Last $7.74 USD
Change Today +0.03 / 0.39%
Volume 301.9K
LQDT On Other Exchanges
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As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

liquidity services inc (LQDT) Snapshot

Open
$7.64
Previous Close
$7.71
Day High
$7.85
Day Low
$7.58
52 Week High
03/6/14 - $27.33
52 Week Low
01/21/15 - $7.32
Market Cap
232.0M
Average Volume 10 Days
240.8K
EPS TTM
$0.61
Shares Outstanding
30.0M
EX-Date
--
P/E TM
12.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for LIQUIDITY SERVICES INC (LQDT)

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liquidity services inc (LQDT) Details

Liquidity Services Inc. operates an online auction marketplace for wholesale, surplus, and salvage assets primarily in the U.S. and Europe. The Washington-based company organizes products by industry, such as consumer electronics, general merchandise, apparel, scientific equipment, and aerospace parts and equipment, with some 500 categories in all. Its marketplaces provide professional buyers access to a supply of wholesale, surplus, and salvage assets, along with digital images, detailed product description, product manifest, relevant transaction history regarding the seller, shipping weights, product dimensions, and estimated shipping costs. The company runs liquidation.com for corporations and selected federal government agencies; govliquidation.com for selected government agencies; and liquibiz.com for European-based corporations and government agencies. It also operates a wholesale industry portal, goWholesale.com, that connects advertisers with buyers seeking products for resale and related business services. The company offers a suite of integrated sales, marketing, merchandising, fulfillment, payment collection, dispute mediation, and logistics services. The company was founded in 1999 as Liquidation.com.

1,345 Employees
Last Reported Date: 11/21/14
Founded in 1999

liquidity services inc (LQDT) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $400.0K
Chief Financial Officer, Treasurer and Presid...
Total Annual Compensation: $330.4K
Executive Vice President of Federal Sector
Total Annual Compensation: $315.5K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $309.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $295.0K
Compensation as of Fiscal Year 2014.

liquidity services inc (LQDT) Key Developments

Liquidity Services, Inc. and Wal-Mart Stores Inc. Announces Settlement Agreement

Effective October 1, 2011, Liquidity Services, Inc. acquired from ILJ Enterprises, LLC (seller; formerly known as Jacobs Trading, LLC) seller’s business of purchasing closeouts, excess merchandise and customer returns for resale to retailers, wholesalers, and other third parties and consumers. In connection with the acquisition, Liquidity Services, Inc., through one of its subsidiaries, assumed sellers’ rights and obligations under Seller’s Master Merchandise Salvage Contract, dated as of May 13, 2011, with Wal-Mart Stores, Inc. Under the Wal-Mart Agreement, Liquidity Services, Inc. had the exclusive right to purchase certain consumer products from Wal-Mart that has been removed from the sales stream of Wal-Mart’s retail operations. On January 22, 2015, Liquidity Services, Inc. entered into a settlement agreement with Wal-Mart, resolving its dispute related to the Wal-Mart Agreement and its subsequent termination. Both Wal-Mart and Liquidity Services, Inc. have also agreed to waive any claims they may have against each other with respect to the Wal-Mart Agreement or its subsequent termination. Under the terms of the settlement agreement, Wal-Mart will pay Liquidity Services, Inc. $7.5 million. Although the Wal-Mart agreement will remain terminated, all other commercial agreements between Liquidity Services, Inc. and Wal-Mart will remain in effect.

Liquidity Services Announces Resignation of David A. Perdue, Jr as Member of Board of Directors

Liquidity Services, Inc. announced the resignation of its Board of Directors member, David A. Perdue, Jr. Mr. Perdue's resignation follows his election to the United States Senate and is effective as of December 31, 2014.

Wal-Mart Terminates Merchandise Salvage Contract with Liquidity Services

Wal-Mart Stores Inc., on Dec. 1, 2014, provided Liquidity Services Inc. written notice terminating its master merchandise salvage contract, or the Wal-Mart agreement, with the company, effective Dec. 8, 2014. The termination notice alleges that the company failed to comply with certain provisions under the Wal-Mart agreement with respect to service level requirements and restrictions on the disposition of merchandise. Liquidity Services disputes these allegations and is contesting the termination of the agreement with Wal-Mart. The company had been in talks with Wal-Mart to address Wal-Mart's failure to honor the company's exclusive right to purchase selected merchandise from Wal-Mart but was unable to reach a satisfactory resolution.

 

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LQDT

Industry Average

Valuation LQDT Industry Range
Price/Earnings 8.0x
Price/Sales 0.5x
Price/Book 0.7x
Price/Cash Flow 4.9x
TEV/Sales 0.3x
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