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.
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.
The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of $1.27 per share, payable on January 11, 2023. Shareholders of record as of December 22, 2022 are eligible, with an ex-dividend date set for December 21, 2022. Philip Morris continues its commitment to a smoke-free future, having invested over USD 9 billion since 2008 on smoke-free product development, with IQOS now in 70 markets, and 13.5 million adults having transitioned to it.
On May 11, 2022, Philip Morris Holland Holdings B.V. (PMHH), an affiliate of Philip Morris International (PM), announced a public offer for all shares of Swedish Match AB. The offer, declared unconditional on November 7, 2022, led to PMHH acquiring 93.11% of Swedish Match shares by the end of the extended acceptance period. The final share price was adjusted to SEK 115.07 due to a dividend payment. PMHH plans to initiate a compulsory redemption for the remaining shares and seek delisting from Nasdaq Stockholm, aiming to create a comprehensive smoke-free product portfolio.
Philip Morris International (PMI) has announced a new regional structure and senior management changes to support its smoke-free business growth. The restructuring aims to enhance consumer focus and accelerate innovation, with a goal of becoming a majority smoke-free business by 2025. Key management appointments include Paul Riley, Frederic de Wilde, Massimo Andolina, and Deepak Mishra. The changes will take effect by January 2023, consolidating operations into four regions to boost the transition to smoke-free products in various markets, including the U.S.
Philip Morris International (PM) has launched BONDS by IQOS, a new heat-not-burn tobacco product designed for adults seeking alternatives to traditional cigarettes. This product uses the innovative ROUNDHEAT TOBACCO SYSTEM which heats tobacco without burning it, emitting 95% less harmful chemicals compared to cigarettes. BONDS by IQOS is initially available in the Philippines, with plans for wider commercialization by 2023. PMI aims for over 40 million adults to switch to smoke-free products by 2025, with expectations that smoke-free products will contribute over 50% of total net revenues by then.
Framtiden Management Company LLC has tendered its shares of Swedish Match AB to Philip Morris International, indicating disappointment in the acquisition terms for long-term shareholders. Dan Juran, Managing Member of Framtiden, stated their concern over the potential delisting of Swedish Match shares due to Philip Morris nearing a 90% ownership threshold. Juran expressed regret over tendering shares, originally hoping to remain a minority shareholder in a public company. The press release highlights a need for independent evaluation by Swedish Match shareholders regarding this takeover offer.