Philip Morris Stock Price, News & Analysis

Philip Morris International (PMI) will host a live audio webcast on April 20, 2023, at 9:00 a.m. ET to discuss its Q1 2023 financial results, which will be released earlier that day at 7:00 a.m. ET.

The session, led by CFO Emmanuel Babeau, will include financial discussions and a Q&A with investors and the media. PMI aims to deliver a smoke-free future, having invested over USD 10.5 billion since 2008 to develop smoke-free products. Known brands include IQOS and ZYN. As of December 31, 2022, approximately 17.8 million adults have switched to IQOS, contributing to 32% of PMI's 2022 net revenues. The webcast will be accessible on various platforms and archived for later access.

Philip Morris International (PMI) has released its fourth annual Integrated Report, showcasing progress toward its goal of becoming a majority smoke-free company by 2025. In 2022, PMI reported that 24.9 million adults use its smoke-free products, accounting for 32.1% of net revenues. The company has invested over USD 10.7 billion in smoke-free alternatives and aims to phase out cigarettes. It has developed 11 goals linked to key performance indicators to monitor progress. PMI also emphasizes transparency and accountability in its sustainability efforts.

The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of $1.27 per share, payable on April 11, 2023, to shareholders of record as of March 23, 2023. The ex-dividend date is March 22, 2023. PMI is focused on a smoke-free future, and since 2008, has invested over USD 10.5 billion in developing smoke-free products. Following the acquisition of Swedish Match (OTC-PINK: SWMAY) in November 2022, PMI aims to lead the global smoke-free market. As of December 31, 2022, roughly 17.8 million adults had switched to IQOS.

Philip Morris International (PM) reaffirms its 2023 full-year forecast for reported diluted EPS between $6.09 and $6.21, and adjusted diluted EPS between $6.25 and $6.37. This reflects a projected currency-neutral growth of 7% to 9% compared to $5.98 in 2022. The company's presentation at the 2023 Consumer Analyst Group of New York Conference will address its progress towards a smoke-free business, the financial model supporting this transformation, and plans for investment in products like IQOS in the U.S. and internationally. PMI's smoke-free products now account for approximately 32% of total net revenues as of 2022.

Philip Morris International (PM) announced a live audio webcast of a presentation by Chief Financial Officer Emmanuel Babeau at the Consumer Analyst Group of New York (CAGNY) Conference on February 22, 2023, at 11:00 a.m. ET. The session can be accessed in listen-only mode on www.pmi.com/2023cagny. An archived version will be available until March 23, 2023. PMI's focus includes transitioning to smoke-free products, having invested over $10.5 billion since 2008. The company acquired Swedish Match in November 2022, enhancing its smoke-free product portfolio.

Philip Morris International reported its 2022 financial results, showcasing a reported diluted EPS of $5.81 and an adjusted diluted EPS of $5.98, marking a currency-neutral growth of 11.9%. The fourth quarter highlighted a total shipment volume growth of 1.2% and a 26.1% increase in heated tobacco units (HTUs). Smoke-free products accounted for 32.1% of net revenues, with strong growth from IQOS and ZYN brands. For 2023, PMI forecasts diluted EPS between $6.09 and $6.21, projecting organic revenue growth of 7% to 8.5%. Challenges from the war in Ukraine and inflationary pressures are noted, alongside a 1.6% dividend increase to $1.27 per share.

Philip Morris International (NYSE: PM) will hold a live audio webcast on February 9, 2023, at 9:00 a.m. ET to discuss its 2022 Fourth-Quarter and Full-Year results. The results will be released at approximately 7:00 a.m. ET on the same day. CEO Jacek Olczak and CFO Emmanuel Babeau will present the findings and outlook for 2023, answering questions from media and investors. The webcast can be accessed via the Investor Relations Mobile App or online, and an archived version will be available until March 10, 2023. PMI is committed to transitioning to smoke-free products, having invested over $9 billion since 2008 towards this goal.

Philip Morris International (PMI) has announced a long-term exclusive agreement with KT&G, South Korea’s leading tobacco manufacturer, to commercialize KT&G's innovative smoke-free products globally, excluding South Korea. The 15-year partnership, set to begin on January 29, 2023, includes commitments to produce 16 billion consumables in the first three years. This collaboration aims to promote smoke-free alternatives, aligning with PMI's vision for a smoke-free future. PMI has invested over USD 9 billion since 2008 in developing smoke-free products, with approximately 13.5 million adults having switched to PMI's IQOS.

Philip Morris International (PM) announced new biodiversity and water stewardship ambitions, aligning with the Post-2020 Biodiversity Framework at the UN Biodiversity Conference (COP15). The goals focus on achieving no net loss of ecosystems by 2033 and a net positive impact by 2050. PMI aims for carbon neutrality in its operations by 2025 and across its entire value chain by 2040. Recognized with a Triple A score by CDP, PMI emphasizes the importance of sustainable resource management to enhance resilience against climate change-related risks.