Leucadia National Corporation Announces First Quarter 2012 Results

NEW YORK--()--Leucadia National Corporation (NYSE:LUK) today announced its operating results for the three month period ended March 31, 2012. Net income attributable to Leucadia National Corporation common shareholders for the three month periods ended March 31, 2012 and 2011 was $490,877,000 ($1.97 per diluted common share) and $10,507,000 ($.04 per diluted common share).

For more information on the Company’s results of operations for the first quarter of 2012, please see the Company’s Form 10-Q for the three months ended March 31, 2012, which was filed with the Securities and Exchange Commission today.

SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES

(In thousands, except per share amounts)
(Unaudited)

 

 
For the Three Month

Period Ended March 31,

2012

 

2011

 
Revenues and other income $ 2,424,288   $ 284,034  
 
Net securities gains $ 424,936   $ 2,303  
 

Income from continuing operations before income taxes and income (losses) related to associated companies

$ 358,445 $ 79,530
 
Income taxes   133,517     39,053  
 

Income from continuing operations before income (losses) related to associated companies

224,928 40,477
 
Income (losses) related to associated companies, net of taxes   262,539     (28,048 )
 
Income from continuing operations 487,467 12,429
 

Loss from discontinued operations, including gain on disposal, net of taxes

(232 ) (1,643 )
 
Net income 487,235 10,786
 
Net income attributable to the noncontrolling interest (202 ) (279 )
 
Net loss attributable to the redeemable noncontrolling interest   3,844      
 

Net income attributable to Leucadia National Corporation common shareholders

$ 490,877 $ 10,507
 

Basic earnings (loss) per common share attributable to Leucadia National Corporation common shareholders:

Income from continuing operations $ 2.01 $ .05
Loss from discontinued operations, including gain on disposal       (.01 )
Net income $ 2.01   $ .04  
 
Number of shares in calculation   244,583     244,082  
 

Diluted earnings (loss) per common share attributable to Leucadia National Corporation common shareholders:

Income from continuing operations $ 1.97 $ .05
Loss from discontinued operations, including gain on disposal       (.01 )
Net income $ 1.97   $ .04  
 
Number of shares in calculation   248,945     244,620  

Contacts

Leucadia National Corporation
Laura Ulbrandt, 212-460-1900

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Contacts

Leucadia National Corporation
Laura Ulbrandt, 212-460-1900