Key Developments: Liquidity Services Inc (LQDT.O)

LQDT.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Liquidity Services Inc lowers FY 2014 outlook; gives Q3 2014 outlook below analysts' estimates
Thursday, 8 May 2014 06:55am EDT 

Liquidity Services Inc:Expects FY 2014 adjusted EBITDA to range from $70 - $80 mln, which is a decrease from previous guidance range of $100 - $108 mln.Expects FY 2014 adjusted earnings per diluted share to range from $1.10 to $1.27, which is a decrease from previous guidance range of $1.60 to $1.76.Expects Q3 2014 adjusted EBITDA to range from $18.0 - $21.0 mln.Expects Q3 2014 adjusted earnings per diluted share to be $0.28 to $0.34.FY 2014 EBITDA of $101 mln, EPS of $1.65 - Thomson Reuters I/B/E/S.Q3 2014 EBITDA of $28.8 mln, EPS of $0.48 - Thomson Reuters I/B/E/S.  Full Article

Liquidity Services Inc reaffirms FY 2014 earnings guidance; issues Q2 2014 earnings guidance below analysts' estimates
Friday, 7 Feb 2014 07:01am EST 

Liquidity Services Inc:Reaffirmed FY 2014 guidance.Expects FY 2014 adjusted EBITDA to a range from $100 mln to $108 mln.Expects FY 2014 diluted EPS in the range of $1.60 to $1.76.Expects Q2 2014 adjusted EBITDA in the range of $20.0-$23.0 mln.Expects Q2 2014 diluted EPS in the range of $0.33-$0.37.FY 2014 EBITDA of $99 mln and EPS of $1.59 - Thomson Reuters I/B/E/S.Q2 2014 EBITDA of $28.2 mln and EPS of $0.46 - Thomson Reuters I/B/E/S.  Full Article

Liquidity Services Inc receives follow-on contract for the sale of u.s. defense department surplus property
Monday, 20 Jan 2014 09:00am EST 

Liquidity Services Inc:Says it has been awarded a follow-on contract by the U.S. Defense Logistics Agency (DLA) to extend the terms of its current Surplus Contract for the disposition of usable surplus property from the U.S. Department of Defense.Says under the follow-on contract, which commences Feb. 14, 2014, Liquidity Services` performance period has been extended by a base term of 10 months with two one-month additional option periods. All other terms, including pricing, will remain consistent with the prior Surplus Contract.  Full Article

Liquidity Services Inc receives 12-month contract extension for U.S. department of defense scrap property sales
Wednesday, 4 Dec 2013 08:30am EST 

Liquidity Services Inc:Says that the Defense Logistics Agency (DLA) has exercised the third of three twelve-month extension options under its Scrap Property sales contract.Says through this unilateral contract amendment, the Scrap Contract`s performance period will be extended through June 9, 2015.Says during this period, the U.S. Department of Defense (DoD) will continue to use Liquidity Services as the exclusive sales channel for the disposition of scrap property that is approved for public sale.Says under the Scrap Contract, Liquidity Services manages the receipt, storage, marketing and disposition of virtually all scrap property generated by DoD installations.  Full Article

Liquidity Services Inc Issues Q1 2014 Earnings Guidance Below Analysts' Estimates; Issues FY 2014 Earnings Guidance In Line With Analysts' Estimates
Thursday, 21 Nov 2013 06:55am EST 

Liquidity Services Inc announced that for first quarter of 2014, it expects adjusted EBITDA in the range of $14.0 million to $17.0 million and adjusted earnings per diluted share to be in the range of $0.20 to $0.24. For fiscal 2014, it expects adjusted EBITDA in the range of $100 million to $108 million and adjusted earnings per diluted share in a range from $1.60 to $1.76. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $20 million and EPS of $0.32 for first quarter of 2014; EBITDA of $105 million and EPS of $1.68 for fiscal 2014.  Full Article

Liquidity Services Inc Lowers FY 2013 Earnings Guidance; Issues Q4 2013 Earnings Guidance Below Analysts' Estimates
Tuesday, 6 Aug 2013 07:44pm EDT 

Liquidity Services Inc announced that it expects Adjusted EBITDA for fiscal 2013 to range from $104-$106 million and Adjusted EBITDA for fourth quarter of 2013 to range from $24.0-$26.0 million. It Expects Adjusted Earnings Per Diluted Share (EPS) for fiscal 2013 to range from $1.72-$1.76 and In fourth quarter of 2013 Adjusted Earnings Per Diluted Share to be $0.39-$0.43. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $28 million and EPS of $0.46 for fourth quarter of 2013; EBITDA of $107 million and EPS of $1.78 for fiscal 2013.  Full Article

Liquidity Services Inc Lowers Q3 2013 Earnings Guidance
Tuesday, 16 Jul 2013 06:59am EDT 

Liquidity Services Inc announced that for third quarter of 2013, it expects adjusted EBITDA, which excludes stock based compensation and acquisition costs, to be $26 million to $27 million compared to the Company's previous expectations of $29 million to $32 million. The Company also expects adjusted diluted earnings per share (EPS) of $0.43 to $0.45 compared to previous expectations of $0.49 to $0.54. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $30million and EPS of $0.51 for third quarter of 2013.  Full Article

Hoffmann-La Roche Inc Selects Liquidity Services Inc As Sales Channel For Surplus Assets
Tuesday, 28 May 2013 08:30am EDT 

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
Thursday, 2 May 2013 06:55am EDT 

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
Thursday, 31 Jan 2013 03:30pm EST 

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

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