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 (PM) maintains a dynamic presence in global markets through strategic initiatives and product evolution. This news hub provides investors and industry observers with essential updates about the company's financial performance, reduced-risk product developments, and regulatory engagements.
Access timely press releases and curated analysis covering PM's quarterly earnings, market expansion strategies, and innovations in smoke-free alternatives like heatsticks and oral nicotine products. Our repository simplifies tracking of critical milestones including acquisition announcements, sustainability efforts, and leadership changes impacting this tobacco industry leader.
All content undergoes rigorous verification to ensure accuracy and relevance for stakeholders monitoring PM's transition toward reduced-risk portfolios. Bookmark this page for streamlined access to operational updates and strategic disclosures from one of the world's largest publicly traded tobacco enterprises.
Philip Morris International (PM) has appointed Jacek Olczak as its new Chief Executive Officer, succeeding André Calantzopoulos, who becomes Executive Chairman. Olczak, previously Chief Operating Officer, aims to accelerate the company’s smoke-free transformation, targeting over 50% of net revenues from smoke-free products by 2025. Under Olczak's leadership, PM has expanded its smoke-free product sales to 66 markets, with 28% of net revenues from these products in Q1 2021. The appointment was confirmed during PMI’s 2021 Annual Shareholders Meeting, where they also elected 13 board nominees.
Philip Morris International (NYSE: PM) will conduct a live audio webcast of its 2021 Annual Meeting of Shareholders on May 5, 2021, at 9:00 a.m. ET. The meeting is exclusively virtual, accessible at www.virtualshareholdermeeting.com/PMI2021. Executive Chairman André Calantzopoulos and CEO Jacek Olczak will address shareholders, who must have a valid control number to participate. Archived webcasts and presentation materials will be available for one year post-meeting. PMI aims to replace cigarettes with smoke-free products, with 14 million adults having switched to IQOS.
Philip Morris International Inc. (NYSE: PM) announced strong first-quarter results for 2021. Reported diluted EPS reached $1.55, a 32.5% increase. Adjusted diluted EPS was $1.57, up by 29.8%. Although cigarette shipments decreased by 7.3%, heated tobacco unit shipments surged by 29.9% to 21.7 billion. Net revenues rose 6.0%, with smoke-free products contributing 28.0% of total revenues. The company increased its full-year guidance, expecting organic adjusted diluted EPS growth of 11% to 13% and net revenue growth of 5% to 7%. A quarterly dividend of $1.20 was declared.
Philip Morris International (NYSE: PM) will host a live audio webcast on April 20, 2021, at 9:00 a.m. ET to discuss its 2021 First-Quarter results, released at 7:00 a.m. ET that day. CFO Emmanuel Babeau will present the results and respond to inquiries from investors and media. Access the webcast via mobile app or the website until May 19, 2021. PMI is committed to a smoke-free future, aiming to replace cigarettes with smoke-free products, with over 12.7 million adults having switched to the IQOS system as of December 2020.
The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of $1.20 per common share, payable on April 9, 2021, to shareholders of record as of March 22, 2021. The ex-dividend date is set for March 19, 2021. PMI continues its transformation towards a smoke-free future, aiming to replace traditional cigarettes with smoke-free products. As of December 31, 2020, approximately 12.7 million adults have switched to IQOS. For more details, visit www.pmi.com/dividend.
Philip Morris International (NYSE:PM) presented its growth strategy in a virtual investor meeting, reaffirming its 2021 diluted EPS forecast between $5.90 and $6.00, a projected 14% to 16% increase from 2020. The company set ambitious targets for 2021-2023, aiming for over 5% organic growth in net revenue and over 9% in adjusted diluted EPS. Upcoming product launches include IQOS ILUMA and IQOS VEEV. PMI expects smoke-free products to surpass 50% of net revenues by 2025 and aims for $1 billion in revenues from beyond nicotine products by the same year.
Philip Morris International (PMI) has appointed Bonin Bough as a new member of its Board of Directors, effective immediately. Bough, aged 43, is a well-regarded executive with experience in growth and marketing at notable companies like Unilever and Mondelez International. Interim Chairman Lucio Noto welcomed Bough, emphasizing the importance of digital expertise in PMI's mission to transition to smoke-free products. PMI is committed to replacing cigarettes with smoke-free alternatives and has made significant strides, with approximately 12.7 million adults globally having switched to its IQOS device.
Philip Morris International Inc. (NYSE:PM) reported its 2020 fourth-quarter and full-year results, showcasing resilience amid the COVID-19 pandemic. Full-year reported diluted EPS rose 11.9% to $5.16, while adjusted diluted EPS declined slightly by 0.4% to $5.17. Total shipments dropped by 8.1%, yet heated tobacco units surged by 27.6%. The company expanded its IQOS market share, ending 2020 with an estimated 17.6 million users. PMI forecasts mid-single-digit organic net revenue growth for 2021, projecting adjusted diluted EPS growth between 9% to 11%. The quarterly dividend was increased by 2.6% to $4.80.
Philip Morris International (PMI) will host a live video webcast for its 2021 Investor Day on February 10, 2021, from 8:30 a.m. to 1:30 p.m. ET. Senior management will present and engage in a Q&A session, accessible via www.pmi.com/2021InvestorDay. An archive of the session will be available until March 11, 2021, at 5:00 p.m. ET. PMI is focused on creating a smoke-free future, encouraging adult smokers to transition to smoke-free products, including the IQOS platform, which has already helped approximately 11.7 million smokers switch.
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