Filing Flows › Loews (L) › Q1 2025
Loews (L) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Loews (L) reported revenue of $4.5B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -1% from the quarter before. Operating margin was 11.4%, net earnings $370M (8.2% of revenue).
Loews, Q1 2025: revenue $4.5B (+6% year over year), operating margin 11.4%, net earnings $370M, operating cash flow $736M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | -1% | +6% |
| Operating profit | $514M | +173% | -18% |
| Net earnings | $370M | +98% | -19% |
| Operating cash flow | $736M | -22% | +272% |
| Free cash flow | $638M | -17% | 16× |
What changed
Revenue was $4.5B in Q1 2025, up 6% year over year and down 1% from the previous quarter.
Operating profit was $0.51B, a 11.4% margin (down 3.4 points year over year). Operating profit fell $0.12B even though revenue rose $0.26B versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 6%. Net earnings were $0.37B, down 19% year over year. The effective tax rate was 23.7%.
Operating cash flow was $0.74B (up 272% year over year), 188% of net income including minority interests. Working capital and other items added $0.34B. Capital expenditures of $0.10B left free cash flow of $0.64B.
Questions
What was Loews' revenue in the first quarter 2025?
Loews (L) reported revenue of $4.5B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -1% from the quarter before.
Was Loews profitable in the first quarter 2025?
Operating profit was $514M (11.4% of revenue) and net earnings $370M.
Source: Loews 10-Q on SEC EDGAR.