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· Conwood

RAI: Strong 2Q Results, Improved Outlook 

Jump to full article: PR Newswire, 2009-07-23

Intro:

At a Glance

* Adjusted EPS: second quarter at $1.29, up 4.9 percent; first half at $2.30, up 3.1 percent

o Excludes 1Q09 non-cash trademark impairments of $0.98 and 1Q08 gain from joint-venture termination of $0.71

* Reported EPS: second quarter at $1.29, up 4.9 percent; first half at $1.32, down 55.1 percent

* RAI increases, narrows 2009 guidance: Adjusted EPS range of $4.40 to $4.60

* Key cigarette and smokeless brands continue strong performance

* R.J. Reynolds Tobacco Company grows earnings, margin and share

* Conwood posts record moist-snuff volume and share

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