Lehman Brothers Holdings Inc. has reported net income of USD1.0 billion, or USD1.72 per common share (diluted), for the fourth quarter ended 30 November 2006, representing increases of 22 percent and 25 percent, respectively, from net income of USD823 million, or USD1.38 per common share (diluted), reported for the fourth quarter of fiscal 2005.
Third quarter fiscal 2006 net income was USD916 million, or USD1.57 per common share (diluted). For the 2006 full fiscal year, net income and earnings per common share (diluted) increased 23 percent and 25 percent, respectively, to a record USD4.0 billion and USD6.81, respectively, compared to USD3.3 billion and USD5.43, respectively, in fiscal 2005.
“Once again, we have achieved outstanding results across all our business segments and geographic regions this year,” says Richard S. Fuld, Jr., the chairman and chief executive officer of Lehman. “Our record performance is the result of our client-focused strategy and our continued investment in strategic areas that enable us to deliver the best capabilities, intellectual capital and solutions to our clients. As always, our success is a tribute to how well our people continue to work together across the Firm to deliver superior value to our clients and shareholders.”