Constellation Brands Inc. announced consolidated earnings results for the third quarter and nine months ended November 30, 2015. For the quarter, the company reported net sales of USD 1,640.5 million against USD 1,541.7 million a year ago. Operating income was USD 447.3 million against USD 375.6 million a year ago. Income before taxes was USD 399.0 million against USD 310.8 million a year ago. Net income attributable to the company was USD 270.5 million against USD 222.2 million a year ago. Diluted net income per share on Class A common stock attributable to the company was USD 1.33 against USD 1.10 a year ago. Diluted net income per share on Class B convertible common stock attributable to the company was USD 1.22 against USD 1.01 a year ago. Comparable operating income was USD 475.8 million against USD 415.3 million a year ago. EBIT was USD 503.1 million against USD 436.5 million a year ago. On non GAAP basis, operating income was USD 475.8 million against USD 415.3 million a year ago. Income before taxes was USD 427.5 million against USD 350.5 million a year ago. Net income attributable to the company was USD 289.1 million against USD 248.3 million a year ago. Earnings per share were USD 1.42 against USD 1.23 a year ago.

For the nine months, the company reported net sales of USD 5,005.2 million against USD 4,671.8 million a year ago. Operating income was USD 1,354.0 million against USD 1,146.5 million a year ago. Income before taxes was USD 1,151.0 million against USD 905.8 million a year ago. Net income attributable to the company was USD 811.5 million against USD 624.7 million a year ago. Diluted net income per share on Class A common stock attributable to the company was USD 3.99 against USD 3.11 a year ago. Diluted net income per share on Class B convertible common stock attributable to the company was USD 3.69 against USD 2.86 a year ago. Net cash provided by operating activities was USD 276.3 million against USD 125.4 million a year ago. Purchases of property, plant and equipment was USD 513.8 million against USD 541.3 million a year ago. Comparable operating income was USD 1,430.9 million against USD 1,233.3 million a year ago. EBIT was USD 1,459.4 million against USD 1,254.4 million a year ago. On non GAAP basis, operating income was USD 1,430.9 million against USD 1,233.3 million a year ago. Income before taxes was USD 1,229.0 million against USD 997.0 million a year ago. Net income attributable to the company was USD 863.1 million against USD 685.5 million a year ago. Earnings per share were USD 4.24 against USD 3.41 a year ago.

For the year ending February 29, 2016, the company expects GAAP EPS to be in the range of USD 5.05 to USD 5.15, non-GAAP EPS to be in the range of USD 5.30 to USD 5.40, net cash provided by operating activities to be in the range of USD 1,350 million to USD 1,450 million, non-GAAP free cash flow to be in the range of USD 475.0 million to USD 525.0 million, interest expense to be in the range of USD 310 million to USD 320 million, operating cash flow to be in the range of USD 1.35 billion to USD 1.45 billion, capital expenditures to be in the range of USD 875 million to USD 925 million and tax rate of approximately 30%.