R.J. Reynolds' gains up in 2nd quarter
R.J. Reynolds Inc. has announced gains in its second quarter and first-half 2006 financial results.
Reynolds' adjusted earning per share of $2.51 for the quarter and $4.39 for the first half of the year was up 32.8 percent and 20.9 percent respectively, according to a news release.
The company's adjusted operating income of $554 million for the second quarter and $957 million for the first half of 2006 was up 29.7 percent and 16 percent respectively.
Reynolds' shipment volume was essentially flat for the first half of the year.
'Full-year shipment volumes should be down approximately 4 percent, consistent with the consumption decline during the first half,' Lynn J. Beasley, R.J. Reynolds' president and chief operating officer, said in a news release.
In 2004, Brown & Williamson Tobacco merged with R.J. Reynolds Tobacco and announced plans to close the Macon factory.
