Heritage Global Inc. (HGBL) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Heritage Global Inc. First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. Later, you'll have the opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the star and 1 on your telephone keypad. Please note today's call will be recorded, and we will be standing by if you should need any assistance. It is now my pleasure to turn today's conference over to John Nesbitt of IMS Investor Relations. Please go ahead. 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 the date of this call. For more details on 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. Ross? Thank you, John, and welcome all to our first quarter earnings call. I'm pleased to again report a solid profitable quarter. we once again executed safe and smart decisions and transactions across all of our revenue streams. Over $1.5 million in free cash flow affording us the continued currency to fuel growth as we pursue both organic and M&A initiatives aggressively. We had a very slow start to the quarter. It was really a tale of two halves. Until mid-February, the markets we operate in had the similar and continued wait and see sent...