Lithia Motors (LAD) Declares $0.20 Quarterly Dividend; 0.7% Yield

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Go back to Lithia Motors (LAD) Declares $0.20 Quarterly Dividend; 0.7% Yield

Lithia Reports Adjusted EPS of $1.86 for Second Quarter of 2015; Revenues Increase 63%

July 22, 2015 7:29 AM EDT

MEDFORD, OR -- (Marketwired) -- 07/22/15 -- Lithia Motors, Inc. (NYSE: LAD) reported adjusted net income of $49.4 million for the second quarter of 2015, the highest quarterly net income in company history and a 40% increase over the prior year period.

2015 second quarter adjusted net income was $1.86 per diluted share. This compares to 2014 second quarter adjusted net income from continuing operations of $35.2 million, or $1.34 per diluted share.

Unadjusted net income from continuing operations for the second quarter of 2015 was $51.2 million, or $1.93 per diluted share, compared to $35.2 million, or $1.34 per diluted share, for the second quarter of... More