USA: Whitman Corporation Earns 22 Cents a Share from Continuing Operations In Second Quarter
Whitman Corporation today reported results for the second quarter and 26 weeks ended July 1, 2000. Reported Second Quarter Results Reported sales totaled $682.6 million, up from sales of $505.2 million reported in the second quarter of 1999.Reported net income was $39.5 million (29 cents per share) in the second quarter compared to a net loss of $37.5 million (33 cents per share) in the second quarter of 1999. The current quarter included income from discontinued operations of $8.9 million (seven cents per share) resulting from insurance settlements for environmental matters related to a former subsidiary, Pneumo Abex, net of certain increased environmental and related accruals. The 1999 second quarter included a number of special charges and a loss from discontinued operations, which reduced 1999 second quarter net income by $60 million (52 cents per share).EBITDA (reported earnings before interest, taxes, depreciation, and amortization) for the quarter totaled $118.3 million. In the second quarter of 1999, EBITDA, before special charges, totaled $88.5 million.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Brown-Forman's march on premium whisk(e)y -Comment
- Where does AB InBev see the future of beer?
- SABMiller in Cent'l & E Europe - What is for sale?
- Are consumers getting tired of consuming?
- A-B InBev and its SABMiller divestments - Focus
- Brown-Forman to buy BenRiach Distillery Co
- Bacardi rolls out new global Martini ad - video
- Brown-Forman appoints new GTR marketing head
- Molson Coors' Rekorderlig Cider Cocktails - NPD
- Carlsberg's Shed Head and Bad Apple craft - NPD
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Consumer and Market Insights: Wine Market in China
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- What Next for Beer and Brewers Following the MegaBrew Deal?
- Emerging Drinks Industry Trends