Lithia Motors (LAD) Misses Q3 EPS by 11c; Names New CFO

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Go back to Lithia Motors (LAD) Misses Q3 EPS by 11c; Names New CFO

Lithia Reports Record Third Quarter Results

October 20, 2016 6:59 AM EDT

MEDFORD, OR -- (Marketwired) -- 10/20/16 -- Lithia Motors, Inc. (NYSE: LAD) today reported the highest third quarter revenue and earnings per share in company history.

2016 third quarter unadjusted net income was $54.0 million, or $2.14 per diluted share, compared to $43.4 million, or $1.64 per diluted share, for the third quarter of 2015. Adjusted net income for the third quarter of 2016 was $52.0 million, or $2.06 per diluted share, compared to 2015 third quarter adjusted net income of $53.6 million, or $2.03 per diluted share.

As shown in the attached non-GAAP reconciliation tables, the 2016 third quarter adjusted results exclude a non-core benefit of... More