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Last $70.86 USD
Change Today +0.59 / 0.84%
Volume 4.2M
As of 6:40 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

lorillard inc (LO) Snapshot

Open
$70.30
Previous Close
$70.27
Day High
$70.91
Day Low
$70.13
52 Week High
04/27/15 - $71.54
52 Week Low
05/13/14 - $55.00
Market Cap
25.5B
Average Volume 10 Days
5.6M
EPS TTM
$3.44
Shares Outstanding
360.3M
EX-Date
02/26/15
P/E TM
20.6x
Dividend
$2.64
Dividend Yield
3.54%
Current Stock Chart for LORILLARD INC (LO)

lorillard inc (LO) Details

Lorillard, Inc., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through two segments, Cigarettes and Electronic Cigarettes. The Cigarettes segment offers various cigarettes that include approximately 45 product offerings under various brand names, such as Newport, Kent, True, Maverick, and Old Gold. The Electronic Cigarettes segment researches, develops, manufactures, distributes, markets, advertises, and sells electronic cigarettes under the blu eCigs and SKYCIG brand names. The company sells its products primarily to wholesale distributors that services retail outlets, chain store organizations, and government agencies, as well as directly to adult consumers through the Internet. Lorillard, Inc. was founded in 1760 and is headquartered in Greensboro, North Carolina.

2,900 Employees
Last Reported Date: 04/21/15
Founded in 1760

lorillard inc (LO) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $944.8K
Executive Vice President of Legal & External ...
Total Annual Compensation: $692.1K
Executive Vice President of Production Operat...
Total Annual Compensation: $683.6K
Executive Vice President of Marketing & Sales
Total Annual Compensation: $718.9K
Compensation as of Fiscal Year 2014.

lorillard inc (LO) Key Developments

Lorillard, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Lorillard, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $1,668 million against $1,592 million last year. Operating income was $487 million against $472 million last year. Income before income taxes was $443 million against $435 million last year. Net income was $275 million or $0.76 per basic and diluted share against $271 million or $0.74 per diluted share last year. Adjusted operating income was $518 million against $447 million last year. Adjusted net income was $296 million against $252 million last year. Adjusted diluted earnings per share were $0.82 against $0.69 in the same period last year. Adjusted diluted earnings per share increased in the first quarter of 2015, due to the strong operating performance in the Cigarettes segment and the impact of share repurchases in prior quarters. Net sales increased due to a 6.4% increase in net sales of cigarettes, partially offset by a decrease in net sales of electronic cigarettes.

Reynolds American, Philip Morris, Lorillard Agree to Pay $100 Million to Settle Florida Federal Court Lawsuits

Reynolds American (RAI), Philip Morris (PM) and Lorillard (LO) have agreed to collectively pay $100 million to resolve nearly all cases related to hundreds of smoking and health-related lawsuits that are pending but not yet tried in Florida federal courts. Under the terms of the accord, Reynolds American's RJ Reynolds unit will pay $42.5 million, Philip Morris will pay $42.5 million and Lorillard will pay $15 million. These individual smoking and health cases arose out of the so-called Engle class action in Florida. The agreement only covers cases pending in federal court and does not apply to the cases pending against the tobacco companies in the state courts across Florida.

Lorillard Enters into Agreement to Resolve Federal Engle Progeny Cases

Lorillard, Inc. announced that its Lorillard Tobacco Company subsidiary, along with other cigarette manufacturers, have entered into a tentative agreement to resolve pending Engle progeny lawsuits in U.S. federal courts. Under the terms of the tentative agreement, Lorillard will not be subject to any further legal proceedings pertaining to these Engle progeny cases currently pending against the company in the federal district courts. Federal Engle progeny cases currently in trial or previously concluded, along with Engle progeny cases pending in Florida state courts, are not part of the tentative agreement. Lorillard will pay $15 million to resolve the federal cases and expects to record a charge in the first quarter of 2015 in connection with the agreement. Engle progeny cases arose from a 1994 class action case on behalf of Florida residents, and survivors of Florida residents, who were injured or died from medical conditions allegedly caused by addiction to smoking. The class was later decertified by the Florida Supreme Court; however, the court permitted members of the Engle class to file individual claims, including claims for punitive damages. Lorillard, Inc. and Lorillard Tobacco Company have been named as defendants in cases in both state and federal courts in Florida that were filed by members of the Engle class. These resulting Engle cases are commonly referred to as Engle progeny cases. The tentative agreement is subject to final approval and will not become final unless all plaintiffs agree to participate or the parties reach an alternative agreement. Until such final approval or other final resolution is reached, all trials against Lorillard Tobacco and the other manufacturers in federal courts are stayed pending final approval of the agreement.

 

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Industry Analysis

LO

Industry Average

Valuation LO Industry Range
Price/Earnings 21.3x
Price/Sales 4.9x
Price/Book NM Not Meaningful
Price/Cash Flow 21.1x
TEV/Sales 3.8x
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