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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.47B | 4.7% |
| Gross Profit | -29M | 142.6% |
| Cost of Revenue | 4.5B | 7% |
| Operating expense | 930M | 3.9% |
| Net Income | 401M | 8.7% |
| EBITDA | 276M | 344.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 83.6B | 3.2% |
| Total Liabilities | 65.4B | 2.4% |
| Total Equity | 17.4B | 5.9% |
| Shares Outstanding | 220M | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 934M | 1.9% |
| Cash from investing | -740M | 196% |
| Cash from financing | -122M | 84.5% |
EPS
Financial Highlights for Loews Corporation in Q3 '24
Loews Corporation reported a revenue of 4.47B, which is a 4.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -29M, marking a -142.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.5B, a 7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 930M, showing a -3.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 401M, showing a 8.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 276M, showing a 344.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Loews Corporation faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
