Vector Group reports Q4 adjusted EPS 31c vs 26c last year

Reports Q4 revenue $363.770M vs $313.673M last year. "Vector Group delivered record revenues in 2022 by capitalizing on opportunities to substantially increase our market share, thus driving value for stockholders," said Howard M. Lorber, President and Chief Executive Officer of Vector Group Ltd. "The 11% increase in our Tobacco segment’s operating income in the fourth quarter reflects the recent and ongoing transition of our Montego brand strategy from volume-based to income-based. In 2023, we will continue to focus on optimizing long-term profit by effectively managing our volume, pricing, and market share."