Heritage Global reports Q4 EPS (1c) vs 13c last year

Heritage Global (HGBL) Chief Executive Officer Ross Dove commented, “We delivered solid results in 2024, strengthened our balance sheet, and returned capital to shareholders via our share repurchase program. While we had a tough comparison to a particularly strong 2023, Heritage delivered full year net operating income of more than $9 million and we enter 2025 with a strong and growing pipeline of opportunities. As expected, we saw improved sequential performance in our industrial assets division in the fourth quarter. While second half 2024 was light on disposition activity, we anticipate increased auction activity in 2025. We continue to compete for and win auction business from blue chip partners, reflecting our strong track record of success for the sale of industrial assets. At our financial assets division, we remain focused on selectively capitalizing on the continuing high levels of consumer spending that are driving increased charge offs. As we begin to move through 2025, we are optimistic about the strength of our pipeline and the market opportunities we are seeing across our businesses. We remain intent on expanding and leveraging our capabilities to drive growth and continued profitability.”