‘Transformational’ 2015 for RAI

| February 11, 2016

Reynolds American reported net sales of $10.68 billion and GAAP operating income of $6.95 billion in the year that ended Dec. 31, 2015. The comparable figures for 2014 were $8.47 billion and $2.53 billion, respectively.

Net GAAP income for the full year was $3.25 billion, compared with $1.47 billion in 2014.

Net sales in the fourth quarter of 2015 totaled $3.05 billion, up from $2.13 billion in the comparable 2014 period. Reported GAAP operating income was $690 million, compared with $293 million a year earlier. Net GAAP income increased to $279 million from $148 million from quarter to quarter.

RAI CEO Susan M. Cameron described 2015 as a “transformational” year. “Each of our operating companies delivered excellent results both in the quarter and for the full year,” she said. “The integration of Newport is going extremely well, and I believe we’ve entered 2016 with significant momentum.”

Total RAI operating companies’ domestic cigarette volumes increased 33.6 percent in the fourth quarter, driven by the addition of the Newport brand.

Other highlights included a series of product innovations relating to R.J. Reynolds Vapor Co.’s Vuse e-cigarette, and the completion of the $5 billion sale of Natural American Spirit’s non-U.S. business.

Cameron said that RAI and its operating companies made great strides in 2015. “We’re well-positioned for another busy and successful year in 2016,” she added.

Category: Breaking News

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