Welcome to our dedicated page for Philip Morris news (Ticker: PM), a resource for investors and traders seeking the latest updates and insights on Philip Morris stock.
Philip Morris International Inc. (PM) generates frequent news across corporate, regulatory, product and community topics, reflecting its role as an international consumer goods company focused on both cigarettes and smoke-free products. Company communications emphasize a transition toward a smoke-free future, with updates on heat-not-burn systems, nicotine pouches and e‑vapor products, as well as broader ambitions in wellness and healthcare.
News about PMI often covers its smoke-free strategy, including disclosures that smoke-free products account for a significant share of net revenues and are available in over 100 markets. Articles highlight the performance and regulatory status of brands such as IQOS heated tobacco products and ZYN nicotine pouches, including U.S. Food and Drug Administration marketing authorizations and Modified Risk Tobacco Product designations for certain products. Investors following PM can also expect coverage of major portfolio developments, such as the acquisition of Swedish Match and the integration of its oral tobacco and nicotine pouch offerings.
From a capital markets perspective, PMI news includes regular dividend declarations, earnings forecasts, and participation in investor conferences, as reported in regulatory news releases and Form 8‑K filings. The company also announces new bond issuances, credit facilities, and note redemptions, which are relevant to those tracking its balance sheet and funding strategy.
In the United States, PMI U.S. features prominently in news about manufacturing investments, job creation and community initiatives. Releases describe substantial U.S.-related investments in manufacturing capabilities, commercial rights and infrastructure, as well as philanthropic campaigns such as "Thanks for Giving" and the WeCare program, which support nonprofits across multiple regions. Motorsport sponsorships, including an expanded partnership with Scuderia Ferrari HP featuring ZYN branding at selected Formula 1 races, also appear in PMI’s news flow.
For investors, analysts and observers, the PM news page is a central place to review these developments, from smoke-free product milestones and regulatory decisions to financing transactions, organizational changes and community engagement efforts.
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Philip Morris International reported a 2023 Q1 diluted EPS of $1.28, down 14.7% YoY, while adjusted diluted EPS was $1.38, a 4.4% decrease. The company anticipates a full-year diluted EPS between $5.88 and $6.00 and adjusted diluted EPS of $6.10 to $6.22, indicating 7% to 9% growth. Total shipments of cigarettes and heated tobacco units (HTU) were 171.1 billion units, a slight decline of 1.1%. Net revenues rose 9.6% excluding currency factors, reaching $8.0 billion. Smoke-free product revenues grew 14.5%, accounting for 34.9% of total revenues. Despite the revenue growth, operating income decreased by 17.2% due to inflationary pressures and costs associated with the Swedish Match acquisition. The guidance for 2023 expects a cigarette volume decline of 2.5% to 3.5% and an adjusted operating income margin decline of up to 150 basis points.
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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.