Strong Quarter for USST

Source from:  tr.itsmyiq.com Jul 26, 2007 07/27/2007

Net sales of U.S. Smokeless Tobacco Co. were $491.3 million on GAAP basis in the second quarter of 2007, up 3.9 percent from the 2006 quarter. Operating income increased 0.9 percent to $227.6 million, and net earnings increased 3.9 percent to $140 million. UST benefited from an improvement in the premium moist smokeless tobacco volume, reduced operating expenses and lower net interest expense, among other factors. "We are pleased to report our fourth straight quarter of premium unit volume growth," said Daniel Butler, president of USST. Enditem