SOREDI Member, Lithia Motors Highest Full Year Earnings in Company History

Join us in congratulating Medford’s own Lithia Motors, Inc. (LAD), for reporting the highest full year revenue and earnings per share in company history, on Feb. 13.

Fourth quarter 2018 revenue increased 10% to a record $3.0 billion from $2.7 billion in the fourth quarter of 2017.

Fourth quarter 2018 net income per diluted share was $2.54. Fourth quarter 2017 results, which included a $1.31 per diluted share benefit related to the adoption of the Tax Cuts and Jobs Act, was $3.56 per diluted share. Adjusted fourth quarter 2018 net income per diluted share was $2.57, a 20% increase compared to adjusted net income of $2.15 per diluted share in the same period of 2017. Fourth quarter 2018 net income was $60 million. Fourth quarter 2017 results, which included a $33 million benefit related to the adoption of the Tax Cuts and Jobs Act, was $89 million. Adjusted fourth quarter 2018 net income was $61 million, a 12% increase compared to adjusted net income of $54 million for the same period of 2017. Read the full story here.