Latest Greensboro Stories

Data is Overwhelming and Consistent GREENSBORO, N.C., July 16 /PRNewswire-FirstCall/ -- With the words of Food and Drug Commissioner Margaret Hamburg on the screen beside him, a Lorillard Tobacco Company (NYSE: LO) scientist today called upon the FDA's Tobacco Products Scientific Advisory Committee (TPSAC) to employ a "truly science-based, data-driven" process in its evaluation of menthol in cigarettes. Earlier this week Hamburg made headlines when she told an FDA science panel to "Follow...

GREENSBORO, N.C., July 15 /PRNewswire-FirstCall/ -- Lorillard Tobacco Company (NYSE: LO) today issued the following statement regarding the second public meeting of the Food and Drug Administration's Tobacco Products Scientific Advisory Committee (TPSAC), which will be held July 15 and July 16 in Gaithersburg, Md. This statement can be attributed to Dr. William R. True, senior Vice president, research and development. "After its first meeting, the Tobacco Products Scientific Advisory...

GREENSBORO, N.C., July 13 /PRNewswire/ -- Lorillard Tobacco Company (NYSE: LO) today released a submission to the Tobacco Products Scientific Advisory Committee (TPSAC) of the Food and Drug Administration, urging TPSAC to use objectivity and a single scientific standard in considering all worthy studies on the health effects of menthol in cigarettes rather than cherry picking studies and misrepresenting findings. The submission presented findings of scientific studies about the impact of...

GREENSBORO, N.C., July 12 /PRNewswire-FirstCall/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, today announced that it will release second quarter 2010 earnings on Monday, July 26, 2010. A conference call for analysts and investors will begin at 10:00 a.m. Eastern Time on July 26, 2010, which will be hosted by Martin L. Orlowsky, Chairman, President and Chief Executive Officer, and David H. Taylor, Executive Vice President, Finance and...

Repository Site for Menthol Science, News and Information GREENSBORO, N.C., June 28 /PRNewswire/ -- Lorillard Tobacco Company today launched a new website, "Understanding Menthol," that focuses on the scientific evidence surrounding the public health impact of menthol in cigarettes. The new website is located at www.understandingmenthol.com. Legislation signed into law last year authorized the U.S. Food and Drug Administration (FDA) to regulate cigarettes and other tobacco products. One...

GREENSBORO, N.C., May 4 /PRNewswire-FirstCall/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, today announced that Martin L. Orlowsky, Chairman, President and Chief Executive Officer, and David H. Taylor, Chief Financial Officer, will participate in the Goldman Sachs Consumer Products Symposium at the Goldman Sachs Conference Center in New York. Lorillard will present on Thursday, May 13, 2010, at 10:25 A.M. Eastern. The presentation will...

GREENSBORO, N.C., April 27 /PRNewswire-FirstCall/ -- March 2010 Quarterly Financial Highlights: Quarterly Revenue Grows 51.4% Year-Over-Year And 4.2% Sequentially To $260.8 MillionOn A GAAP Basis, Gross Margin Expands To 37.7%, Operating Margin Increases To 14.0% And Diluted EPS Improves To $0.10 On A Non-GAAP Basis, Gross Margin Expands To 39.6%, Operating Margin Increases To 18.3%, And Diluted EPS Improves To $0.16 Free Cash Flow Totals $55 Million In March 2010 Quarter And $177 Million...

GREENSBORO, N.C., April 26 /PRNewswire-FirstCall/ -- Lorillard, Inc. (NYSE: LO) today reported results for the quarter ended March 31, 2010. Highlights Net sales were $1.360 billion for the first quarter of 2010, compared to $917 million for the first quarter of 2009. 2010 results included a significant increase in federal excise taxes. Net sales excluding excise taxes were $923 million for the first quarter of 2010 compared to $767 million for the first quarter of 2009, an increase of...

GREENSBORO, N.C., April 8 /PRNewswire-FirstCall/ -- Lorillard Inc., (NYSE: LO), the third largest manufacturer of cigarettes in the United States, today announced that it will release first quarter 2010 earnings on Monday, April 26, 2010. A conference call for analysts and investors will begin at 10:00 am Eastern Time on April 26, 2010 which will be hosted by Martin L. Orlowsky, Chairman, President and Chief Executive Officer, and David H. Taylor, Executive Vice President, Finance and...

GREENSBORO, N.C., April 7 /PRNewswire-FirstCall/ -- Lorillard, Inc. (NYSE: LO) announced today that it has priced an underwritten public offering of an aggregate principal amount of $750.0 million 6.875% senior notes due 2020 and $250.0 million 8.125% senior notes due 2040 through its main operating subsidiary, Lorillard Tobacco Company and guaranteed by Lorillard, Inc. Lorillard, Inc. expects to close the sale of the notes on April 12, 2010 subject to customary closing conditions. The...