Constellation Brands says in its fourth quarter it generated a near 30 percent increase in Earnings Per Share, attributing part of that increase to President Trump’s tax reform plan.
Constellation, which is based in Victor and is one of the largest producers of beer, wine and spirits, produced a record operating cash flow of nearly $2 billion. The company paid a dividend of 74 cents per share on its Class A stock and 67 cents on Class B.
Chairman Rob Sands says Constellation continues to grow its market share and completed significant expansions of its brewery and bottling plant operations.