Business
Lithia & Driveway (LAD) Reports Record First Quarter Revenue of $9.2 billion, Achieves 35% Increase in Diluted Earnings Per Share, 25% Increase in Adjusted Diluted Earnings Per Share
Lithia & Driveway (NYSE: LAD) today reported the highest first quarter revenue in company history, and a 35% increase in diluted earnings per share compared to the same period in 2024.
About this update from Lithia Motors, Inc.
[{"type":"text","content":"Announces Increased Dividend of $0.55 per Share for First Quarter","length":65,"tagName":"p","attribs":{}},{"type":"text","content":"MEDFORD, Ore., April 23, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest first quarter revenue in company history, and a 35% increase in diluted earnings per share compared to the same period in 2024.","length":234,"tagName":"p"},{"type":"image","alt":"Lithia & Driveway (PRNewsfoto/Lithia Motors, Inc.)","displaySize":"","headline":null,"caption":"Lithia & Driveway (PRNewsfoto/Lithia Motors, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/5fec3b1e3315ba18368ea5a2e28479ff"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/BrOribzp8jWfDu69E_KZjg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5fec3b1e3315ba18368ea5a2e28479ff","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/1476804/Lithia_Driveway_Combo_FINAL_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First quarter 2025 revenue increased 7% to $9.2 billion from $8.6 billion in the first quarter of 2024.","length":108,"tagName":"p"},{"type":"text","content":"First quarter 2025 diluted earnings per share attributable to LAD was $7.94, a 35% increase from $5.89 per share reported in the first quarter of 2024. First quarter 2025 adjusted diluted earnings per share attributable to LAD was $7.66, a 25% increase compared to $6.11 per share in the same period of 2024. Unrealized losses on our investment in Pinewood Technologies Group PLC decreased diluted earnings per share by $0.27.","length":431,"tagName":"p"},{"type":"text","content":"First quarter 2025 net income was $211 million, a 28.0% increase compared to net income of $165 million in the same period of 2024. Adjusted first quarter 2025 net income was $204 million, a 20% increase compared to adjusted net income of $171 million for the same period of 2024.","length":285,"tagName":"p"},{"type":"text","content":"As shown in the attached non-GAAP reconciliation tables, the 2025 first quarter adjusted results exclude a $0.28 per diluted share impact resulting from non-core items, including a net gain on the disposal of stores and tax attributes, partially offset ...