Key Developments For Liquidity Services, Inc.
Liquidity Services, Inc. (LQDT.O) (Nasdaq)
Liquidity Services, Inc. Announces Retirement Of Jaime Mateus-Tique As President
Liquidity Services, Inc. announced that Jaime Mateus-Tique, the Company's President, COO and Co-Founder, will retire from day-to-day management of the business, as of September 30, 2009. Effective with this change, the Company's Chairman and Chief Executive Officer (CEO), Bill Angrick, will add the title of President. Mr. Mateus-Tique will remain on the Company's Board of Directors.
Liquidity Services, Inc. Narrows FY 2009 EBITDA Guidance; Lowers FY 2009 EPS Guidance; Issues Q4 2009 Earnings Guidance Below Analysts' Estimates
Liquidity Services, Inc. announced that for fiscal 2009, it expects adjusted EBITDA to range from $23.0 to $24.5 million, which is within the range of its previous estimate and expects adjusted earnings per diluted share (EPS) to range from $0.38 to $0.40, which is down from its previous estimate of $0.45 to $0.47. For the fourth quarter 2009, the Company expects adjusted EBITDA to range from $6.5 to $8.0 million and adjusted EPS to be from $0.10 to $0.13. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $25.3 million and EPS of $0.45 for fiscal 2009; EBITDA of $8.9 million and EPS of $0.17 for the fourth quarter 2009.
Liquidity Services, Inc. Issues Q2 2009 Earnings Guidance; EBITDA Guidance Below Analysts' Estimates; Reaffirms FY 2009 Earnings Guidance
Liquidity Services, Inc. announced that for fiscal 2009 it expects adjusted EBITDA to range from $22.5 million to $26.5 million and earnings per diluted share to range from $0.45 to $0.47, which is unchanged from its previous estimate. The Company expects adjusted EBITDA for third quarter 2009 to range from $8.7 million to $9.4 million and earnings per diluted share to be in the range of $0.16 to $0.17. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $9.7 million and EPS of $0.17 for third quarter 2009; EBITDA of $24.9 million and EPS of $0.45 for fiscal 2009.
Liquidity Services, Inc. Raises FY 2009 EBITDA Guidance; Reaffirms FY 2009 EPS Guidance
Liquidity Services, Inc. raised fiscal 2009 adjusted EBITDA guidance and reaffirmed adjusted diluted earrings per share (EPS) guidance. The Company expects adjusted EBITDA to be in the range of $22.5-$26.5 million and EPS adjusted diluted EPS to be in the range of $0.45-$0.47. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $24.2 million and EPS of $0.45 for the same period.
Liquidity Services, Inc. Issues Q1 2009 Earnings Guidance Below Analysts' Estimates; Issues FY 2009 Earnings Guidance; FY 2009 EPS Guidance Below Analysts' Estimates
Liquidity Services, Inc. announced that for first quarter 2009 it expects adjusted EBITDA in the range of $3.0 million to $4.0 million and EPS in the range of $0.06 to $0.07. For fiscal 2009 it expects adjusted EBITDA in the range of $22 million to $26 million and earnings per diluted share (EPS) in the range of $0.45 to $0.47. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $5.4 million and EPS of $0.11 for first quarter 2009; EBITDA of $26 million and EPS of $0.53 for fiscal 2009.
