$L (Loews Corporation)

$L {{ '2015-08-03T16:37:35+0000' | timeago}} • Webcast

$L 2Q15 Call: Loews reported income from continuing operations of $170MM or $0.46 per share, down from $303MM or $0.79 in the second quarter of 2014. Lower earnings at CNA financial drove the decline as well as reduced earnings from the parent company’s investment portfolio. Unusual items affected the YoverY earnings’ comparison at CNA.

$L {{ '2017-10-30T15:09:23+0000' | timeago}} • Infographic

$L Loews Corp. Earnings AlphaGraphic: Q3 2017 Highlights

$L {{ '2017-10-30T11:13:46+0000' | timeago}} • Announcement

Insurance firm $L reported a 52% fall in 3Q17 profit, owing to higher operating expenses, mainly related to its CNA Financial and Diamond Offshore units. Earnings per share dropped to $0.46 from $0.97 last year, despite revenue growing 7% to $3.5Bil. Excluding special items, profit rose $25MM YoY, helped by strong contribution from core operations.

$L {{ '2017-08-08T15:37:54+0000' | timeago}} • Announcement

$L has declared a quarterly dividend of $0.0625 per share on its common stock. The dividend is payable on September 12, 2017, to shareholders of on August 30, 2017.

$L {{ '2017-07-31T17:14:50+0000' | timeago}} • Infographic

$L Loews Corporation Earnings AlphaGraphics: Q2 2017 Highlights

$L {{ '2017-07-31T11:12:17+0000' | timeago}} • Announcement

For $L, the book value per share increased to $55.90 at June 30, 2017 from $53.96 at December 31, 2016. For 2Q17, net investment gains were $26MM, up from $2MM a year ago, and CNA Financial posted a net income of $244MM on a revenue of $2.37Bil.

$L {{ '2017-07-31T11:07:57+0000' | timeago}} • Announcement

$L reported net income of $231MM or $0.69 per share for 2Q17, compared to a net loss of $65MM or $0.19 per share in the prior year period. Revenue marginally rose to $3.36Bil from $3.31Bil a year ago.

$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.

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