Key Developments: Liquidity Services Inc (LQDT.O)
31.44USD
18 Jun 2013
$0.08 (+0.26%)
$31.36
$31.45
$32.16
$31.03
410,004
457,006
$60.21
$28.62
Latest Key Developments (Source: Significant Developments)
Hoffmann-La Roche Inc Selects Liquidity Services Inc As Sales Channel For Surplus Assets
Liquidity Services Inc announced that it has been selected by Hoffmann-La Roche Inc. (Roche), to provide disposition services for Roche's surplus assets located in Nutley, NJ USA, where business operations will cease in December 2013. These assets consist of surplus equipment no longer needed in Roche's daily operations, which include over 10,000 pieces of late model biotech, research and development equipment. Full Article
Liquidity Services Inc Issues Q3 2013 Guidance Below Analysts' Estimates; Reaffirms FY 2013 Guidance
Liquidity Services Inc announced that for third quarter of 2013, it expects adjusted EBITDA in the range from $29.0 million to $32.0 million and adjusted earnings per diluted share to be $0.49 to $0.54. For fiscal 2013, it expects adjusted EBITDA to range from $115 million to $121 million, which is unchanged from previous guidance and adjusted earnings per diluted share (EPS) to range from $1.90 to $2.02 which is which is unchanged from previous guidance. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $33 million and EPS of $0.55 for third quarter of 2013; EBITDA of $118 million and EPS of $1.96 for fiscal 2013. Full Article
Liquidity Services Inc Lowers FY 2013 Earnings Guidance; Issues Q2 2013 Earnings Guidance Below Analysts' Estimates-Conference Call
Liquidity Services Inc announced that for fiscal 2013, it expects adjusted EBITDA to range from $115 million to $121 million, which is a decrease from previous guidance range of $123 million to $133 million and adjusted earnings per diluted share (EPS) to range from $1.90 to $2.02 which is a decrease from previous guidance range of $2.05-$2.23. For the second quarter of 2013, it expects adjusted EBITDA to range from $28 million to $30 million and estimate adjusted earnings per diluted share (EPS) to range from $0.46 to $0.50. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $124 million and EPS of $2.09 for fiscal 2013; EBITDA of $32 million and EPS of $0.56 for the second quarter of 2013. Full Article
Liquidity Services Inc Reaffirms Q1 2013 Earnings Guidance
Liquidity Services Inc reaffirmed its first quarter of 2013 guidance for adjusted EBITDA and adjusted Diluted Earnings Per Share (EPS) and expects adjusted EBITDA to range from $22.0 million to $24.0 million and adjusted Diluted EPS to be $0.36 to $0.40. Full Article
Liquidity Services Inc Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates; Issues Q1 2013 EBITDA Guidance Below Analysts' Estimates-Conference Call
Liquidity Services Inc announced that for fiscal 2013, it expects adjusted EBITDA to range from $123 million to $133 million. The Company also expect adjusted EBITDA for the first quarter of 2013, to be range from $22 million to $24 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $133 million for fiscal 2013 and EBITDA of $25 million for the first quarter of 2013. Full Article
Liquidity Services Inc Acquires National Electronics Service Association
Liquidity Services Inc announced that it has acquired National Electronics Service Association (NESA) in an all-cash transaction. A Canadian provider of returns management, refurbishment and reverse logistics services for high-value consumer products, NESA provides expertise and focused services to Fortune 1000 companies in the management of Consumer Electronics, Telecommunications and Information Technology products. The acquisition of NESA enhances Liquidity Services’ ability to deliver large retailers and OEMs across Canada and the U.S. a full-service, reverse logistics solution for consumer electronics and technology products, including returns management, repair services and multi-channel inventory disposition. Terms of the transaction were not disclosed. Full Article
Liquidity Services Inc Raises FY 2012 Earnings Guidance; Issues Q4 2012 Earnings Guidance Above Analysts' Estimates
Liquidity Services Inc announced that for fiscal 2012, it expects adjusted EBITDA to range from $108-$110 million, an increase from previous guidance range of $96-$100 million and adjusted earnings per diluted share (EPS) to range from $1.81-$1.84, an increase from previous guidance range of $1.64-$1.70. For the fourth quarter of 2012, it expects adjusted EBITDA to range from $21.0-$23.0 million and adjusted earnings per diluted share (EPS) to be $0.35-$0.38. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $90 and EPS of $1.68 for fiscal 2012; EBITDA of $20.3 million and EPS of $0.33 for the fourth quarter of 2012. Full Article
Liquidity Services Inc's Liquidity Services UK Completes Acquisition Of GoIndustry DoveBid PLC
GoIndustry DoveBid PLC announced that that following delivery of the Court Orders sanctioning the Scheme and confirming the Capital Reduction to the Registrar of Companies, the Scheme has become effective in accordance with its terms. The Acquisition has therefore completed and the entire issued share capital of GoIndustry is now owned by Liquidity Services UK. The cash consideration payable to GoIndustry Shareholders under the Scheme will be sent to such Shareholders by Liquidity Services UK within 14 days. All of the GoIndustry Directors named in the Scheme Document have resigned as directors of GoIndustry and William P. Angrick, III, Thomas Burton and Holger Schwarz have been appointed as new directors of GoIndustry with immediate effect. Trading in GoIndustry Shares on AIM is currently suspended and a request has been made by the Company to cancel the admission of the GoIndustry Shares to trading on AIM. Cancellation of the admission of the GoIndustry Shares to trading on AIM is expected to occur by no later than 7.00 a.m. on July 5, 2012. Full Article
GoIndustry DoveBid PLC Recommended Cash Acquisition To Be Made By Liquidity Services, Inc's Liquidity Services UK
GoIndustry DoveBid PLC and Liquidity Services Board announces that they have reached agreement on the terms of a recommended cash acquisition to be made by Liquidity Services UK, a wholly-owned subsidiary of Liquidity Services, Inc. (Liquidity Services), of the entire issued and to be issued share capital of GoIndustry (the Acquisition). It is intended that the Acquisition will be effected by way of a scheme of arrangement made between GoIndustry and Scheme Shareholders under Part 26 of the Companies Act. The GoIndustry Board intend unanimously to recommend the Acquisition to GoIndustry Shareholders. Under the terms of the Acquisition, Scheme Shareholders will be entitled to receive 73 pence in cash for each GoIndustry Share held at the Scheme Record Time, valuing the entire issued and to be issued share capital of GoIndustry at approximately GBP7.30 million. The consideration of 73 pence for each GoIndustry Share represents: premium of approximately 54%. to the Closing Price of 47.5 pence per GoIndustry Share on April 30, 2012, being the last Business Day prior to the commencement of the Offer Period; and a premium of approximately 12%. to the Closing Price of 65 pence per GoIndustry Share on May 8, 2012, being the last Business Day prior to the date of this announcement. The consideration payable under the terms of the Acquisition will be funded from Liquidity Services' existing cash resources. Full Article
Liquidity Services Inc To Acquire GoIndustry DoveBid PLC
Liquidity Services Inc announced that it has agreed to acquire GoIndustry DoveBid, plc a global provider of surplus asset management, auction and valuation services, for 73 pence per share and assumed indebtedness, or total consideration of approximately USD31 million. The all-cash transaction is expected to close on or about July 1, 2012. Full Article
Liquidity Services cuts 2013 profit outlook, shares down
- Online auctioneer Liquidity Services Inc cut its full-year earnings outlook as it expects economic uncertainties to hurt retail and industrial supply chains.
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