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Universal Corporation Announces 14% Increase in Third Quarter Earnings per Share 

Jump to full article: PR Newswire, 2009-02-05
Author: SOURCE Universal Corporation

Intro:

FISCAL YEAR 2009 THIRD QUARTER HIGHLIGHTS

* Diluted earnings per share up 14% to $1.78 compared to $1.56 last year.

* Revenues up 22% to $699 million on higher volumes from larger crops and higher green tobacco costs.

* Operating income down $2 million to $77 million due to currency remeasurement losses as the U.S. dollar strengthened.

FISCAL YEAR 2009 NINE-MONTH HIGHLIGHTS

* Diluted earnings per share up 12%, to $3.78 per share versus $3.37 per share last year.

* Revenues up 19% to $2.0 billion.

* Operating income up slightly to $187 million.

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