Vector Group Ltd.(VGR) reported fourth-quarter net income of $16.5 million, or $0.14 per share, compared to $7.8 million, or $0.09 per share in the comparable quarter last year.
The latest-quarter results included a pre-tax gain related to changes in the fair value of derivatives embedded within convertible debt of $13.5 million.
Adjusted net income for the latest-quarter was $7.8 million or $0.09 per share, compared to$11.1 million or $0.13 per share last year.
Revenues for the latest fourth quarter were $277.56 million, compared to $292.83 million in the previous year quarter. The decline in revenues in 2012 was primarily due to decreased unit sales of approximately 8.6% in the 2012 period compared to the 2011 period, which was partially offset by higher pricing.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.