Heritage Global Inc. (HGBL) Q2 2023 Earnings Call Transcript


Heritage Global Inc. (NASDAQ:HGBL) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET

Company Participants

John Nesbett – Investor Relations

Ross Dove – Chief Executive Officer

Brian Cobb – Chief Financial Officer

Conference Call Participants

Mark Argento – Lake Street Capital Markets

George Sutton – Craig-Hallum

Operator

Greetings and welcome to Heritage Global Inc. Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ross Dove, Chief Executive Officer. Thank you. You may begin.

John Nesbett

Thank you and good afternoon, everyone. Before we begin, I’d like to remind everyone that this conference call contains forward-looking statements based on our current expectations and projections about future events and are subject to change based on various important factors.

In light of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of date of this call. For more details and factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.

Now I’d like to turn the call over to Heritage Global’s Chief Executive Officer, Mr. Ross Dove. Go ahead, Ross.

Ross Dove

Thank you, John. Good afternoon, everyone. Thank you all for joining. Welcome to our 2023 Second Quarter Earnings Conference Call. Today, we’ll start the call with Brian Cobb, our CFO. Brian, go ahead. You’re up.

Brian Cobb

Thanks, Ross. We are pleased to reach the halfway point of 2023 with a record $7 million in operating income. Our solid second quarter results included operating income of $3.1 million, earnings of $0.07 per diluted share and EBITDA of $3.2 million.

Both



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