$L (Loews Corporation)

$L {{ '2016-05-25T15:15:51+0000' | timeago}} • SEC

$L's net income from Diamond Offshore Drilling for 1Q16 increased by $169MM from last year. This increase was primarily due to the prior year impact of a $158MM asset impairment charge (after tax and noncontrolling interests) related to the carrying value of eight drilling rigs and lower depreciation expense.

$L {{ '2017-05-22T14:52:02+0000' | timeago}} • Announcement

$L closed its acquisition of Consolidated Container Co. (CCC), a rigid plastic packaging manufacturer based in Atlanta, GA. The $1.2Bil acquisition was funded with about 50% cash-on-hand and 50% debt at CCC.

$L {{ '2017-05-09T14:17:51+0000' | timeago}} • Announcement

$L's BoD declared a quarterly dividend of $0.0625 per share of common stock. The dividend is payable on June 13, 2017 to shareholders of record on May 31, 2017.

$L {{ '2017-05-01T15:44:40+0000' | timeago}} • Webcast

$L stated that the improvement in the trading gains in 1Q17 was due to the strength of the stock market. The results were related to the stock market and gold prices, the company said.

$L {{ '2017-05-01T15:41:53+0000' | timeago}} • Webcast

$L foresees nearly a double digit cash on cash return in the first year from the acquisition of Consolidated Container Co. (CCC). In April 2017, the company entered into packaging business by acquiring CCC in a deal valued at $1.2Bil. The company added that this deal has not impacted the buyback in 1Q17.

$L {{ '2017-05-01T13:09:48+0000' | timeago}} • Infographic

$L Loews Corporation Earnings AlphaGraphics: Q1 2017 Highlights

$L {{ '2017-05-01T11:15:27+0000' | timeago}} • Announcement

In 1Q17, $L recorded net investment gains of $20MM vs. losses of $17MM a year ago. Income generated by the parent company investment portfolio improved to $38MM from a loss of $8MM, helped by limited partnership investments and equities. Book value per share rose to $54.91 at Mar. 31, 2017, from $53.96 at Dec. 31, 2016.

$L {{ '2017-05-01T11:10:25+0000' | timeago}} • Announcement

$L's revenue inched 4% up to $3.6Bil in 1Q17, as the New York-based conglomerate's net attributable income almost tripled to $295MM from last year's $102MM. Earnings jumped to $0.87 per diluted share from last year's $0.30 a share, helped by higher earnings from its units and higher income from its investment portfolio.

$L {{ '2017-04-11T12:56:47+0000' | timeago}} • Announcement

$L acquired Consolidated Container Company (CCC), a leading rigid plastic packaging manufacturer, from Bain Capital Private Equity for approx. $1.2Bil. CCC will be a part of a newly-created segment called Loews Packaging Group. The transaction is expected to close in 2Q17, and will be funded with approx. 50% cash-on-hand and 50% debt at CCC.

$L {{ '2017-02-14T16:50:46+0000' | timeago}} • Announcement

$L BoD declared quarterly dividend of $0.0625 per share of Common Stock, payable March 14, 2017 to shareholders of record on March 1, 2017.

$L {{ '2017-02-06T12:13:46+0000' | timeago}} • Announcement

On a segment basis, $L's revenue from CNA Financial for 4Q16 rose 5.77% to $2.4Bil from $2.26Bil a year ago, while Diamond Offshore revenue fell 30.48% to $390MM from $561MM. Revenue from Boardwalk Pipeline rose 7.9% to $355MM from $329MM in the year ago quarter, while revenue from Loews Hotels grew 1.31% to $154MM.

$L {{ '2017-02-06T12:09:46+0000' | timeago}} • Announcement

Commercial property and casualty insurance company $L posted a net income for 4Q16 as compared to a net loss for the year ago quarter. Net income attributable to the company was $268MM or $0.79 per share vs. a net loss of $201MM or $0.58 per share a year ago. Revenue for the quarter rose marginally by 0.15% to $3.34Bil from $3.33Bil in 4Q15.

$L {{ '2016-11-08T15:22:18+0000' | timeago}} • Announcement

$L's BoD declared quarterly dividend of $0.0625 per common share. The dividend is payable on Dec. 13, 2016 to shareholders of record on Nov. 30, 2016.

$L {{ '2016-10-31T16:09:56+0000' | timeago}} • Webcast

$L said that on capital allocation, especially buying business, the benchmark the company uses is if acquisition would be accretive in the intermediate to long-term. The company added that it also generally looks for business that are based in the US, that could have international operations.

$L {{ '2016-10-31T15:59:35+0000' | timeago}} • Webcast

$L commented the company doesn't feel the need to be invested in energy. The company added that it has significant investments in energy, as indicated by its shares of Diamond and Boardwalk. $L doesn't feel it needs to add to its investments in energy.

$L {{ '2016-10-31T15:33:10+0000' | timeago}} • Webcast

$L said the company expects to see an uptick in inquiries for offshore drilling rigs over the next several quarters. The company's subsidiary, Diamond Offshore's 3Q16 contract drilling revenue fell 43% YoverY, while earnings dropped to $14MM from $136MM from a year ago. Diamond's contribution to $L fell $40MM to $7MM from $47MM in 3Q15.

$L {{ '2016-10-31T12:41:23+0000' | timeago}} • Announcement

$L's revenue from CNA Financial for 3Q16 rose 8.39% to $2.38Bil from $2.20Bil a year ago, while Diamond Offshore revenue fell 42.4% to $350MM from $608MM. Revenue from Boardwalk Pipeline rose 3.37% to $306MM from $296MM in the year ago quarter, while revenue from Loews Hotels grew 10.27% to $161MM.

$L {{ '2016-10-31T12:37:26+0000' | timeago}} • Announcement

Commercial property and casualty insurance company $L posted higher 3Q16 earnings, helped by higher revenue. Net income for the quarter rose 79.67% to $327MM or $0.97 per share from $182MM or $0.50 per share a year ago. Revenue for the quarter rose 3.72% to $3.28Bil from $3.16Bil in 3Q15.

$L {{ '2016-08-09T16:23:41+0000' | timeago}} • Announcement

$L said its BoD declared quarterly dividend of $0.0625 per share of common stock. The dividend is payable on Sept. 13, 2016 to shareholders of record on Aug. 31, 2016.

$L {{ '2016-08-01T17:39:58+0000' | timeago}} • Infographic

$L Loews Corporation Earnings Infographic: Q2 2016 highlights

$L {{ '2016-08-01T16:17:45+0000' | timeago}} • Webcast

Bob Glasspiegel of Janney Montgomery asks about investment income. $L said in 2Q16, it saw benefits from its gold investments as opposed to the past quarters and the investment income in this quarter is primarily attributable to the company's gold investments.

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