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Liquidity Services Inc (LQDT.OQ)

LQDT.OQ on NASDAQ Stock Exchange Global Select Market

7.65USD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Liquidity services decided to exit its Truckcenter Land based, live auction, retail business on Jan. 30, 2017
Friday, 3 Feb 2017 06:18am EST 

Liquidity Services Inc : Liquidity services -on January 30, 2017, decided to exit its Truckcenter Land based, live auction and retail business . Liquidity services inc - "expects to incur these pre-tax restructuring charges in quarter ended march 31, 2017 and quarter ended June 30, 2017" . Liquidity services -wind down plan contemplates termination of employment of up to 19 employees, which constitutes about 2% of company's global workforce . Liquidity services - will continue to handle sale of transportation assets on behalf of national fleets, leasing companies, government agencies, corporate clients . Liquidity services -company will wind down the truckcenter live auction and retail locations over the next three months .Liquidity services - will handle the sale of the transportation assets through its existing online auction marketplaces.  Full Article

Liquidity Services announces agreement with Dublin office of Indassol
Thursday, 29 Sep 2016 10:00am EDT 

Liquidity Services : Liquidity Services announces agreement with Dublin office of Indassol .Agreement to provide sale, auction services to biopharmaceutical, electronics, FMCG, industrial manufacturing clients in Ireland.  Full Article

Liquidity Services Q3 adjusted non-gaap EPS $0.07
Thursday, 4 Aug 2016 06:55am EDT 

Liquidity Services Inc : Liquidity Services announces third quarter fiscal year 2016 financial results . Q3 revenue $85.2 million versus I/B/E/S view $72.5 million . Q3 adjusted non-gaap earnings per share $0.07 . Q3 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S . In near term it remains difficult to forecast sales and margins of business because of variability in timing of projects . Anticipate that Q4-16 results will reflect lower GMV and non-GAAP adjusted EBITDA than Q3-16 due to seasonality . Anticipate Q4 results typically lower than other quarters, as several client sales anticipated for Q4-16 were completed in Q3-16 . Q4 earnings per share view $-0.08, revenue view $69.0 million -- Thomson Reuters I/B/E/S . Q3 earnings per share $0.00 . Expect GMV for Q4-16 to range from $155 million to $170 million . Expect GAAP diluted earnings per share for Q4-16 to range from negative $0.20 to negative $0.10 . Estimate non-GAAP adjusted earnings per diluted share for Q4-16 to range from negative $0.14 to negative $0.05 .Q3 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S.  Full Article

Liquidity Services Inc gives Q2 2016 earnings guidance
Thursday, 4 Feb 2016 06:55am EST 

Liquidity Services Inc:Expects Q2 2016 adjusted EBITDA to range from ($3.0) million to $2.0 million.Expects Q2 2016 adjusted diluted EPS to range from ($0.11) to zero.  Full Article

Liquidity Services announces agreement to divest its Jacobs Trading Business to Tanager Acquisitions, LLC for $17 Million
Friday, 25 Sep 2015 05:00pm EDT 

Liquidity Services:Says agreement to divest its Jacobs Trading Business to Tanager Acquisitions LLC for $17 million.Says agreed upon consideration to Liquidity Services for the jacobs trading business is approximately $13 million.Sale of jacobs trading business allows Liquidity Services to utilize approximately $127 million in tax losses.Sale of jacobs trading business allows resulting in anticipated near term cash benefit of about $35 million from tax refunds.Transaction is expected to result in an approximately $29 million credit to income tax expense for fiscal year 2015.Divestment follows termination of legacy jacobs trading Wal-Mart contract which materially reduced scope of jacobs trading business.  Full Article

Liquidity Services Inc gives Q4 2015 guidance below estimates
Thursday, 6 Aug 2015 06:55am EDT 

Liquidity Services Inc:Expects Q4 2015 in the range from $1.0 million to $2.0 million.Expects Q4 2015 EPS in the range from zero to $0.02.Q4 2015 EBITDA of $5.9 million and EPS of $0.07 - Thomson Reuters I/B/E/S.  Full Article

Liquidity Services announces appointment of Jorge Celaya as Chief Financial Officer
Thursday, 23 Jul 2015 04:34pm EDT 

Liquidity Services Inc:Announces the appointment of Jorge Celaya as Executive Vice President and Chief Financial Officer (CFO), effective Aug. 10.Celaya will serve as a member of the Company's executive leadership team.  Full Article

Liquidity Services Receives Three Month Contract Extension for U.S. Department of Defense Surplus Property Sales
Tuesday, 21 Jul 2015 04:05pm EDT 

Liquidity Services:Says Defense Logistics Agency (DLA) has determined it is in the best interest of the Government to extend the remaining three 30-day option periods under its Surplus sales contract (Surplus Contract) for the disposition of usable surplus property from the U.S. Department of Defense.Through this unilateral contract amendment, the current Surplus Contract's performance period has been extended through Nov. 14.During this period, the U.S. Department of Defense (DoD) will continue to use Liquidity Services as the primary sales channel for the disposition of surplus property.Under the terms of the Surplus Contract extension, Liquidity Services manages the receipt, storage, marketing, and disposition of all usable non-rolling stock surplus personal property generated by DoD installations throughout the United States and its territories.All other terms, including pricing, remain consistent with the prior Surplus Contract.  Full Article

Liquidity Services receives contract extension for U.S. department of defense scrap property sales
Tuesday, 9 Jun 2015 04:15pm EDT 

Liquidity Services:Says it has been awarded contract extension by U.S. Defense Logistics Agency (DLA) for Scrap Property sales contract.Through this amendment, performance period has been extended by base term of nine months with three three-month additional option periods, commencing on June 9.During this period, Liquidity Services will continue to serve as sales channel for disposition of DLA scrap property that is approved for public sale.Additional modifications have been made to principal terms of contract including.Contract pricing will be adjusted to reflect 65% profit sharing distribution to the DLA.DLA may elect to terminate portions of the contract by location with a 90-day notification required no sooner than Feb. 1, 2016.DLA may elect to terminate portions of the contract by certain commodity categories with a 60-day notification required no sooner than Oct. 1, 2015.  Full Article

Liquidity Services Inc gives Q3 2015 EPS guidance
Thursday, 7 May 2015 06:55am EDT 

Liquidity Services Inc:Sees Q3 2015 adjusted earnings per share $0.05 to $0.10.  Full Article

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BRIEF-Liquidity Services Q4 adjusted loss per share $0.02

* Liquidity Services Inc sees GMV for Q1 2017 to range from $150 million to $170 million