Net income,
Person,
Acceleration,
Depreciation,
CAG,
GMV,
ETR,
RSCG,
Growth,
Tax,
Procurement,
Transaction,
Acquisition,
EPS,
Adjustment,
GAAP,
Retail BETHESDA, Md., May 09, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended March 31, 2024, as compared to the corresponding prior year quarter:
Key Points:
- Our fiscal third quarter 2024 outlook reflects the seasonally high activity at GovDeals, with year-over-year GMV growth expected to continue despite the potential for softer used vehicle market prices than last year.
- Our RSCG segment expects to sustain similar volumes to this past fiscal second quarter’s record RSCG GMV.
- AllSurplus Deals, our Retail consumer curbside pick-up marketplace, is expected to sustain strong year-over-year growth this coming quarter.
- Our Retail segment continues to experience an inflow of lower value product mix that has dampened direct margins compared to last year and is expected to result in fiscal third quarter margins similar to this past fiscal second quarter.
BETHESDA, Md., April 02, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its second quarter fiscal year 2024 results prior to market open on Thursday, May 9, 2024.
Key Points:
- BETHESDA, Md., April 02, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its second quarter fiscal year 2024 results prior to market open on Thursday, May 9, 2024.
- Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time.
- To participate in the conference call, please register here to receive the dial-in number and unique conference pin.
- A listen-only live webcast of the conference call will also be provided on the Company’s investor relations site .
“As RemArms’ strategic partner, we are confident the upcoming auctions will produce strong sales results by delivering interest from both domestic and international buyers,” said Chris Register, vice president of corporate sales for AllSurplus.
Key Points:
- “As RemArms’ strategic partner, we are confident the upcoming auctions will produce strong sales results by delivering interest from both domestic and international buyers,” said Chris Register, vice president of corporate sales for AllSurplus.
- "This is a great opportunity for buyers to purchase highly sought-after machine tools and plant support equipment.”
The online auctions contain a mix of high-value equipment including a turn-key Metal Injected Molded and Pressed Metal operation, OKK horizontal machining centers, and an Unisig drilling machine.
- Liquidity Services is excited to partner with RemArms to unleash the value of their surplus assets while executing a zero-waste solution.
- To place a bid, buyers must create an account by completing the free registration form at AllSurplus.com .
Retrieved on:
Thursday, February 15, 2024
BETHESDA, Md., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced the auction of energy surplus assets in Channelview, Texas for an American multinational energy partner.
Key Points:
- BETHESDA, Md., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced the auction of energy surplus assets in Channelview, Texas for an American multinational energy partner.
- More than 1,400 unused joints of subsea flowline, risers and heavy wall line pipe are currently available until 2:00 pm EST February 29, 2024 on AllSurplus.com , the largest online marketplace for surplus business assets.
- “As energy projects come to completion, unused surplus material presents an opportunity for offshore operators, pipeline companies, and their engineering/construction service providers.
- This event features unused pipe, some coated, some bare, ready for purchase and pick-up.
Retrieved on:
Monday, February 12, 2024
BETHESDA, Md., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (Nasdaq:LQDT), a leading global commerce company powering the circular economy, today announced the publication of its 2024 Environmental, Social, and Governance (ESG) Report.
Key Points:
- BETHESDA, Md., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (Nasdaq:LQDT), a leading global commerce company powering the circular economy, today announced the publication of its 2024 Environmental, Social, and Governance (ESG) Report.
- The report showcases the Company’s progress towards creating a better future for organizations, individuals, and the planet.
- As projections for the value of the reverse logistics industry continue to skyrocket , commitment to fostering circular commerce through trusted global marketplaces continues to be a priority for Liquidity Services.
- To access the 2024 ESG Report , visit the ESG Reports under our Governance tab on the company website.
Retrieved on:
Thursday, February 8, 2024
EPS,
Growth,
Net income,
Delinquent,
GAAP,
Procurement,
Acceleration,
ETR,
Tax,
Adjustment,
RSCG,
Depreciation,
CAG,
Acquisition,
Sale,
GMV,
Transaction,
Person,
Retail BETHESDA, Md., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended December 31, 2023, as compared to the corresponding prior year quarter:
Key Points:
- Our fiscal second quarter 2024 guidance reflects sequential increases from our fiscal first quarter 2024 results, including an expected seasonal improvement for our RSCG segment during the post-holiday return season.
- Our fiscal second quarter 2024 guidance range reflects the potential for a new quarterly record for GMV at the mid-point of our guidance range with normalized growth in our profitability metrics.
- CAG enters the fiscal second quarter with a robust pipeline, including from several large projects delayed from this past fiscal first quarter, that should drive both sequential and year-over-year growth.
- We expect our segment direct profits as a percentage of total revenues to increase year-over-year, while remaining a similar ratio as our fiscal first quarter 2024 results.
XCMG E-commerce Inc is a subsidiary of XCMG, a renown global heavy equipment manufacturer.
Key Points:
- XCMG E-commerce Inc is a subsidiary of XCMG, a renown global heavy equipment manufacturer.
- “We are excited that the Machinio team in China has been able to develop a relationship with and win the business of a well-known brand like XCMG,” said Robin Hargadon, vice president and general manager, Machinio.
- “Machinio sees incredible opportunities in China to continue to expand our advertising footprint for equipment manufacturers and dealers, as well as introduce our other Machinio System CRM and website hosting services,” Hargadon said.
- To view all 6,000 refurbished construction machinery assets, visit Machinio.com .
Retrieved on:
Thursday, January 4, 2024
BETHESDA, Md., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its first quarter fiscal year 2024 results prior to market open on Thursday, February 8, 2024.
Key Points:
- BETHESDA, Md., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its first quarter fiscal year 2024 results prior to market open on Thursday, February 8, 2024.
- Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time.
- To participate in the conference call, please register here to receive the dial-in number and unique conference pin.
- A listen-only live webcast of the conference call will also be provided on the Company’s investor relations site .
Retrieved on:
Wednesday, January 3, 2024
Government,
Marketing,
Sale,
Liquidity,
Person,
Liquidity Services,
Organic,
Legislation,
War,
Transport,
Organization,
Environment,
Auction The transaction accelerates Liquidity Services’ penetration of the southwest US market for municipal government surplus and expands the size of Liquidity Services’ overall transportation and used equipment footprint.
Key Points:
- The transaction accelerates Liquidity Services’ penetration of the southwest US market for municipal government surplus and expands the size of Liquidity Services’ overall transportation and used equipment footprint.
- Established in 1986 in Phoenix, AZ, Sierra Auction is the sole auction outlet for seized and forfeited assets from several prominent state and county government agencies in Arizona.
- Additionally, Sierra has partnered with numerous charity organizations to auction donated vehicles.
- Liquidity Services expects to retain Sierra’s current management team and its employees following the transaction.
Mr. Phillip A. Clough is retiring from the company’s board of directors, effective February 2, 2024, after 20 years of dedicated service, consistent with the company’s succession plan.
Key Points:
- Mr. Phillip A. Clough is retiring from the company’s board of directors, effective February 2, 2024, after 20 years of dedicated service, consistent with the company’s succession plan.
- “Phil has been a trusted member of our Board for almost two decades.
- We wish him and his family all the best following his retirement,” said Bill Angrick, Chairman and CEO.
- The Board has also determined to make certain changes to the committee assignments of the independent directors effective February 2, 2024.
