Lithia Motors (LAD) Misses Q4 EPS by 1c

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Go back to Lithia Motors (LAD) Misses Q4 EPS by 1c

Lithia Reports Record Fourth Quarter and Full Year 2016 Results

February 15, 2017 7:00 AM EST

MEDFORD, OR -- (Marketwired) -- 02/15/17 -- Lithia Motors, Inc. (NYSE: LAD) today reported the highest fourth quarter and full year revenue and earnings per share in company history.

Fourth quarter 2016 net income per diluted share increased 13% to $2.03 from $1.80 for 2015. Adjusted net income per diluted share increased 7% to $1.86 from $1.74 for 2015. Fourth quarter 2016 net income increased 8% to $51.3 million from $47.7 million for 2015. Adjusted net income increased 2% to $46.9 million from $46.1 million for 2015.

As shown in the attached non-GAAP reconciliation tables, the fourth quarter 2016 adjusted results exclude a $0.17 non-core benefit related to an equity investment, an... More