Vector Group (VGR) Tops Q1 EPS by 21c

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Go back to Vector Group (VGR) Tops Q1 EPS by 21c

Vector Group Reports First Quarter 2020 Financial Results

May 8, 2020 6:45 AM EDT

MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE: VGR) today announced financial results for the three months ended March 31, 2020.

GAAP Financial Results

First quarter 2020 revenues were $454.5 million, compared to revenues of $420.9 million for the first quarter of 2019. The Company recorded operating income of $53.3 million for the first quarter of 2020, compared to operating income of $42.6 million for the first quarter of 2019. Net loss attributed to Vector Group Ltd. for the first quarter of 2020 was $3.2 million, or $(0.03) per diluted common share, compared to net income of $15.0 million, or $0.08 per diluted common share, for the first... More