Heritage Global Inc. Announces Record 2020 Fourth Quarter and Year End Results

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Go back to Heritage Global Inc. Announces Record 2020 Fourth Quarter and Year End Results

Heritage Global, Inc. (HGBL) Tops Q4 EPS by 9c, Revenues Beat

March 8, 2021 4:15 PM EST

Heritage Global, Inc. (NASDAQ: HGBL) reported Q4 EPS of $0.17, $0.09 better than the analyst estimate of $0.08. Revenue for the quarter came in at $8.33 million versus the consensus estimate of $7.17 million.

Fourth Quarter 2020 Highlights:

The Company achieved operating income of $3.3 million as compared to an operating loss of $0.4 million in the fourth quarter of 2019, primarily due to the completion of multiple large transactions in the Companys industrial auction business. The fourth quarter of 2019 included a $0.6 million impairment charge related to Equity Partners, which was discontinued as of December 31, 2019.Net income increased to... More