Welcome to our dedicated page for Altria Group news (Ticker: MO), a resource for investors and traders seeking the latest updates and insights on Altria Group stock.
Altria Group, Inc. (MO) provides a centralized hub for tracking corporate developments in tobacco production and strategic investments. This page aggregates official press releases, regulatory filings, and market analysis related to Altria’s operations across cigarettes, smokeless products, and emerging categories.
Investors and industry observers will find timely updates on earnings announcements, manufacturing innovations, and legislative developments affecting the tobacco sector. The curated collection includes filings related to Altria’s subsidiaries like Philip Morris USA and its ventures in heated tobacco technologies.
Key categories include quarterly financial results, partnership announcements, product research milestones, and compliance updates. Content is maintained to reflect Altria’s evolving business strategy while adhering to financial disclosure standards.
Bookmark this page for efficient access to primary source materials about MO’s market activities. Cross-reference updates with SEC filings and official company communications for complete due diligence.
Altria Group, Inc. (MO) announced strong Q2 2021 results, with net revenues of $6.94 billion, an 8.9% increase year-over-year. Adjusted diluted EPS rose by 12.8% to $1.23, with full-year EPS guidance narrowed to $4.56 to $4.62, reflecting a 4.5% to 6% growth from 2020. The company repurchased $650 million of shares and declared $1.6 billion in dividends. However, the expansion of its IQOS product line has faced delays due to patent infringement issues, potentially impacting future growth in heated tobacco products.
Altria Group (NYSE: MO) will hold a live audio webcast on July 29, 2021, at 9:00 a.m. ET to discuss its 2021 second-quarter and first-half business results. A press release with the results will be issued at 7:00 a.m. ET the same day. CEO Billy Gifford and CFO Sal Mancuso will present and answer questions from the investment community and media. The webcast will be in listen-only mode, and pre-event registration is required. An archived version will also be available on altria.com.
Altria Group announced the sale of its subsidiary, Ste. Michelle Wine Estates, to Sycamore Partners for about $1.2 billion. The all-cash transaction includes the assumption of certain liabilities. Expected to close in the second half of 2021, it is subject to financing and regulatory approvals. Altria plans to use the proceeds for share repurchases, enhancing value for shareholders. No material gain or loss from the transaction is anticipated, as it won't affect adjusted diluted earnings per share.
Altria Group (NYSE: MO) held its 2021 Annual Meeting of Shareholders, where CEO Billy Gifford reviewed 2020 financial results and 2021 guidance. He reaffirmed adjusted diluted EPS guidance of $4.49 to $4.62, projecting 3% to 6% growth from 2020's $4.36. The meeting resulted in the election of 11 directors and the selection of PricewaterhouseCoopers LLP as the independent accounting firm. Kathryn McQuade was elected as independent Chair of the Board. The full-year EPS guidance accounts for significant investments in non-combustible product development and enhanced consumer engagement efforts.
Altria Group has elected Kathryn B. McQuade as the independent Chair of the Board, effective following the 2021 Annual Meeting on May 20, 2021. McQuade, who joined the Board in 2012, will be the first woman to hold this position. Her notable experience spans finance and executive roles in regulated industries, which is expected to enhance Altria's strategy of transitioning adult smokers to non-combustible products. The election follows the passing of former Chairman Thomas F. Farrell II in April 2021.
Altria Group (NYSE: MO) will host its 2021 Annual Meeting of Shareholders on May 20, 2021, at 9:00 a.m. Eastern Time, via live audio webcast. Shareholders as of the record date, March 29, 2021, can vote electronically and ask questions during the meeting. Non-shareholders can listen as guests but cannot participate in voting or questioning. Detailed attendance instructions are available at www.altria.com/webcasts. An archived version of the webcast will also be accessible on Altria's website.
Altria Group, Inc. (NYSE: MO) reported its Q1 2021 results, with net revenues of $6.036 billion, down 5.1% year-over-year. Adjusted diluted EPS was $1.07, a decline of 1.8%. Altria reaffirmed its 2021 EPS guidance of $4.49 to $4.62, indicating a growth rate of 3% to 6%. Significant developments include acquiring full ownership of on! oral nicotine pouches and expanding the Marlboro HeatSticks and IQOS products. The company paid $1.6 billion in dividends and repurchased 6.9 million shares. Challenges include an unrealized loss of $200 million on its JUUL investment.
Altria Group (NYSE: MO) will host a live audio webcast on April 29, 2021, at 9:00 a.m. ET to discuss its first-quarter business results. A press release with the results will be issued at 7:00 a.m. ET. CEO Billy Gifford and CFO Sal Mancuso will present the results and answer questions from investors and media. The webcast will be in listen-only mode, and pre-registration is required. An archived version will be available on altria.com.
Thomas F. Farrell II, Chairman of Altria's Board since 2008, will retire after his current term ends, choosing not to seek re-election at the 2021 Annual Meeting on May 20. The Board plans to evaluate leadership succession and appoint a new Chairman post-meeting. Farrell's contributions have been appreciated by CEO Billy Gifford. He has also served as Executive Chairman of Dominion Energy. Altria aims to lead the transition for adult smokers towards non-combustible products as part of its ongoing vision through 2030.
Altria Group, Inc. (NYSE: MO) has declared a quarterly dividend of $0.86 per share, reinforcing its commitment to shareholder returns. This dividend is payable on April 30, 2021, to shareholders of record by March 25, 2021. The ex-dividend date is set for March 24, 2021, allowing investors to benefit from this distribution.
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