Lithia Motors Q4 revenue up 11% to $7.0B; diluted EPS $9.00 (-6%); credit facility expanded to $4.5B

LITHIA MOTORS INC

2022-FY EPS reported $44.17 revenue$28,187,800,000

Q4 revenue $7.0B (+11% YoY); GAAP diluted EPS $9.00 (-6%); adjusted diluted EPS $9.05 (-21%).
Net income $250M (-15%); adjusted net income $251M (-28%).
Credit facility increased from $3.75B to $4.5B, expandable to $5.5B subject to lender approval.
Board declared $0.42/share dividend payable Mar 24, 2023 to holders of record Mar 10, 2023.
Acquired 9 stores in Q4 expected to add >$560M annualized revenue; repurchased 174k shares at ~$198 avg.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

LITHIA MOTORS INC reported FY 2022 results: revenue $28.2 billion, net income $1.3 billion, EPS $44.17.

Period: FY 2022
Revenue: $28.2 billion
Net income: $1.3 billion
EPS: $44.17
Result: reported results

Exact text from the filing

Full year 2022 revenue increased 24% to a record $28.2 billion from $22.8 billion in 2021. Full year 2022 net income attributable to LAD per diluted share increased 21% to $44.17 from $36.54 for 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

LITHIA MOTORS INC reported Q4 2022 results: revenue $7.0 billion, net income $250 million, EPS $9.00.

Period: Q4 2022
Revenue: $7.0 billion
Net income: $250 million
EPS: $9.00
Result: reported results

Exact text from the filing

Fourth quarter 2022 revenue increased 11% to $7.0 billion from $6.3 billion in the fourth quarter of 2021. Fourth quarter 2022 net income attributable to LAD per diluted share was $9.00, a 6% decrease from $9.57 per diluted share reported in the fourth quarter of 2021.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

LITHIA MOTORS INC filing history →

Source: SEC EDGAR

accession 0001023128-23-000024

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