Live Ventures Acquires Precision Metal Works, Adding $75 Million Annual Revenue Stream
Portfolio Pulse from Happy Mohamed
Live Ventures Incorporated (NASDAQ:LIVE) has acquired Precision Metal Works, Inc. (PMW), a Kentucky-based Metal Stamping and Value-Added Manufacturing Company, for approximately $28 million. The acquisition is expected to add $75 million to Live Ventures' annual revenue and be immediately accretive to earnings. PMW's existing management team and all its employees will be retained.
July 24, 2023 | 12:56 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Live Ventures' acquisition of Precision Metal Works is expected to be immediately accretive to earnings and add $75 million to its annual revenue. This could potentially boost the company's stock in the short term.
The acquisition of Precision Metal Works by Live Ventures is a significant event for the company. It is expected to add $75 million to the company's annual revenue, which is a substantial increase. Additionally, the acquisition is expected to be immediately accretive to earnings, which is a positive sign for investors. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100