Live Ventures Incorporated (NASDAQ:LIVE) Q4 2022 Earnings Conference Call December 15, 2022 5:00 PM ET
Company Participants
Greg Powell - Director of Investor Relations
Jon Isaac - President and Chief Executive Officer
David Verret - Chief Financial Officer
Eric Althofer - Chief Operating Officer
Conference Call Participants
Theodore R. O’Neill - Litchfield Hills Research
Joseph Kowalsky - Upstream Investment Partners, LLC
Operator
Good day, everyone, and welcome to today's Live Ventures Incorporated Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note, today’s call maybe recorded and I will be standing by, should you need any assistance.
It is now my pleasure to turn the conference over to the Director of Investor Relations, Greg Powell. Please go ahead.
Greg Powell
Thank you, Chloe. Good afternoon, everyone, and welcome to the Live Ventures fiscal fourth quarter and full year 2022 conference call. Joining us this afternoon for the call are Jon Isaac, our Chief Executive Officer and President; David Verret, our Chief Financial Officer; and Eric Althofer, our Chief Operating Officer.
Some of the statements we are making today are forward-looking and are based on our best view of our businesses as we see them today. The actual results could differ material due to the number of factors, including those outlined in our latest Forms, 10-K and 10-Q filed with the Securities and Exchange Commission. We have no obligation to publicly update any forward-looking statements after this call. Whether as a result of new information, future events, changes in assumptions or otherwise, you can find our press release referenced on this call in the Investor Relations section of the Live Ventures Web site. I direct you to our Web site www.liveventures.com or www.sec.gov for our historical SEC filings.
And now I'll turn the call over to David to walk through our financial performance.
David Verret
Thank you, Greg, and good afternoon, everyone. Overall, the company delivered a solid fourth quarter and full year 2022 performance in spite of increasing economic headwinds. During our fiscal year 2022, we continue to execute on our multi-lever, buy-build-hold strategic plan to maximize stockholder value.
On the buy side, we added Kinetic and Better Backers to our steel manufacturing and flooring manufacturing segments, respectively. On the build side, we made significant capital investments in new equipment in our flooring manufacturing business, Marquis Industries. In addition, we repurchased 86,451 shares of our common stock during the year.