repurchase program remaining authorization
    $9.5M
    Q3 FY26

    As part of capital allocation strategy.

    Net loss
    $1.1Mcompared to net income of $5.4M in prior year
    Q3 FY26

    Prior year period results benefited from a $1.5 million gain on employee retention credits and a $1.3 million gain on the settlement of a holdback liability related to Precision Marshall.

    Diluted EPS
    $0.34compared to $1.24 in prior year
    Q3 FY26

    Reflects net loss of $1.1 million.

    Industry KPIs

    1
    MetricValueDetails
    Segment revenue operating income mix—

    Risks & headwinds

    1
    Weakness in new home construction and home refurbishment marketsQ3 FY26

    Retail-Flooring segment revenue decreased $9 million or 29.4%

    Mitigation: Remaining focused on initiatives to improve performance across operating segments

    What to watch in Q4 FY26

    3

    Retail-Flooring segment performance

    next quarter
    CurrentRevenue down 29.4% YoY
    TargetSigns of improvement or stabilization in revenue and operating performance

    Why it matters

    The Retail-Flooring segment is a significant drag on overall company performance due to macro headwinds🌐; its recovery is key to consolidated growth.

    The Retail-Flooring segment where softness in the new home construction and home refurbishment markets weighed on operating performance.

    1 min read5 chapters

    Detailed Narrative

    01

    Segment Performance Overview

    Live Ventures' diversified portfolio saw varied performance in Q3 FY26. The Retail-Entertainment and Steel Manufacturing segments demonstrated robust growth in both revenue and profitability, while the Retail-Flooring segment faced significant challenges. The Flooring Manufacturing segment also contributed positively to revenue growth, albeit at a slower pace.

    02

    Retail-Entertainment Segment Strength

    The Retail-Entertainment segment was a key driver of positive results, with revenue increasing 12.7% to $21.4 million. This growth was attributed to strong consumer demand across all product lines. The segment also saw substantial improvements in profitability, with operating income rising 33.8% and adjusted EBITDA increasing 28.9%.

    03

    Steel Manufacturing Segment Growth

    The Steel Manufacturing segment also delivered solid performance, with revenue growing 7.3% to $36.3 million. This increase was primarily driven by higher sales volumes in the fabricated, hardened wear, tool and die businesses. The segment's operating income surged by 68.9%, and adjusted EBITDA improved by 16.3%, showcasing strong operational leverage.

    04

    Retail-Flooring Segment Headwinds

    The Retail-Flooring segment experienced significant weakness, with revenue decreasing 29.4% or $9 million to $21.4 million. This decline was primarily due to lower retail and contractor sales, impacted by continued softness in the new home construction and home refurbishment markets. These market conditions weighed heavily on the segment's operating performance.

    05

    Profitability and Liquidity

    Despite some segment strengths, overall operating income decreased 34% to $5.3 million, and the company reported a net loss of $1.1 million. Adjusted EBITDA also saw a 29.5% decline to $9.3 million. The company ended the quarter with $39.8 million in total cash availability, including $10.9 million cash on hand and $28.9 million available under lines of credit, maintaining a solid liquidity position.

    AI-generated summary of the company’s earnings call. Not investment advice.