LQDT Q2 2026 Earnings Transcript

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Date

Thursday, May 7, 2026 astatine 10:30 a.m. ET

Call participants

• Chairman and Chief Executive Officer — William P. Angrick

• Executive Vice President and Chief Financial Officer — Jorge A. Celaya

• Vice President and Controller — Michael Patrick

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Full Conference Call Transcript

Operator: Welcome to the Liquidity Services, Inc. 2026 fiscal results league call. My sanction is Daniel, and I volition beryllium your relation for today's call. Please enactment that this league telephone is being recorded. At this time, each participants are successful a listen-only mode. Later, we volition behaviour a question-and-answer session. I volition present crook the telephone implicit to Michael Patrick, Liquidity Services, Inc. Vice President and Controller.

Michael Patrick: Good morning. On the telephone contiguous are William P. Angrick, our Chairman and Chief Executive Officer, and Jorge A. Celaya, our Executive Vice President and Chief Financial Officer. They volition beryllium disposable for questions aft their prepared remarks. The pursuing treatment and responses to your questions bespeak management's views arsenic of today, 05/07/2026, and volition see forward-looking statements. Actual results whitethorn disagree materially. Additional accusation astir factors that could perchance interaction our fiscal results is included successful today's property merchandise and successful our filings with the SEC, including our astir caller Annual Report connected Form 10-K.

As you perceive to today's call, delight person our property merchandise successful beforehand of you, which includes our fiscal results arsenic good arsenic metrics and commentary connected the quarter. During this call, absorption volition sermon definite non-GAAP fiscal measures. In our property merchandise and successful our filings with the SEC, each of which is posted connected our website, you volition find further disclosures regarding these non-GAAP measures, including the reconciliations of these measures with their astir comparable GAAP measures arsenic available. Management besides uses definite supplemental operating information arsenic a measurement of definite components of operating performance, which we besides judge is utile for absorption and investors.

This supplemental operating information includes gross merchandise measurement and should not beryllium considered a substitute for oregon superior to GAAP results. At this time, I volition crook the presumption implicit to our Chairman and CEO, William P. Angrick.

William P. Angrick: Thank you, and bully morning. Against the backdrop of planetary tariffs, upwind disruptions, and geopolitical tensions, I americium pleased to study that Liquidity Services, Inc. continued to turn its marketplace stock and make worth for customers and shareholders during our March quarter. Our 2nd 4th results were fueled by our wide manufacture coverage, robust purchaser liquidity, and improved operating leverage, which drove an 18% year-over-year summation successful our consolidated conception nonstop nett and a 37% year-over-year summation successful our consolidated adjusted EBITDA. Our asset-light concern exemplary continued to make beardown operating currency travel successful excess of adjusted EBITDA, and we ended the 4th with $204 cardinal successful currency and zero fiscal debt.