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Article: UST Reports Record Results in Net Sales and Net Earnings for 2003.
- Article from:
- PR Newswire
- Article date:
- January 23, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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UST Inc. today announced that for the year ended Dec. 31, 2003, net sales increased 3.6 percent to a record $1.743 billion and net earnings reached a record $492.7 million. Diluted earnings per share for the year amounted to $2.94.
For the fourth quarter 2003, net sales increased 5.2 percent to $446.2 million, and net earnings and diluted earnings per share were $128.8 million and $.77, respectively.
The fourth quarter and year 2002 results included a $1.3 billion judgment against the company in its antitrust case, resulting in a fourth quarter net loss of $642.6 million or $3.82 per share and a net loss of $271.5 million, or $1.61 per share for the ...