Leucadia National Corp. (LUK) Reports Q1 EPS of $0.25

Leucadia National Corp. (NYSE: LUK) reported Q1 EPS of $0.25, versus $1.08 reported last year. Revenue for the quarter came in at $2.94 billion, versus $2.3 billion reported last year.

Richard Handler, CEO, and Brian Friedman, President, said: "The first quarter is our fourth full quarter of results since the combination of Leucadia and Jefferies. We are pleased to have completed the integration of the team that now works with us to source, review and structure new investments and acquisitions; solidified and expanded our board of directors; monetized historic investments for total proceeds of $2.5 billion (including sales prior to our merger starting July 1, 2012 and including the pending sale of Premier Entertainment Biloxi); raised an aggregate of $2.9 billion of long-term capital at the parent level, Jefferies and two of our associated companies (since January 1, 2013); and invested over $900 million in cash since March 1, 2013 in new and follow-on investments in Harbinger Group, Leucadia Asset Management, Linkem, Garcadia and Juneau Energy. Additionally, the last two quarters reflected strong results for Jefferies, our largest operating business. We currently are actively pursuing merchant banking opportunities to invest our significant capital in a prudent and thoughtful manner, as well as working to continue to build value at our subsidiaries and investee companies."

For earnings history and earnings-related data on Leucadia National Corp. (LUK) click here.

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