- Vector ( NYSE: VGR ) Q2 shows a leap of ~15% to $387.2M, beating consensus by $49.5M.
- Bifurcating: tobacco segment revenues of $374.3M, increased by 13.6% vs. last year, unit volume increase of 16.2%; Liggett’s wholesale and retail market share increases to 5.3% and 5.5% from 4.2% and 4.1% last year.
- Operating income of $90.7M, down $3.2M.
- Adjusted EBITDA from Continuing Operations of $95.1 million, declined by 3.9% or $3.8 million compared to the prior.
- Adjusted EBITDA from continuing operations of $95.1M, declined by 3.9% prior.
- Strong liquidity with cash and cash equivalents of $323.9M and investment securities and long-term investments of $167.9M at June 30, 2022.
- Non-GAAP EPS of $0.25 misses consensus by $0.10.
- Contributor writes: ' Vector Group: Big Dividend Yield With Growth Potential '
- Stock has declined about 6% after results.
- Sell-side rating of Strong Buy for the stock with a price target $14.5
- Previously (Aug. 4): Vector Non-GAAP EPS of $0.25 misses by $0.10, revenue of $387.2M beats by $49.5M
For further details see:
Vector slides 6% after Q2 bottom line misses estimates