Heritage Global Inc (HGBL)

Heritage Global to Announce First Quarter 2026 Results and Host Webcast on Thursday, May 7, 2026April 7, 2026 4:00 PM
Business Wire
Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its first quarter 2026 financial results after the market closes on Thursday, May 7, 2026.


Webcast and Earnings Conference Call


Management will host a webcast and conference call on Thursday, May 7, 2026, at 5:00 p.m. ET to discuss financial results for the first quarter of 2026. Analysts and investors may participate via conference call, using the following dial-in information:



1-800-274-8461 (Domestic)



1-203-518-9814 (International)



Conference ID: HGBLQ1



To access the webcast, individuals can use this link. The conference call will also be available in the Investor Relations section of the Company’s website. To listen to a live broadcast, go to the site or click on the webcast link at least 10 minutes prior to the scheduled start time in order to register.


Individuals can click here to add the call details to their calendar.


Replay


A replay of the call will be available approximately three hours after the call ends through May 21, 2026. To access the replay, dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international). The replay pin number is 1161436. A webcast replay can also be accessed on the Investor Relations section of the Company’s website.


About Heritage Global Inc. (“HG”)


Heritage Global Inc. (NASDAQ: HGBL) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.


Forward Looking Statements


This communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. While the Company believes the forward-looking statements contained in this communication are accurate, these forward-looking statements represent the Company’s beliefs only as of the date of this communication, and there are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies, and interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company’s control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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 release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260407619233/en/
Investor Relations:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203/972.9200

InvestorRelations@hginc.com


Original: Heritage Global to Announce First Quarter 2026 Results and Host Webcast on Thursday, May 7, 2026

Heritage Global Valuations Appoints Elise DiBenedetto as Director of Business DevelopmentApril 2, 2026 2:00 PM
Business Wire
Heritage Global Valuations (“HGV”), a division of Heritage Global Inc. (NASDAQ: HGBL), a leading appraisal and liquidation firm, today announced the appointment of Elise DiBenedetto as Director of Business Development. Based in the Northeast, she will focus on expanding relationships across the restructuring, lending, and professional services sectors.


In her role, DiBenedetto will be responsible for developing and strengthening relationships with financial institutions, private equity firms, restructuring advisors, and corporate clients. She will support HGV’s delivery of valuation and asset advisory services in complex situations involving liquidity needs, restructurings, and asset monetization.


DiBenedetto brings a background in business development and client engagement within the financial, professional services, and corporate sectors. Her career spans both operating and advisory environments, including leadership roles within operating companies overseeing FP&A and treasury functions, as well as work in credit and asset-based lending. She has also worked with lenders, sponsors, attorneys, and corporate executives on engagements related to restructuring, special situations, and strategic asset monetization.


“Elise brings a strong combination of financial acumen, operating experience, and relationships,” said Mike Goldstein, Executive Managing Director at Heritage Global Valuations. “She understands the urgency and complexity of the situations our clients face and has the ability to connect them with practical, value-maximizing solutions. We are excited to welcome her to the HGV team as we continue to expand our presence in key markets.”


DiBenedetto added, “Heritage Global Valuations has established itself as a trusted partner to lenders, advisors, and companies navigating complex asset and capital decisions. I look forward to building meaningful relationships across the market and helping clients access the valuation insights and execution strategies needed to move quickly and confidently.”


Her appointment reflects HGV’s continued investment in senior business development talent and its focus on supporting clients in an increasingly dynamic and transaction-driven environment.


Heritage Global Valuations (“HGV") is a division of Heritage Global Inc. (NASDAQ: HGBL). HGV operates under the Industrial Assets business unit and specializes in the valuation of commercial & industrial assets including inventories and machinery & equipment (“M&E”). Valuations are developed based on a number of factors, including an extensive proprietary database containing information about past transactions, firsthand knowledge of the market, extensive analyses, and relationships with original equipment manufacturers (“OEMs”) and dealers of industrial assets. Taking into account the economic and competitive environment of the industry in which the business operates, assuring an accurate and reliable appraisal which enables clients to make timely strategic decisions.


Heritage Global Inc. (“HG”) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.


Forward-Looking Statements

This communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this communication are based on knowledge of the environment in which the Company currently operates and are subject to change based on various important factors, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies, interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company's control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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 release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260402061413/en/
Mike Goldstein

Executive Managing Director

Heritage Global Valuations

561/208.1536

mGoldstein@hginc.com
Investor Relations Contact:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203/972.9200

InvestorRelations@hginc.com


Original: Heritage Global Valuations Appoints Elise DiBenedetto as Director of Business Development

Heritage Global Inc. Appoints Tom Ludwig as President of National Loan ExchangeMarch 26, 2026 4:05 PM
Business Wire
Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced the promotion of Tom Ludwig to President of National Loan Exchange, Inc. (“NLEX”), a subsidiary of Heritage Global Inc. His appointment was approved at the Company’s March board meeting in San Diego.


Mr. Ludwig previously served as Compliance & Privacy Officer, Executive Vice President, and Counsel of NLEX. In his expanded role, he will oversee strategic direction, operations, and continued growth initiatives for NLEX, a leading loan sale advisor focused on charged-off and nonperforming asset portfolios.


Mr. Ludwig brings nearly two decades of experience with NLEX, where he has held leadership roles spanning legal, compliance, operations, and corporate strategy. He has been involved in thousands of portfolio sales representing billions of dollars in face value and has played a key role in developing governance frameworks and operational infrastructure supporting the Company’s marketplace platform.


“Tom has been instrumental in the growth and operational integrity of NLEX,” said Dave Ludwig, President of Financial Assets at Heritage Global. “His deep understanding of the regulatory landscape, combined with his experience across legal, compliance, and operations, position him well to lead NLEX in its next phase of development.”


“I am honored to take on this role and continue working with the talented team at NLEX,” said Tom Ludwig. “We remain focused on delivering transparent, compliant, and efficient marketplace solutions for our clients while expanding our capabilities across asset classes.”


“Tom’s leadership, experience, and long-standing contributions to NLEX make him the right choice to lead the business,” said Ross Dove, Chief Executive Officer of Heritage Global. “We believe his appointment will support continued growth and reinforce NLEX’s position in the financial asset advisory market.”


Mr. Ludwig holds a Bachelor of Science degree from the University of Illinois Urbana-Champaign and a Juris Doctor from Southern Illinois University Carbondale School of Law. He is licensed to practice law in Illinois and Missouri and is certified as a Credit & Collection Compliance Officer by ACA International.


Heritage Global Inc. (NASDAQ: HGBL) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business divisions: Industrial Assets and Financial Assets.


National Loan Exchange (NLEX) is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). NLEX operates under the Financial Assets business unit and is a leading loan sale advisor in the United States and Canada. Over the past 25 years, the company has closed more than 6,000 sales representing over $250 billion in transactions. The leadership and sales teams have a combined history of more than 150 years in the financial services industry. Offerings include national, state, and regional portfolios on behalf of many of the world’s leading financial institutions.


Forward-Looking Statements

This communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. While the Company believes the forward-looking statements contained in this communication are accurate, these forward-looking statements represent the Company’s beliefs only as of the date of this communication, and there are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, including variability in magnitude and timing of asset liquidation transactions, the collectability of the charged off receivables that secure our loan portfolio, the impact of changes in the U.S. national and global economies, and interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company’s control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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 release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260326757483/en/
Investor Relations Contact:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203/972.9200

InvestorRelations@hginc.com


Original: Heritage Global Inc. Appoints Tom Ludwig as President of National Loan Exchange

Heritage Global Inc. Reports Fourth Quarter and Year-End 2025 ResultsMarch 12, 2026 4:05 PM
Business Wire

12% revenue growth for the year with continued profitability and cash generation



Executing on M&A strategy with recent acquisition of The Debt Exchange subsequent to year end



Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the fourth quarter and year ended December 31, 2025.


Fourth Quarter and Year-End 2025 Summary of Financial Results (unaudited):




($ in thousands, except per share amounts)






Three Months Ended




December 31,






Year Ended




December 31,








2025






 






2024






2025






 






2024








Revenue






$






11,855






 






$






10,767






 






$






50,978






 






$






45,361








Operating income






$






775






 






$






1,485






 






$






5,711






 






$






9,066








Net income






$






301






 






$






(203






)






$






3,587






 






$






5,182








Net income per share – diluted






$






0.01






 






$






(0.01






)






$






0.10






 






$






0.14








 






 






 






 






 






 






 








(Non-GAAP Financial Measures) (1)






 






 






 






 






 






 








EBITDA






$






891






 






$






1,636






 






$






6,183






 






$






9,657








Adjusted EBITDA






$






1,078






 






$






2,087






 






$






7,083






 






$






10,910









(1)







EBITDA and Adjusted EBITDA are commonly used non-GAAP financial measures utilized by management as a supplemental tool to evaluate the underlying operating performance of the Company on an ongoing basis and should be considered together with Heritage Global’s GAAP financial measures. Definitions and disclosures regarding non-GAAP financial information including reconciliations are included at the end of the press release.







Fourth Quarter 2025 Review:



Revenue grew 10% to $11.9 million compared to revenue of $10.8 million in the fourth quarter of 2024.



The Company recorded operating income of $0.8 million for the fourth quarter of 2025, compared to operating income of $1.5 million in the fourth quarter of 2024. Included within the fourth quarter of 2025 was approximately $0.4 million of expenses related to due diligence associated with M&A efforts.



Net income was $0.3 million or $0.01 per diluted share for the fourth quarter of 2025, compared to net loss of $0.2 million or a loss of $0.01 per diluted share in the prior-year quarter. Fourth quarter 2025 net income was impacted by a non-cash tax allowance adjustment of $0.1 million related to expiring net operating loss carryforwards, compared to a non-cash adjustment of $1.3 million in the fourth quarter of 2024.



EBITDA totaled $0.9 million in the fourth quarter of 2025 versus EBITDA of $1.6 million in the fourth quarter of 2024, and Adjusted EBITDA was $1.1 million compared to $2.1 million in the prior-year quarter.



The Company had net working capital of $18.1 million at December 31, 2025 as compared to working capital of $18.5 million at December 31, 2024.



Ross Dove, Chief Executive Officer of Heritage Global commented, “We reported continued solid profitability in 2025, as we capitalized on key opportunities throughout the year with strong execution across our business units. While many companies held off on larger non-essential asset sales during the year given the uncertain economy, we managed to conduct a high volume of transactions throughout the year in both our industrial and financial assets segments and continue to be well positioned to service the needs of our expanding customer base.


“Most notably, we have executed an accretive and synergistic acquisition, securing a significant and defensible cornerstone within our strategic roadmap. As noted, subsequent to the end of the fourth quarter, we announced the acquisition of substantially all of the assets of The Debt Exchange (“DebtX”), a leading full-service commercial and residential real estate loan-sale brokerage and advisory platform. DebtX further strengthens our financial assets division by expanding our presence in the growing secondary loan market. As we move through 2026 and integrate DebtX, we will continue to leverage our core capabilities to drive long-term growth and profitability.”


Fourth Quarter and Year-End Conference Call


Management will host a webcast and conference call today, Thursday, March 12, 2026, at 5:00 p.m. ET to discuss financial results for the fourth quarter and year-end 2025. Analysts and investors may participate via conference call, using the following dial-in information:



1-800-274-8461 (Domestic)



1-203-518-9814 (International)



Conference ID: HGBLQ4



To access the webcast, individuals can use this link. The conference call will also be available in the Investor Relations section of the Company’s website. To listen to a live broadcast, go to the site or click on the webcast link at least 10 minutes prior to the scheduled start time in order to register.


Individuals can click here to add the call details to their calendar.


Replay


A replay of the call will be available approximately three hours after the call ends through March 26, 2026. To access the replay, dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international). The replay pin number is 11161063. A webcast replay can also be accessed on the Investor Relations section of the Company’s website.


About Heritage Global Inc. (“HG”)


Heritage Global Inc. (NASDAQ: HGBL) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.


Definitions and Disclosures Regarding non-GAAP Financial Information


The Company defines EBITDA as net income/loss plus depreciation and amortization, interest and other expense, and provision for income taxes. Adjusted EBITDA reflects EBITDA adjusted further to eliminate the effects of stock-based compensation. Management uses EBITDA and Adjusted EBITDA in assessing the Company’s results, evaluating the Company’s performance and in reaching operating and strategic decisions. Management believes that the presentation of EBITDA and Adjusted EBITDA, when considered together with our GAAP financial statements and the reconciliation to the most directly comparable GAAP financial measure, is useful in providing investors a more complete understanding of the factors and trends affecting the underlying performance of the Company on a historical and ongoing basis. The Company’s use of EBITDA and Adjusted EBITDA is not meant to be, and should not be, considered in isolation or as a substitute for, or superior to, any GAAP financial measure. You should carefully evaluate the financial information, below, which reconciles our GAAP reported net income to EBITDA and Adjusted EBITDA for the periods presented (in thousands).


Forward-Looking Statements


This communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. While the Company believes the forward-looking statements contained in this communication are accurate, these forward-looking statements represent the Company’s beliefs only as of the date of this communication, and there are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, including variability in magnitude and timing of asset liquidation transactions, the collectability of the charged off receivables that secure our loan portfolio, the impact of changes in the U.S. national and global economies, and interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company’s control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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 release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.


-financial tables follow-




HERITAGE GLOBAL INC.








CONDENSED CONSOLIDATED STATEMENTS OF INCOME








(In thousands of US dollars, except share and per share amounts)








(unaudited)











 



 






 






Three Months Ended




December 31,






 






Twelve Months Ended




December 31,








 






 






2025






 






2024






 






2025






 






2024








Revenues:






 






 






 






 






 






 






 






 






 








Services revenue






 






$






7,892






 






 






$






7,080






 






 






$






33,281






 






 






$






32,607






 








Asset sales






 






 






3,963






 






 






 






3,687






 






 






 






17,697






 






 






 






12,754






 








Total revenues






 






 






11,855






 






 






 






10,767






 






 






 






50,978






 






 






 






45,361






 








 






 






 






 






 






 






 






 






 






 








Operating costs and expenses:






 






 






 






 






 






 






 






 






 








Cost of services revenue






 






 






1,855






 






 






 






1,140






 






 






 






7,953






 






 






 






5,805






 








Cost of asset sales






 






 






2,690






 






 






 






2,181






 






 






 






11,993






 






 






 






8,321






 








Selling, general and administrative






 






 






6,330






 






 






 






5,876






 






 






 






24,972






 






 






 






24,266






 








Depreciation and amortization






 






 






116






 






 






 






151






 






 






 






472






 






 






 






591






 








Total operating costs and expenses






 






 






10,991






 






 






 






9,348






 






 






 






45,390






 






 






 






38,983






 








Earnings of equity method investments






 






 






(89






)






 






 






66






 






 






 






123






 






 






 






2,688






 








Operating income






 






 






775






 






 






 






1,485






 






 






 






5,711






 






 






 






9,066






 








Interest income (expense), net






 






 






26






 






 






 






90






 






 






 






134






 






 






 






(93






)








Income before income tax expense






 






 






801






 






 






 






1,575






 






 






 






5,845






 






 






 






8,973






 








Income tax expense






 






 






500






 






 






 






1,778






 






 






 






2,258






 






 






 






3,791






 








Net income






 






$






301






 






 






$






(203






)






 






$






3,587






 






 






$






5,182






 








 






 






 






 






 






 






 






 






 






 








Weighted average common shares outstanding – basic






 






 






34,541,253






 






 






 






35,790,808






 






 






 






34,834,540






 






 






 






36,430,211






 








Weighted average common shares outstanding – diluted






 






 






34,995,510






 






 






 






36,380,745






 






 






 






35,434,939






 






 






 






37,131,115






 








Net income per share – basic






 






$






0.01






 






 






$






(0.01






)






 






$






0.10






 






 






$






0.14









Net income per share – diluted






 






$






0.01






 






 






$






(0.01






)






 






$






0.10








$






0.14










HERITAGE GLOBAL INC.








CONDENSED CONSOLIDATED BALANCE SHEETS








(In thousands of US dollars, except share and per share amounts)









 



 






 






December 31,








 






 






2025






 






2024








ASSETS






 






 






 






 








Current assets:






 






 






 






 








Cash and cash equivalents






 






$






20,522






 






 






$






21,749






 








Accounts receivable, net






 






 






1,857






 






 






 






1,559






 








Current portion of notes receivable, net






 






 






4,528






 






 






 






3,416






 








Inventory – equipment






 






 






5,931






 






 






 






5,348






 








Other current assets






 






 






756






 






 






 






1,056






 








Total current assets






 






 






33,594






 






 






 






33,128






 








Non-current portion of notes receivable, net






 






 






4,893






 






 






 






6,558






 








Equity method investments, net






 






 






21,060






 






 






 






20,892






 








Right-of-use assets






 






 






1,518






 






 






 






2,208






 








Property and equipment, net






 






 






10,884






 






 






 






1,643






 








Intangible assets, net






 






 






3,100






 






 






 






3,362






 








Goodwill






 






 






7,446






 






 






 






7,446






 








Deferred tax assets






 






 






4,402






 






 






 






6,008






 








Other assets






 






 






1,542






 






 






 






64






 








Total assets






 






$






88,439






 






 






$






81,309






 








 






 






 






 






 








LIABILITIES AND STOCKHOLDERS’ EQUITY






 






 






 






 








Current liabilities:






 






 






 






 








Accounts payable and accrued liabilities






 






$






6,487






 






 






$






5,429






 








Payables to sellers






 






 






7,273






 






 






 






7,417






 








Current portion of third party debt






 






 






—






 






 






 






395






 








Current portion of lease liabilities






 






 






829






 






 






 






807






 








Other current liabilities






 






 






948






 






 






 






550






 








Total current liabilities






 






 






15,537






 






 






 






14,598






 








Non-current portion of third party debt






 






 






4,100






 






 






 






—






 








Non-current portion of lease liabilities






 






 






790






 






 






 






1,510






 








Other non-current liabilities






 






 






1,029






 






 






 






—






 








Total liabilities






 






 






21,456






 






 






 






16,108






 








 






 






 






 






 








 






 






 






 






 








 






 






 






 






 








Stockholders’ equity:






 






 






 






 








Preferred stock






 






 






6






 






 






 






6






 








Common stock






 






 






376






 






 






 






374






 








Additional paid-in capital






 






 






296,477






 






 






 






295,657






 








Accumulated deficit






 






 






(224,257






)






 






 






(227,844






)








Treasury stock






 






 






(5,619






)






 






 






(2,992






)








Total stockholders’ equity






 






 






66,983






 






 






 






65,201






 








Total liabilities and stockholders’ equity






 






$






88,439






 






 






$






81,309






 









HERITAGE GLOBAL INC.








Reconciliation of EBITDA and Adjusted EBITDA (Non-GAAP Measures)








(In thousands of US dollars) (unaudited)












 



 






 






Three Months Ended




December 31,






 






Twelve Months Ended




December 31,








 






 






2025






 






2024






 






2025






 






2024








Net income






 






$






301






 






 






$






(203






)






 






$






3,587






 






 






$






5,182






 








Add back:






 






 






 






 






 






 






 






 






 








Depreciation and amortization






 






 






116






 






 






 






151






 






 






 






472






 






 






 






591






 








Interest (income) expense, net






 






 






(26






)






 






 






(90






)






 






 






(134






)






 






 






93






 








Income tax expense (benefit)






 






 






500






 






 






 






1,778






 






 






 






2,258






 






 






 






3,791






 








EBITDA






 






 






891






 






 






 






1,636






 






 






 






6,183






 






 






 






9,657






 








 






 






 






 






 






 






 






 






 






 








Management add back:






 






 






 






 






 






 






 






 






 








Stock based compensation






 






 






187






 






 






 






451






 






 






 






900






 






 






 






1,253






 








Adjusted EBITDA






 






$






1,078






 






 






$






2,087






 






 






$






7,083






 






 






$






10,910






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312681085/en/
Investor Relations Contact:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203/972.9200

InvestorRelations@hginc.com


Original: Heritage Global Inc. Reports Fourth Quarter and Year-End 2025 Results

Heritage Global Partners and Prestige Auctions to Conduct Complete Plant Closure Auction of NOV Dayton Chemineer FacilityFebruary 19, 2026 1:10 PM
Business Wire
Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, in conjunction with Prestige Auctions, today announced it will conduct an online auction of assets from National Oilwell Varco’s (NOV) Dayton facility – formerly known as Dayton Chemineer. The auction will take place Thursday, March 12, 2026, at 11:00 a.m. ET, with assets located in Dayton, Ohio.


The complete plant closure auction includes late-model CNC machining and fabrication systems, inspection and finishing equipment, tolling and plant support assets representing the full production workflow of the facility.


The Dayton Chemineer facility supported manufacturing of industrial mixing and processing equipment for global energy and industrial markets. Available assets are suited for aerospace, energy, heavy equipment, precision fabrication, and general manufacturing applications, reflecting the facility’s diverse production profile.


Auction Highlights Include:



2017 DMG MORI NT6600DCG/4000CS CNC Mill-Turn Center with Long Boring Bar Option



48” x 393” Tacchi HD/3 600 x 10000 CNC Lathe with Live Milling & Y-Axis



Large Capacity Engine Lathes by Monarch and Lang



CNC Horizontal and Vertical Machining Centers



Flow CNC Waterjet and Plasma Cutting Systems



Sinker EDMs, Welding Department, and Finishing Systems including Wheelabrator Rotary Blast Deburr System



Extensive Tooling and Inspection Equipment



Forklifts, Pallet Racking, and Facility Support Items



Interested parties can view the catalog and register to bid Here.


The auction is expected to attract interest from buyers across North America and internationally, reflecting continued demand for high-quality used manufacturing equipment as companies seek cost-effective capacity expansion. Online bidding allows qualified buyers to participate remotely while accessing detailed asset descriptions, photos, and scheduled on-site inspection opportunities.


Pre-auction offers are currently being accepted on select major assets. Equipment inspections will be held Wednesday, March 11, 2026, or by appointment.


“Opportunities to acquire this concentration of large-capacity CNC and fabrication equipment from a single operating facility don’t come around often,” said Tim Shaeffer, Director of Business Development at Heritage Global Partners. “It’s the kind of lineup that works for both expanding shops and buyers looking to upgrade older capacity.”


“Coordinated marketing across established industrial buyer networks is critical in plant closure events of this magnitude,” said Adam Herman, General Counsel of Business Development at Prestige Auctions. “This sale includes a number of world class, late-model machines, including multi-axis large capacity CNC milling and turning equipment. We anticipate strong interest from manufacturers looking to expand their capabilities with high-quality assets.”


About Heritage Global Partners Inc. (“HGP”)


HGP is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospace, Automotive, Aviation, Biotech, Broadcast & Postproduction, Chemical, Electronics Manufacturing, Energy, Food & Beverage, Heavy Construction, Metalworking, Oil & Gas, Pharmaceutical, Plastics, Printing, Real estate, Semiconductor, Solar, Textile & Woodworking, and others. HGP conducts 150-200 auction projects per year, globally.


About Heritage Global Inc. (“HG”)


HG values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.


About Prestige Auctions


Prestige Auctions (Prestige Equipment) is a worldwide leader in the procurement and sales of used metalworking machinery, fabricating equipment and complete manufacturing facilities. Prestige Auctions specializes in custom asset management programs, industrial auctions, private treaty sales, ongoing liquidations and other solutions for manufacturing companies. Founded in 1990, Prestige has a proven track record of providing customized solutions to maximize the value of your industrial assets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260219233494/en/
Tim Shaeffer

Director of Business Development, Heritage Global Partners

410-507-8959

tshaeffer@hginc.com
Adam Herman

General Counsel, VP Business Development, Prestige Auctions

631-249-5566

Adam.Herman@PrestigeEquipment.com
John Nesbett/Jennifer Belodeau

IMS Investor Relations

203-972-9200

InvestorRelations@HGinc.com


Original: Heritage Global Partners and Prestige Auctions to Conduct Complete Plant Closure Auction of NOV Dayton Chemineer Facility