secwatch.observer — SEC 8-K summary
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Issuer:     VECTOR GROUP LTD (—)
CIK:        0000059440
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000059440-24-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59440/000005944024000009/0000059440-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59440/000005944024000009/vgr-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000059440-24-000009

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