Heritage Global (HGBL) Chief Executive Officer Ross Dove commented, “Our first quarter results delivered a solid start to the year, with continued profitability and a strong balance sheet. Heritage remains well positioned in the current economic environment which is driving an increased level of equipment and asset auctions as well as increases in charged off credit cards and non-performing consumer loans. 2025 got off to a slower start than we anticipated, however our pipeline grew throughout the quarter with a particularly strong March, positioning us well for our expectation of sequential improvement in Q2 and increasing confidence in a strong 2025. Our balance sheet includes a sufficient amount of available cash and net working capital of almost $15 million, providing us the flexibility to pursue our M&A strategy as well as to opportunistically stay active in our share buyback program.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HGBL:
- Is HGBL a Buy, Before Earnings?
- Buy Rating for Heritage Global: Strong Future Prospects and Undervaluation Highlighted by Analyst
- Heritage Global’s Mixed Q4 2024 Earnings Call Insights
- Heritage Global price target lowered to $4 from $5 at Lake Street
- Heritage Global Reports Mixed Financial Results for 2024
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue