Vector Group (VGR) Reports In-Line Q1 EPS
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Vector Group Reports First Quarter 2016 Financial Results
April 28, 2016 4:10 PM EDTMIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE: VGR) today announced financial results for the three months ended March 31, 2016.
GAAP Financial Results
First quarter 2016 revenues were $380.8 million, compared to revenues of $360.8 million in the first quarter of 2015. The Company recorded operating income of $62.2 million in the first quarter of 2016, compared to operating income of $43.7 million in the first quarter of 2015. Net income attributed to Vector Group Ltd. for the 2016 first quarter was $19.3 million, or $0.16 per diluted common share, compared to net income of $21.2 million, or $0.18 per diluted common share, in the 2015 first quarter.
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