Vector Group (VGR) Reports Q1 EPS of $0.19

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Go back to Vector Group (VGR) Reports Q1 EPS of $0.19

Vector Group Reports First Quarter 2015 Financial Results

April 29, 2015 4:15 PM EDT

MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE: VGR) today announced financial results for the three months ended March 31, 2015.

GAAP Financial Results

First quarter 2015 revenues were $360.8 million, compared to revenues of $347.2 million in the first quarter of 2014. The increase in revenues in 2015 was primarily due to an increase of revenues at Douglas Elliman Realty, LLC. The Company recorded operating income of $44.0 million in the first quarter of 2015, compared to operating income of $42.7 million in the first quarter of 2014. Net income attributed to Vector Group Ltd. for the 2015 first quarter was $21.0... More