(Source: Datamonitor)
US-based spirits manufacturer Fortune Brands has reported a net income attributable to the company of $124.1 million, or $0.82 per diluted share, for the third quarter ended September 30, 2009, down 63.1%, compared to $335.9 million, or $2.21 per diluted share, for the same quarter of 2008.
For the third quarter of 2009, net sales were $1.72 billion, down 10.6%, compared to $1.92 billion for the same quarter of 2008.
For the first nine months of 2009, net sales were $5 billion, down 15.9%, compared to $5.82 million for the same period of 2008. Net income attributable to the company was $231.3 million, or $1.53 per diluted share, compared to $592.4 million, or $3.83 per diluted share, for the same period of 2008.
Bruce Carbonari, chairman and CEO of Fortune Brands, said: "Despite the challenges of the global economy and the overall US housing market, Fortune Brands continued to deliver results and operating margins at the forefront of our categories. Each of our businesses performed at or above our expectations in the quarter."
A service of YellowBrix, Inc.
