Vector Group (VGR) Tops Q3 EPS by 12c

Vector Group (NYSE: VGR) reported Q3 EPS of $0.23, $0.12 better than the analyst estimate of $0.11. Revenue for the quarter came in at $504 million versus the consensus estimate of $526.5 million.

Three months ended September 30, 2019 compared to the three months ended September 30, 2018

• Third quarter of 2019 Adjusted EBITDA attributed to Vector Group (as described in Table 2 attached hereto) were $73.7 million, compared to $73.4 million for the third quarter of 2018.
• Adjusted Net Income (as described in Table 3 attached hereto) was $36.2 million, or $0.23 per diluted share, for the third quarter of 2019, and $23.1 million, or $0.15 per diluted share, for the third quarter of 2018.
• Adjusted Operating Income (as described in Table 4 attached hereto) was $67.0 million for the third quarter of 2019, compared to $66.4 million for the third quarter of 2018.
• Nine months ended September 30, 2019 compared to the nine months ended September 30, 2018
• Adjusted EBITDA attributed to Vector Group Ltd. (as described in Table 2 attached hereto) were $206.9 million for the nine months ended September 30, 2019, compared to $191.4 million for the nine months ended September 30, 2018.
• Adjusted Net Income (as described in Table 3 attached hereto) was $92.3 million, or $0.59 per diluted share, for the nine months ended September 30, 2019, and $56.5 million, or $0.35 per diluted share, for the nine months ended September 30, 2018.
• Adjusted Operating Income (as described in Table 4 attached hereto) was $186.4 million for the nine months ended September 30, 2019, compared to $168.9 million for the nine months ended September 30, 2018.

For earnings history and earnings-related data on Vector Group (VGR) click here.

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