Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
LUK released their fourth quarter 2017 earnings this afternoon. They reported EPS of $0.48, which beat estimates by $0.01. They reported revenue of $2.94B (+6.9% Y/Y), which beat by $30M.

Here is the press release (opens as .pdf)

https://www.leucadia.com/CMSFiles/Leucadia.com/files/press_r...

Rich Handler, CEO of Leucadia, and Brian Friedman, President of Leucadia, said: "We are pleased with fourth quarter results that bring us to a strong finish for 2017. Our two largest businesses, Jefferies and National Beef, have made remarkable progress. Each delivered record results for the year, generating $528 million and $407 million in pre-tax income, respectively. Additionally, the vast bulk of our other portfolio companies performed well in 2017, either by generating a strong bottom line or, such as is the cases of HRG, Linkem and our energy holdings, by continuing along their paths towards enhanced value creation. We are starting to reap the benefits we originally envisioned in the combination of Leucadia and Jefferies, and have established good momentum toward our long-term goals."

They also released their annual letter to shareholders (again, .pdf):

https://www.leucadia.com/CMSFiles/Leucadia.com/files/c-p_let...

I've not had a chance to read through yet, so a simple post without comment...

Greg
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.