Loews Clocks Strong Q2 Performance, CEO James Tisch To Retire, Benjamin Tisch Named Successor
Loews Clocks Strong Q2 Performance, CEO James Tisch To Retire, Benjamin Tisch Named Successor
CNA's net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.Loews Corp (NYSE:L) reported second-quarter 2024 net income of $369 million, up 2.5% year-over-year. EPS was $1.67, up from $1.58 year-ago.
洛伊斯公司（纽约证券交易所代码：L）公布的2024年第二季度净收入为3.69亿美元，同比增长2.5％。每股收益为1.67美元，高于去年同期的1.58美元。
Revenues grew to $4.27 billion from $3.39 billion a year ago.
收入从去年同期的33.9亿美元增长到42.7亿美元。
CNA Financial Corp (NYSE:CAN) revenue contribution increased to $3.52 billion from $3.30 billion a year ago, and net income rose to $291 million from $255 million a year ago.
CNA金融公司（纽约证券交易所代码：CAN）的收入贡献从去年同期的33.0亿美元增加到35.2亿美元，净收入从去年同期的2.55亿美元增至2.91亿美元。
CNA's net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.
由于净投资收入的增加被灾难损失的增加部分抵消，CNA归因于洛伊斯的净收入同比增长。
Boardwalk Pipelines segment's revenues rose to $488 million from $365 million in the year-ago quarter, and net income rose to $70 million from $57 million the prior year.
Boardwalk Pipelines板块的收入从去年同期的3.65亿美元增至4.88亿美元，净收入从去年的5700万美元增至7,000万美元。
Boardwalk Pipelines' results improved year-over-year due to higher re-contracting rates and new growth projects.
由于更高的再承包率和新的增长项目，Boardwalk Pipelines的业绩同比有所改善。
"Loews had another good quarter driven by strong results at CNA and Boardwalk. CNA continued to experience profitable growth while Boardwalk capitalized on strong fundamentals in the natural gas pipeline business," commented James S. Tisch, President and CEO.
“在CNA和Boardwalk的强劲业绩的推动下，洛伊斯又迎来了一个不错的季度。CNA继续实现盈利增长，而Boardwalk则利用了天然气管道业务的强劲基本面。” 总裁兼首席执行官詹姆斯·蒂施评论道。
Loews Hotels' revenues declined to $251 million from $254 million a year ago, and net income fell to $35 million from $74 million a year ago. The decline was due to lower joint venture income and higher expenses from the new Loews Arlington Hotel despite a $36 million acquisition gain.
洛伊斯酒店的收入从去年同期的2.54亿美元下降至2.51亿美元，净收入从去年同期的7400万美元降至3500万美元。下降是由于尽管收购收益为3,600万美元，但合资企业收入减少以及新洛伊斯阿灵顿酒店的支出增加。
As of June 30, 2024, the company had $3.1 billion in cash and investments and $1.8 billion in debt.
截至2024年6月30日，该公司拥有31亿美元的现金和投资以及18亿美元的债务。
Loews repurchased 2.4 million shares for $180 million in Q2 and an additional 0.2 million shares for $14 million in Q3. As of June 30, 2024, there were 219.7 million shares outstanding.
洛伊斯在第二季度以1.8亿美元的价格回购了240万股股票，并在第三季度以1400万美元的价格回购了另外20万股股票。截至2024年6月30日，共有21970万股已发行股票。
Additionally, Lowes announced the retirement of James Tisch as President & CEO as of December 31, 2024; Benjamin Tisch was elected as successor. James Tisch will become chairman of the board, and Benjamin and Alexander Tisch will join the board. Andrew and Jonathan Tisch will transition to Directors Emeriti.
此外，洛斯宣布詹姆斯·蒂施从2024年12月31日起退出总裁兼首席执行官的职务；本杰明·蒂施当选为继任者。詹姆斯·蒂施将出任董事会主席，本杰明和亚历山大·蒂施将加入董事会。安德鲁和乔纳森·蒂施将转任名誉董事。
Price Action: L shares were trading higher by 6.13% at $85.00 premarket at the last check on Monday.
价格走势：周一最后一次支票时，L股盘前交易价格上涨6.13％，至85.00美元。
Image via Unsplash
图片来自 Unsplash
