Printer Friendly

A-B earnings up in 2nd quarter.

A-B earnings up in 2nd quarter

Anheuser-Busch, Cos., Inc. recently reported a second-quarter earnings-per-share increase of 13.9 percent to 82 cents a share, compared to 72 cents a share in the same 1988 period. Net income rose 10.5 percent to $233.7 million from $211.5 million.

As reported earlier, the St. Louis company also announced that beer volume in the second quarter increased 3.7 percent to a record 21.4 million barrels.

"Our volume growth remains strong and earnings continue to benefit from operating efficiencies despite material cost increases," August A. Busch III, chairman of the board and president, stated.

"Our brand families are performing well," Busch commented. "We are particularly pleased with the consumers' acceptance of Michelob Dry."

For the first six months of 1989, A-B's net income rose 10.2 percent to $400.8 million from $363.9 million in the first half of last year. Earnings per share for the six-month period increased 13.8 percent to $1.40, from $1.23 a share in the same period in 1988.

In a related announcement, the A-B board of directors recently voted to increase the quarterly cash dividend on the company's common stock to 22 cents from 18 cents per share, an increase of 22 percent. The new divident is payable September 8, to shareholders of record August 9, A-B said.
COPYRIGHT 1989 Business Journals, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1989 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Anheuser-Busch Companies Inc.
Publication:Modern Brewery Age
Date:Aug 7, 1989
Words:227
Previous Article:Andes from Venezuela launched.
Next Article:Coors, Stroh talking deal.
Topics:


Related Articles
A-B Cos. has big second quarter.
Anheuser-Busch reports earnings rise 5.9 percent.
Anheuser-Busch sees 28% rise in earnings.
Anheuser-Busch reports slight drop in earnings.
Anheuser posts $137 million profit in 4th quarter.
Anheuser posts earnings growth in quarter.
Anheuser-Busch reports strong growth.
Anheuser-Busch posts record sales in 2001.
Anheuser posts higher earnings in 3Q.
Anheuser-Busch posts lower first quarter profit.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters