Lithia Motors (LAD) Tops Q2 EPS by 3c

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Go back to Lithia Motors (LAD) Tops Q2 EPS by 3c

Lithia Reports Record Second Quarter Results and Increases 2016 Guidance

July 28, 2016 6:55 AM EDT

MEDFORD, OR -- (Marketwired) -- 07/28/16 -- Lithia Motors, Inc. (NYSE: LAD) reported the highest second quarter adjusted net income in company history, an increase of 2% over the prior year period.

2016 second quarter unadjusted net income was $51.4 million, or $2.01 per diluted share, compared to $51.2 million, or $1.93 per diluted share, for the second quarter of 2015. Adjusted net income for the second quarter of 2016 was $50.2 million, or $1.96 per diluted share, compared to 2015 second quarter adjusted net income of $49.4 million, or $1.86 per diluted share.

As shown in the attached non-GAAP reconciliation tables, the 2016 second quarter adjusted... More