UST Inc. News Releases 2009 | 2008 | 2007
2009| Jan 06, 2009 | Altria Completes Acquisition of UST | RICHMOND, Va.--(BUSINESS WIRE)--Jan. 6, 2009--Altria Group, Inc. (Altria) (NYSE: MO) today announced that it has
completed the acquisition of UST Inc. (UST). The transaction is valued
at approximately $11.7 billion, which includes the assumption of
approximately $1.3 billion of debt.
As a result of the closing of the transaction, shareholders of UST
common stock are entitled to receive $69.50 per share in cash for each
share of common stock held ... |
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2008| Dec 04, 2008 | UST Shareholders Approve Acquisition by Altria| STAMFORD, Conn., Dec 04, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- UST Inc. (NYSE: UST) announced that earlier today, during a special shareholder meeting held in New York, a majority of its shares were voted to approve the company's acquisition by Altria Group, Inc. (NYSE: MO).
The transaction, which is expected to close during the first full week of January 2009 and no later than January 7, calls for UST shareholders to receive $69.50 in cash for each share held of outstanding US... |
| | Nov 06, 2008 | UST Declares Regular Quarterly Dividend| STAMFORD, Conn., Nov. 6 /PRNewswire-FirstCall/ -- The Board of Directors
of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 63
cents per common share, payable December 30, 2008 to stockholders of record at
the close of business December 15, 2008.
The company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and Ste. Michelle Wine Estates. U.S. Smokeless
Tobac... |
| | Oct 24, 2008 | UST Reports Third Quarter 2008 Results; Reaffirms Earnings Guidance for the Year| - Net sales increased 1% vs. year ago to $484.6 million
STAMFORD, Conn., Oct. 24 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
today announced for the third quarter ended Sept. 30, 2008, reported diluted
earnings per share was stable versus the prior year period at $.84 and
adjusted diluted earnings per share increased 4.6 percent to $.91. Adjustments
affecting the comparison in the quarter include acquisition related costs,
restructuring charges associated with the company's Project ... |
| | Oct 09, 2008 | UST Executives to Discuss Third Quarter 2008 Results in Webcast| STAMFORD, Conn., Oct. 9 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST) executives will discuss third quarter results in a live audio webcast at www.ustinc.com on Friday, Oct. 24, 2008 starting at 9 a.m. Eastern time. A press release announcing results will be issued earlier that morning.
During the webcast, UST executives also will answer questions from the investment community. The webcast will be in a listen-only mode.
An archived copy of the webcast will be available by noon on the ... |
| | Aug 07, 2008 | UST Declares Regular Quarterly Dividend| STAMFORD, Conn., Aug. 7 /PRNewswire-FirstCall/ -- The Board of Directors
of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 63
cents per common share, payable September 30, 2008 to stockholders of record
at the close of business September 15, 2008.
The company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and Ste. Michelle Wine Estates. U.S. Smokeless
Tob... |
| | Jul 24, 2008 | UST Reports Second Quarter 2008 Results; Reaffirms Earnings Guidance for the Year|
- Net sales $506.2 million, +3% vs. year ago
- Diluted EPS $.94, +8.0% vs. year ago
- Adjusted diluted EPS $.95, +5.6% vs. year ago (see table)
- Total moist smokeless tobacco net can volume +1.3%
- Moist smokeless tobacco category +7.6% vs. year ago
(26 weeks ended June 14, 2008)
- Ste. Michelle Wine Estates net sales +24.7% and operating profit
+29.5% vs. year ago
STAMFORD, Conn., July 24 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: US... |
| | Jul 15, 2008 | UST Executives to Discuss Second Quarter 2008 Results in Webcast| STAMFORD, Conn., July 15 -- UST Inc. (NYSE: UST) Chairman and
Chief Executive Officer Murray S. Kessler and members of his executive team
will discuss second quarter results in a live audio webcast at www.ustinc.com
on Thursday, July 24, 2008 starting at 9 a.m. Eastern time. A press release
announcing results will be issued earlier that morning.
During the webcast, Kessler also will answer questions from the investment
community. The webcast will be in a listen-only mode.
A... |
| | Jun 26, 2008 | UST Chairman Kessler to Make Case for Long-Term Moist Smokeless Tobacco Category Growth at JPMorgan Global Tobacco Conference| STAMFORD, Conn., June 26, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- UST Inc. (NYSE: UST)
Chairman and Chief Executive Officer Murray S. Kessler will highlight the
company's continuing success at driving moist smokeless tobacco category
growth and why the company believes this growth will continue over the
long-term at the JPMorgan Global Tobacco Conference in London on June 27.
Kessler will point out that moist smokeless tobacco has become one of the
fastest growing consumer p... |
| | Jun 10, 2008 | UST Participation in JPMorgan Global Tobacco Conference Available Via Web | | Jun 09, 2008 | Gary B. Glass Joins UST as VP, General Counsel; Richard A. Kohlberger Promoted to Executive VP| STAMFORD, Conn., June 9 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
announced today that Gary B. Glass, age 42, has joined UST as vice president,
general counsel and assistant secretary. He has assumed responsibility for
all legal functions at UST.
Glass comes to UST with a strong record of accomplishment in the legal
profession as a senior in-house corporate attorney, outside litigation counsel
and prosecutor. Most recently, he served as senior assistant general counsel,
res... |
| | May 08, 2008 | USSTC to Launch New Skoal(R) Straight Pouches| New Portion Pack Product Combines Fastest Growing Segments of MST
STAMFORD, Conn., May 8, 2008 - U.S. Smokeless Tobacco Company (USSTC), a subsidiary
of UST Inc. (NYSE: UST), announced today that the company will launch new Skoal®
Straight Pouches on Aug. 4, 2008. The new product launch will capitalize on
two of the strongest growth trends in the moist smokeless tobacco (MST) category:
the straight taste profile and the portion pack form.
The straight taste profile is the fast... |
| | May 06, 2008 | UST Declares Regular Quarterly Dividend| STAMFORD, Conn., May 6, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- The Board of Directors of
UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 63 cents
per common share, payable June 30, 2008 to stockholders of record at the close
of business June 16, 2008.
The company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and Ste. Michelle Wine Estates. U.S. Smoke... |
| | Apr 30, 2008 | UST Participation in Goldman Sachs & Co. Consumer Products Symposium Available Via Web| STAMFORD, Conn., April 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- UST Inc. (NYSE: UST)
Chairman and Chief Executive Officer Murray S. Kessler will present at the
Goldman Sachs & Co. Consumer Products Symposium on May 12, 2008 at 3:50 p.m.
Eastern time. The audio portion of the presentation will be webcast live at
www.ustinc.com. The webcast will be archived for 60 days.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and Ste. Mi... |
| | Apr 24, 2008 | UST Posts Strong First Quarter 2008 Results; Reconfirms 2008 Guidance|
- Net sales $472.7 million, +5.7% vs. year ago
- Diluted earnings per share $.83, +23.9% vs. year ago
- Adjusted diluted earnings per share $.84, +12.0% vs. year ago (see
table)
- Total Moist Smokeless Tobacco net can volume +3.0% and premium +2.1% vs.
year ago
- Moist Smokeless Tobacco category +7.1% vs. year ago (26 weeks ended Feb.
23, 2008)
- Ste. Michelle Wine Estates net sales +25.3% vs. year ago
STAMFORD, Conn., April 24... |
| | Apr 14, 2008 | UST Executives to Discuss First Quarter 2008 Results in Webcast| STAMFORD, Conn., April 14 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
Chairman and Chief Executive Officer Murray S. Kessler and members of his
executive team will discuss first quarter results in a live audio webcast at
www.ustinc.com on Thursday, April 24, 2008 starting at 9 a.m. Eastern time. A
press release announcing results will be issued earlier that morning.
During the webcast, Kessler also will answer questions from the investment
community. The webcast will be in a l... |
| | Apr 03, 2008 | UST Executives Walker and Tamaro Promoted to New Posts| Walker Appointed Vice President, Government Relations & Public Policy;
Tamaro Named Treasurer in Addition to Current Role as Vice President, Tax
STAMFORD, Conn., April 3, 2008 /PRNewswire/ -- UST Inc. (NYSE: UST)
announced today that two of its executives, Todd A. Walker and Kenneth N.
Tamaro, have been promoted and will take on additional responsibilities with
the company. Walker, age 41, has been named vice president, government
relations and public policy, while Tamaro, age 5... |
| | Mar 27, 2008 | U.S. Smokeless Launches National Promotion in Support of New Cope® Line| Interactive campaign rewards best online motorcycle designs by adult consumers
STAMFORD, Conn., March 27, 2008 - U.S. Smokeless Tobacco Company (USSTC), a
subsidiary of UST Inc. (NYSE: UST), launched this month the first nationwide integrated
marketing promotion surrounding the company's newest moist smokeless tobacco subline,
Cope®. Utilizing a wide array of marketing platforms, the new “Cope Chop Shop”
promotion is expected to generate high levels of brand interaction and excitement fo... |
| | Feb 21, 2008 | UST Declares Regular Quarterly Dividend| STAMFORD, Conn., Feb. 21 /PRNewswire-FirstCall/ -- The Board of Directors
of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 63
cents per common share, payable March 31, 2008 to stockholders of record at
the close of business March 14, 2008.
As previously announced, the new quarterly rate represents a five percent
increase over the 2007 dividend rate.
The company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for ... |
| | Jan 24, 2008 | UST Posts Record Volume, Sales and E.P.S. for the Fourth Quarter and Full Year 2007 Behind Strong Fundamentals|
Fourth Quarter 2007
- Net sales $532.9 million, +9.7% vs. year ago
- Diluted earnings per share $.89, +4.7% vs. year ago
- Adjusted diluted earnings per share $.95, +9.2% vs. year ago (see table)
- Total Moist Smokeless Tobacco net can volume +7.3% and premium +5.9% vs.
year ago
- Moist Smokeless Tobacco category +7.1% vs. year ago (26 weeks ended Dec.
1, 2007)
- Ste. Michelle Wine Estates net sales +30.5% and operating profit +48.6%
... |
| | Jan 14, 2008 | UST Executives to Discuss Fourth Quarter 2007 Results in Webcast| STAMFORD, Conn., Jan. 14 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
Chairman and Chief Executive Officer Murray S. Kessler and members of his
executive team will discuss fourth quarter results in a live audio webcast at
www.ustinc.com on Thursday, January 24, 2008 starting at 9 a.m. Eastern time.
A press release announcing results will be issued earlier that morning.
During the webcast, Kessler also will answer questions from the investment
community. The webcast will be in a l... |
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2007| Dec 19, 2007 | UST Presents Growth Plans at Annual Investor Conference to Keep Company 'on the Move'| STAMFORD, Conn., Dec. 19 /PRNewswire-FirstCall/ -- At UST Inc.'s
(NYSE: UST) annual investor meeting today in New York City, president and
chief executive officer Murray S. Kessler and members of his executive team
will present plans to grow the company's smokeless tobacco and wine businesses
and achieve more than its stated long-term goal of generating an average 10
percent shareholder return, including earnings per share growth and a strong
dividend in 2008.
"We are pleased with... |
| | Dec 14, 2007 | Lawrence J. Ruisi Elected to UST Board of Directors| STAMFORD, Conn., Dec 14, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- UST Inc. (NYSE: UST)
announced today that Lawrence J. Ruisi has been elected to the company's Board
of Directors, effective January 1.
Most recently, Ruisi was president and chief executive officer of Loews
Cineplex Entertainment Corp. He currently sits on the boards of directors for
Hughes Communications, a satellite communications company and Innkeepers USA
an owner of upscale and extended stay hotels. Previ... |
| | Dec 03, 2007 | UST to Host Webcast of 'On The Move' Presentation to Analysts and Investors on Dec. 19, 2007| STAMFORD, Conn., Dec. 3 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
will host a live webcast of the company's presentation entitled "UST On the
Move" at its annual conference for analysts and investors in New York City on
Dec. 19, 2007 starting at 9 a.m. Eastern time. The presentation can be
accessed through the company's website at www.ustinc.com.
Presenting at the conference will be Murray S. Kessler, president and
chief executive officer, and other leading executives of the ... |
| | Nov 06, 2007 | UST Announces Increase to Share Repurchase Plan| STAMFORD, Conn., Nov. 6 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
announced today that it plans to invest up to $350 million repurchasing its
common shares in the fourth quarter of 2007, depending on market conditions.
This represents a $300 million increase from previous guidance and would bring
its total repurchases for the year to $600 million.
The fourth quarter 2007 repurchases will be financed through cash on hand
and by utilizing the company's existing credit facility. ... |
| | Nov 06, 2007 | USSTC to Launch New Skoal Edge(R) Long Cut Wintergreen| Available at retail in March 2008, Skoal Edge will debut bold new wintergreen
taste in breakthrough packaging
STAMFORD, Conn., Nov. 6, 2007 - U.S. Smokeless Tobacco Company (USSTC), a
subsidiary of UST Inc. (NYSE: UST), announced today that the company will launch
a
revolutionary new wintergreen moist smokeless tobacco (MST) product designed
for
adult consumers who favor a bolder taste profile. Available at retail beginning
March 17,
2008, new Skoal Edge® Long Cut Wi... |
| | Nov 01, 2007 | UST Chairman Vincent A. Gierer, Jr. Retiring, President and CEO Murray S. Kessler Elected Chairman| STAMFORD, Conn., Nov. 1 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
announced today that Vincent A. Gierer, Jr. will retire as non-executive
chairman of the UST Board of Directors, effective December 31, 2007, in line
with his previously expressed wishes for retirement. Gierer had agreed to
stay for one year to allow for an orderly succession.
"We're very grateful for Vince Gierer's many years of service to UST and
wish him well in his retirement," said Murray S. Kessler, UST p... |
| | Nov 01, 2007 | UST Declares Regular Quarterly Dividend| STAMFORD, Conn., Nov. 1 /PRNewswire-FirstCall/ -- The Board of Directors
of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 60
cents per common share, payable December 28, 2007 to stockholders of record at
the close of business December 14, 2007.
The Company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and Ste. Michelle Wine Estates. U.S. Smokeless
Tobac... |
| | Oct 25, 2007 | UST Reports Third Quarter 2007 Results; Raises Guidance on Strong Fundamentals|
-- Diluted earnings per share $.84, +15.1% vs. year ago
-- Adjusted diluted earnings per share $.87, +13.0% vs. year ago
(see table)
-- Total Moist Smokeless Tobacco net can volume +4.6% and Premium Moist
Smokeless Tobacco net can volume +2.7% vs. year ago
-- Moist Smokeless Tobacco category +6.7% vs. year ago (26 weeks ended
Sept. 8, 2007)
-- USSTC's Moist Smokeless Tobacco category share continues to stabilize
-- Ste. Mic... |
| | Oct 15, 2007 | UST Executives To Discuss Third Quarter 2007 Results In Webcast| STAMFORD, Conn., Oct. 15 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
President and Chief Executive Officer Murray S. Kessler and members of his
executive team will discuss third quarter results in a live audio webcast at
www.ustinc.com on Thursday, October 25, 2007 starting at 9 a.m. Eastern time.
A press release announcing results will be issued earlier that morning.
During the webcast, Kessler also will answer questions from the investment
community. The webcast will be in a ... |
| | Sep 05, 2007 | UST to Reconfirm Guidance and Continued Strong Fundamentals at Lehman Brothers Consumer Conference| GREENWICH, Conn., Sept. 5 /PRNewswire-FirstCall/ -- At today's Lehman
Brothers Consumer Conference being held in Boston, Murray S. Kessler,
president and chief executive officer of UST Inc. (NYSE: UST), will reconfirm
the company's recently increased earnings per share guidance amid continuing
strong fundamentals in its smokeless tobacco and wine businesses.
Mr. Kessler plans to tell the Conference that UST remains on track to
deliver its adjusted non-GAAP diluted earnings per shar... |
| | Aug 20, 2007 | UST Participation in Lehman Brothers Consumer Conference Available Via Web| GREENWICH, Conn., Aug. 20 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
President and Chief Executive Officer Murray S. Kessler will present at the
Lehman Brothers Consumer Conference on Sept. 5, 2007 at 1:30 p.m. Eastern
time. The audio portion of the presentation will be webcast live at
http://www.ustinc.com. The webcast will be archived for 60 days.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and Ste. Michelle Wine Estates. U.S. ... |
| | Aug 02, 2007 | UST Declares Regular Quarterly Dividend| GREENWICH, Conn., Aug 02, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The Board of Directors
of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 60
cents per common share, payable September 28, 2007 to stockholders of record
at the close of business September 14, 2007.
The Company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and Ste. Michelle Wine Estates... |
| | Aug 01, 2007 | UST Comments on Legislative Actions Regarding Family Smoking Prevention and Tobacco Control Act| GREENWICH, Conn., Aug 01, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- In response to the
proposed legislation (S. 625) that was the subject of a meeting today by the
U.S. Senate Committee on Health, Education, Labor and Pensions, UST Inc.
(NYSE: UST) released the following statement:
"We are disappointed that the Senate Health Committee has not addressed
the distinct differences between smokeless tobacco and cigarettes in their
consideration of this important legislation," said ... |
| | Jul 31, 2007 | UST's Ste. Michelle Wine Estates Subsidiary and Antinori Reach Agreement to Acquire Stag's Leap Wine Cellars| GREENWICH, Conn., July 31, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- UST Inc. (NYSE: UST)
announced today that its Ste. Michelle Wine Estates subsidiary (SMWE) will
hold a majority interest in a joint venture with Marchesi Antinori to acquire
Stag's Leap Wine Cellars and its famed Napa Valley, California, vineyards for
a total purchase price of $185 million. The deal is expected to be completed
in September.
This acquisition of one of Napa Valley's premiere luxury brands prov... |
| | Jul 26, 2007 | UST Reports Second Quarter 2007 Results; Raises Guidance on Strong Fundamentals|
GAAP diluted EPS $.87, +4.8% vs. year ago
Adjusted non-GAAP diluted EPS $.90, +8.4% vs. year ago (see table)
Higher than projected premium MST net can sales growth, +1.5% vs. year ago
Strong MST category growth continues, +7.2% vs. year ago (26 weeks ended
June 16, 2007)
USSTC's MST category share stabilizing
Wine posts net sales +28% and operating profit +20% vs. year ago
Project Momentum three-year cost reduction target increased by $50 million
to $15... |
| | Jul 23, 2007 | UST Names Raymond P. Silcock Senior Vice President and Chief Financial Officer| GREENWICH, Conn., July 23 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
announced today that Raymond P. Silcock, age 56, a finance executive with
global consumer products experience, will join the company next month as
senior vice president and chief financial officer.
Silcock has been executive vice president and chief financial officer of
Swift & Company, the world's second-largest meatpacking company. Previously,
he was executive vice president and chief financial officer of C... |
| | Jul 09, 2007 | UST Executives to Discuss Second Quarter 2007 Results in Webcast| GREENWICH, Conn., July 9 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
President and Chief Executive Officer Murray S. Kessler and members of his
executive team will discuss second quarter results in a live audio webcast at
http://www.ustinc.com on Thursday, July 26, 2007 starting at 9 a.m. Eastern
time. A press release announcing results will be issued earlier that morning.
During the webcast, Kessler also will answer questions from the investment
community. The webcast will be ... |
| | Jun 28, 2007 | UST to Provide 'Building Momentum' Update and Share Strategic Priorities at JPMorgan Global Tobacco Conference| GREENWICH, Conn., June 28 /PRNewswire-FirstCall/ -- Murray S. Kessler,
president and chief executive officer of UST Inc. (NYSE: UST), will highlight
the company's continued success in driving growth in its smokeless tobacco and
wine businesses at the JPMorgan Global Tobacco Conference in London on June
29.
The company's main business, smokeless tobacco, remains one of the
fastest-growing consumer packaged goods categories at retail today. With the
majority of new adult consumers ... |
| | Jun 19, 2007 | UST Participation in JPMorgan Global Tobacco Conference Available Via Web| GREENWICH, Conn., June 19 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
President and Chief Executive Officer Murray S. Kessler will present at the
JPMorgan Global Tobacco Conference on June 29, 2007 at 7:45 a.m. Eastern time.
The audio portion of the presentation will be webcast live at www.ustinc.com.
The webcast will be archived for 60 days.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and International Wine & Spirits Ltd. U.S.
... |
| | Jun 05, 2007 | USSTC Broadens Category Growth Efforts With New Cope(R) Line of Premium Moist Smokeless Tobacco| Inspired by legendary Copenhagen brand, new line will make retail debut in September.GREENWICH, Conn., June 5, 2007 /PRNewswire via COMTEX News Network/ -- U.S. Smokeless Tobacco Company
(USSTC), a subsidiary of UST Inc. (NYSE: UST), announced today that the
company will introduce an all new line of premium moist smokeless tobacco
(MST) products designed to make the company's core brand, Copenhagen, more
approachable for adult smokers. Available at retail beginning September 17,
the new Co... |
| | May 04, 2007 | UST Settles Last Major Antitrust Case - Reconfirms Guidance| GREENWICH, Conn., May 4 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
announced today that the Company has settled its last significant remaining
indirect purchaser antitrust case.
As stated in the Company's first quarter earnings release issued on April
26, 2007, UST was actively engaged in court mandated mediation to resolve what
the Company believes was its last major antitrust case, California. These
negotiations proved to be productive, and earlier this week, UST reached an
... |
| | May 04, 2007 | First Quarter 2007 and 2006 Reconciliation of GAAP to non-GAAP Financial Measures | | May 01, 2007 | UST Declares Regular Quarterly Dividend| GREENWICH, Conn., May 1 /PRNewswire-FirstCall/ -- The Board of Directors
of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 60
cents per common share, payable June 29, 2007 to stockholders of record at the
close of business June 15, 2007.
The Company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and International Wine & Spirits Ltd. U.S.
Smokeless Tobacc... |
| | Apr 30, 2007 | UST Participation in Goldman Sachs & Co. Consumer Products Symposium Available Via Web| GREENWICH, Conn., April 30 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
President and Chief Executive Officer Murray S. Kessler, and President of its
largest subsidiary, U.S. Smokeless Tobacco Company, Daniel W. Butler will
present at the Goldman Sachs & Co. Consumer Products Symposium May 8, 2007 at
11:15 a.m. The audio portion of the presentation will be webcast live at
http://www.ustinc.com. The webcast will be archived for 60 days.
UST Inc. is a holding company for its princi... |
| | Apr 26, 2007 | UST Reports First Quarter 2007 Results: Returns to Growth, Raises Guidance, Increases Share Repurchase Plan|
GAAP diluted EPS $1.03, +45.1% vs. year ago
Adjusted non-GAAP diluted EPS $.75, +4.2% vs. year ago (see table)
Premium moist smokeless tobacco net can sales growth continues, +1.4% vs.
year ago
Strong MST category growth continues, +6.7% vs. year ago (26 weeks ended
Feb. 24, 2007)
Wine posts strong results with net sales +22% and operating profit +31%
vs. year ago
Share repurchase plan increased from $200 million to $300 million for 2007
Total y... |
| | Apr 11, 2007 | UST Executives to Discuss First Quarter 2007 Results in Webcast| GREENWICH, Conn., April 11 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
President and Chief Executive Officer Murray S. Kessler and members of his
executive team will discuss first-quarter results in a live audio webcast at
www.ustinc.com on Thursday, April 26, 2007 starting at 9 a.m. Eastern time. A
press release announcing results will be issued earlier that morning.
During the webcast, Kessler also will answer questions from the investment
community. The webcast will be in a l... |
| | Mar 14, 2007 | UST Announces Robert T. D'Alessandro to Retire as CFO| GREENWICH, Conn., Mar. 14 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST),
announced today that Robert T. D'Alessandro, chief financial officer, will be
retiring from the Company. The Company has commenced a search to identify a
successor. In the interim, Mr. D'Alessandro's responsibilities will be
assumed by James D. Patracuolla, the Company's chief accounting officer,
effective immediately.
"Bob has been instrumental in strengthening our financial controls and
developing state ... |
| | Mar 05, 2007 | UST Completes Sale Of Greenwich, Conn. Headquarters| GREENWICH, Conn., March 5, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- UST Inc. (NYSE: UST),
announced today that the sale of its Greenwich corporate headquarters to
Antares Investment Partners, LLC for $130 million has been finalized.
As disclosed in an 8-K the Company filed with the Securities and Exchange
Commission on Feb. 2, the net proceeds from the transaction are expected to
generate approximately $62 million in additional net earnings, or $.39 per
diluted share for the ... |
| | Feb 22, 2007 | UST Declares Regular Quarterly Dividend| GREENWICH, Conn., Feb. 22 /PRNewswire-FirstCall/ -- The Board of Directors
of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of
60 cents per common share, payable March 30, 2007 to stockholders of record at
the close of business March 15, 2007.
The Company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for its principal subsidiaries: U.S.
Smokeless Tobacco Company and International Wine & Spirits Ltd. U.S.
Smokeless To... |
| | Feb 16, 2007 | UST Inc. Comments on Introduction of Family Smoking Prevention and Tobacco Control Act| GREENWICH, Conn., Feb. 16 /PRNewswire/ -- UST Inc. (NYSE: UST) today
released the following statement:
Yesterday, Members of Congress announced the introduction of the Family
Smoking Prevention and Tobacco Control Act. This legislation would grant the
Food and Drug Administration (FDA) authority to regulate tobacco products.
Initial reports indicate that the bill, as introduced, remains essentially
unchanged from similar legislation proposed in 2004.
"While we do not support ... |
| | Feb 02, 2007 | UST Announces Agreement to Sell Its Greenwich, Conn. Headquarters| GREENWICH, Conn., Feb 02, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- UST Inc. (NYSE: UST),
has entered into a definitive agreement to sell its corporate headquarters
located in Greenwich, Conn. for $130 million to Antares Investment Partners,
LLC. The transaction is expected to close in approximately one month.
"As part of Project Momentum, our goal was to sell our building to unlock
its considerable value to benefit shareholders, and that has clearly
occurred," said Murray S.... |
| | Jan 25, 2007 | UST Reports Stronger Than Anticipated Results For The Year 2006| GREENWICH, Conn., Jan. 25 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST)
today reported stronger than anticipated results for the fourth quarter and
year 2006 primarily driven by continued improvement in premium moist smokeless
tobacco net unit volume, record sales and operating profit for the Company's
wine operations, cost and spending favorability and the reversal of income tax
accruals.
Highlights include:
Fourth Quarter 2006
- GAAP diluted EPS $.85
- GAAP ... |
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