UST Posts Strong First Quarter 2008 Results; Reconfirms 2008 Guidance

April 25, 2008 - UST Posts Strong First Quarter 2008 Results; Reconfirms 2008 Guidance
Thursday April 24, 7:58 am ET
- 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
(UST Inc. is a holding company for its principal subsidiaries: United States Smokeless Tobacco Company and International Wine & Spirits Ltd).