On Oct. 22, RAI announced third-quarter results that prompted the company to increase its full-year guidance. The company now expects full-year 2008 earnings growth in the low single digits. Third-quarter reported EPS of $0.72 was down 40.5 percent from the prior-year period due to $0.57 in restructuring and trademark impairment charges. Adjusted EPS for the third quarter was $1.29, up 6.6 percent from the year-ago quarter. RAI’s net earnings for the nine-month period were up on both a reported and adjusted basis as pricing and productivity improvements more than offset cigarette volume declines and higher settlement expense.
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Reynolds American has been recognized as a leader in corporate sustainability by being awarded membership in the 2008-2009 Dow Jones Sustainability North America Index (DJSI North American), effective Sept. 22, 2008. In doing so, RAI becomes the only U.S. tobacco company and one of only 125 North American companies on the index.
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Reynolds American is the only domestic corporation whose operating companies manufacture and market a full range of products for those adults who enjoy and choose to use tobacco. Our Guiding Principles and Beliefs represent our core commitment to operating our businesses in a responsible manner that best balances the desires of our many stakeholders. Here’s what we and our operating companies believe:
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