Vector Group Q1 2024 revenue $324.6M (-2.9%); op income $77.8M (+4.7%)

VECTOR GROUP LTD

2024-Q1 EPS reported $0.22 revenue$324,567,000

Net income $34.8M ($0.22 diluted EPS), flat YoY.
Tobacco segment operating income $83.0M, up 5.6% YoY driven by Montego brand transition.
Montego wholesale market share rose to 3.9% from 3.3%; retail share rose to 4.0% from 3.4%.
Consolidated revenues down $9.6M vs Q1 2023; tobacco segment revenues $324.6M.
Adjusted EBITDA $82.8M, up 6.0% vs prior year period.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VECTOR GROUP LTD reported for the three months ended March 31, 2024 results: revenue $324.6 million, net income $34.8 million, or $0.22 per diluted common share, EPS $0.22 per diluted common share.

Period: for the three months ended March 31, 2024
Revenue: $324.6 million
Net income: $34.8 million, or $0.22 per diluted common share
EPS: $0.22 per diluted common share
Result: reported results

Exact text from the filing

VECTOR GROUP REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Continued Strong Earnings Growth in Tobacco Segment First Quarter 2024 Highlights: • Consolidated revenues of $324.6 million, down 2.9% or $9.6 million compared to the prior year period. • Tobacco segment revenues of $324.6 million, down 2.9% or $9.6 million compared to the prior year period. • Tobacco

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Source: SEC EDGAR

accession 0000059440-24-000009

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