Vector Group Ltd (N:VGR)
Business Focus: Tobacco
| Sector: Consumer Non-Cyclicals | Industry: Tobacco |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4400 Biscayne Boulevard, 10th Floor MIAMI FL 33137 |
| Tel: | N/A |
| Website: | https://www.vectorgroupltd.com |
| IR: | See website |
| Key People | ||
| Howard M. Lorber President, Chief Executive Officer, Director | J. Bryant Kirkland Chief Financial Officer, Senior Vice President, Treasurer | Nicholas P. Anson President and Chief Operating Officer of Liggett and Liggett Vector Brands |
| Richard J. Lampen Chief Operating Officer, Executive Vice President, Director | J. David Ballard Senior Vice President - Enterprise Efficiency, Chief Technology Officer | Marc N. Bell Senior Vice President, General Counsel, Secretary |
| Business Overview |
| Vector Group Ltd. is a holding company for Liggett Group LLC, Vector Tobacco LLC, and New Valley LLC. The Company operates through two segments: Tobacco and Real Estate. Tobacco segment is engaged in the manufacture and sale of discount cigarettes in the United States through its Liggett Group LLC and Vector Tobacco LLC subsidiaries. Liggett Group LLC manufactures and markets approximately 100 different cigarette brand styles. Liggetts Group LLC's brand portfolio includes Montego, Eagle 20's, Pyramid and Grand Prix, Liggett Select, Eve, USA and various partner brands and private label brands. Real Estate segment is engaged in the real estate investment business through its subsidiary, New Valley LLC, which acquires and invests in real estate properties or projects. It invests in numerous real estate projects in different asset classes, including planned communities, condominium and mixed-use developments, apartment buildings, hotels and commercial properties. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Vector Group Ltd revenues decreased 1% to $1.42B. Net income applicable to common stockholders increased 16% to $178.5M. Revenues reflect Real Estate segment decrease from $15.9M to $0K. Dividend per share remained flat at $0.80. Basic Earnings per Share excluding Extraordinary Items increased from $1.01 to $1.17. |
| Employees: | 551 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,539M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,424M as of Mar 31, 2024 |
| EBITDA (TTM): | $354.51M as of Mar 31, 2024 |
| Net annual income (TTM): | $178.52M as of Mar 31, 2024 |
| Free cash flow (TTM): | $73.20M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $992.28M as of Mar 31, 2024 |
| Shares outstanding: | 157,419,093 as of Apr 26, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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