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Ust Inc (811669) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2007

UST Inc

CIK: 811669
 

Exhibit 99.1
     
(UST LOGO) News and Information  
     
Thomas J. Fitzgerald
  Mark A. Rozelle
Media Relations
  Investor Relations
(203) 817-3549
  (203) 817-3520
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% vs. year ago
Year 2007
    Net sales $1,951 million, +5.4% vs. year ago
 
    Diluted earnings per share $3.27, +4.8% vs. year ago
 
    Adjusted diluted earnings per share $3.46, +8.5% vs. year ago (see table)
 
    Total Moist Smokeless Tobacco net can volume +4.2% and premium +2.9% vs. year ago
 
    Ste. Michelle Wine Estates net sales +25.4% and operating profit +35.9% vs. year ago
STAMFORD, Conn., Jan. 24, 2008 – UST Inc. (NYSE: UST) today reported that the company exceeded its previous diluted earnings per share guidance by 4 cents and that it delivered record volume, sales and earnings per share for the fourth quarter and year 2007 based on strong fundamentals in its core businesses, smokeless tobacco and wine.
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The following information was filed by UST Inc on Thursday, January 24, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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UST Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2008 10-K Annual Report includes:

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SEC Filing Tools
CIK: 811669
Form Type: 10-K Annual Report
Accession Number: 0000950123-08-002000
Submitted to the SEC: Fri Feb 22 2008 4:07:16 PM EST
Accepted by the SEC: Fri Feb 22 2008
Period: Monday, December 31, 2007
Industry: Tobacco Products

External Resources:
SEC.gov

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