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0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate NEWS NOW Our View: Getting a handle on Medford's mean streets ... Since You Asked: State doesn't enforce self-service fuel law on reservations ... Co-owner of historic Butte Creek Mill remembered for her generous spirit ... Our View: Getting a handle on Medford's mean streets ... Since You Asked: State doesn't enforce self-service fuel law on reservations ... Co-owner of historic Butte Creek Mill remembered for her generous spirit ... AUTO RETAILING Lithia Motors reports second-best quarter ever Medford company nets $36.9 million for first three months of 2015 Comment By Greg Stiles Mail Tribune MailTribune.com By Greg Stiles Mail Tribune Posted Apr. 22, 2015 at 7:18 AM By Greg Stiles Mail Tribune Posted Apr. 22, 2015 at 7:18 AM » Social News Lithia Motors reported its best first-quarter adjusted profit ever, and adjusted net income jumped 36 percent from continuing operations a year earlier. First quarter 2015 revenue from continuing operations increased $711 million, or 66 percent, to $1.8 billion from $1.1 billion for the first quarter of 2014. It was the second-best overall quarter performance in company history. The Medford-based auto retailer's adjusted net income from continuing operations was $36.9 million, or $1.39 per diluted share. A year ago, the net was $27.1 million, or $1.03 per diluted share. Total same store sales increased 11 percent, and both new and used vehicle same store sales increased 11 percent, as did service, body and parts. "For the fourth consecutive quarter, we achieved double digit growth in same store sales in all business lines," Bryan DeBoer, President and CEO, said during a conference call this morning. "We remain focused on capturing additional market share, improving existing store results, the continued success, integration and growth of DCH and actively seeking accretive acquisitions." Lithia said unadjusted net income from continuing operations for the first quarter of 2015 was $40.7 million, or $1.53 per diluted share, compared to $24.7 million, or $0.94 per diluted share, for the first quarter of 2014. Those figures were related to the sale of store and an adjustment to a reserve associated with a lawsuit filed in 2006 and settled in 2013, a loss from a hailstorm in Texas and a reserve for a contract assumed in an acquisition. The company also announced a 20-cent per share dividend. By Greg Stiles Mail Tribune MailTribune.com By Greg Stiles Mail Tribune Posted Apr. 22, 2015 at 7:18 AM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2015 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501