Lithia Motors (LAD) Tops Q1 EPS by 1c

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Go back to Lithia Motors (LAD) Tops Q1 EPS by 1c

Lithia Reports Adjusted EPS of $1.55 for First Quarter 2016

April 21, 2016 6:59 AM EDT

MEDFORD, OR -- (Marketwired) -- 04/21/16 -- Lithia Motors, Inc. (NYSE: LAD) reported the highest first quarter adjusted net income in company history and increased adjusted net income 9% for the first quarter 2016 over the prior year period. 2016 first quarter adjusted net income was $40.4 million, or $1.55 per diluted share, compared to 2015 first quarter adjusted net income of $36.9 million, or $1.39 per diluted share.

Unadjusted net income for the first quarter 2016 was $40.3 million, or $1.55 per diluted share, compared to $40.7 million, or $1.53 per diluted share, for the first quarter of 2015. As shown in the attached non-GAAP reconciliation tables,... More