Philip Morris Stock Price, News & Analysis

On May 11, 2022, Philip Morris Holland Holdings B.V. (PMHH), an affiliate of Philip Morris International Inc. (PMI), announced a recommended public offer to Swedish Match AB shareholders to tender all shares. The acceptance period, initially expiring on September 30, 2022, is extended to October 21, 2022. PMHH has acquired necessary approvals, pending the European Commission's merger control approval. As of August 8, 2022, 3,637,683 shares (approx. 0.24% of voting rights) were tendered. Settlement is anticipated post-approval announcements, around October 27, 2022.

Philip Morris International reported a second-quarter diluted EPS of $1.43, with pro forma adjusted EPS of $1.32, indicating a 5.6% currency-neutral growth. The company announced a full-year EPS forecast of $5.73 to $5.88, showcasing a 10% to 12% anticipated growth. Despite challenges from the Ukraine conflict and disruptions in supply chains, total shipment volume rose by 3%, driven by a significant uptick in heated tobacco units. The firm plans to continue investment in smoke-free products, with pro forma revenues from these items constituting 30.5% of total revenue.

Philip Morris International (NYSE: PM) will host a live audio webcast on July 21, 2022, at 9:00 a.m. ET to discuss its 2022 second-quarter and first-half financial results, released at 7:00 a.m. ET. CFO Emmanuel Babeau will lead the discussion, followed by a Q&A session. The webcast can be accessed via PMI's website or through their Investor Relations Mobile Application. An archived version will be available until August 19, 2022. PMI focuses on a smoke-free future, having invested over USD 9 billion in innovative products.

On June 28, 2022, Philip Morris Holland Holdings B.V. (PMHH), a subsidiary of Philip Morris International (PM), announced a public offer for all shares of Swedish Match AB (SWMAY). The offer document has been approved by the Swedish Financial Supervisory Authority and is accessible on the official website. The acceptance period begins on June 29, 2022, and concludes on September 30, 2022, with settlement expected on or around October 6, 2022. PMHH retains the right to extend the acceptance period as necessary.

Kaival Brands Innovations Group, Inc. (KAVL) reported its fiscal Q2 2022 results, revealing a revenue decline of approximately $15.7 million compared to the previous year. However, revenues rose by 11% from Q1 2022, attributed to a judicial stay on the FDA's marketing denial order for non-tobacco flavored BIDI^® Sticks. An international licensing agreement with Philip Morris could enhance global distribution, potentially creating substantial revenue streams. The company incurred a net loss of approximately ($5.0) million, with gross profit at about $387,700.

The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of $1.25 per share, payable on July 15, 2022, to shareholders on record as of July 1, 2022. The ex-dividend date is June 30, 2022. PMI continues to focus on transitioning to a smoke-free future, having invested over USD 9 billion since 2008 in innovative products. As of March 31, 2022, approximately 12.7 million adults globally have switched to PMI's smoke-free products.

Philip Morris International Inc. (PM) Chief Financial Officer Emmanuel Babeau addressed investors at the Deutsche Bank Global Consumer Conference in Paris. He highlighted strong growth fundamentals for 2022, particularly from the IQOS brand, and forecasted improved core business performance in Q2. PMI's strategic acquisition of Swedish Match aims to accelerate its smoke-free future, complemented by the upcoming launch of the VEEBA disposable e-vapor product. PMI has invested over USD 9 billion in smoke-free innovations and has 12.7 million global users of IQOS as of March 2022.