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. reports developments across its cigarette business and expanding smoke-free portfolio, including IQOS heated tobacco products, ZYN nicotine pouches and e-vapor offerings. Company news commonly covers quarterly results, shipment and revenue trends, product authorizations, brand collaborations, and updates tied to adult-smoker alternatives.
Recurring announcements also address U.S. and international regulatory matters, including FDA modified-risk tobacco product authorizations for IQOS, as well as annual shareholder meetings, board elections, executive compensation votes, auditor ratification, shareholder proposals, and corporate responsibility initiatives.
Philip Morris International (PM) will host a live video webcast featuring CFO Emmanuel Babeau on May 17, 2022, at 9:35 a.m. ET, during the Goldman Sachs Global Staples Forum. Viewers can access the webcast at www.pmi.com/2022goldmansachs. An archived version will be available until June 15, 2022. PMI is committed to a smoke-free future and has invested over USD 9 billion since 2008 in developing smoke-free products, aiming to eliminate cigarette sales. As of March 31, 2022, around 12.7 million adults globally have switched to PMI's IQOS products.
Philip Morris International (PM) has achieved its target of at least 40% female representation in managerial roles by 2022. CEO Jacek Olczak emphasized the importance of diversity for better decision-making and sustainable performance. The company plans to further aim for 35% of women in senior roles by 2025. Additionally, PM has been recertified by the EQUAL-SALARY Foundation, ensuring equal pay for male and female employees across over 90 markets. This achievement is part of PMI's commitment to gender equality and inclusion, alongside initiatives to tackle gender bias in the workplace.
Philip Morris International (PMI) will host a live audio webcast today at 9:30 a.m. ET to discuss its offer for Swedish Match AB (SWMAY). The session will be led by CEO Jacek Olczak and CFO Emmanuel Babeau, featuring a Q&A for investors. The webcast is accessible on PMI's website and mobile app, with an archived version available until 5:00 p.m. ET on June 9, 2022. PMI is committed to a smoke-free future, having invested over USD 9 billion since 2008 in smoke-free products like IQOS, which has attracted approximately 12.7 million users worldwide.
Philip Morris International (NYSE:PM) announces a recommended public offer to Swedish Match shareholders, offering SEK 106 per share, valuing the deal at approximately SEK 161.2 billion ($16.0 billion). This represents a premium of 39.4% over the last closing price and comes with board support. PMI's CEO emphasizes the strategic rationale behind the merger, aimed at accelerating a smoke-free future. The acceptance period is set to run from June 23 to September 30, 2022, conditional upon acquiring over 90% of shares, with a fairness opinion backing the offer.
Philip Morris International (PMI) has confirmed ongoing discussions with Swedish Match AB (SWMAY) regarding a potential acquisition. The company stated that while talks are progressing, it remains uncertain whether an offer will be made, and PMI will refrain from further comments until appropriate. PMI focuses on delivering a smoke-free future, having invested over USD 9 billion since 2008 in developing smoke-free products. As of March 31, 2022, approximately 12.7 million adults have switched to PMI’s IQOS products globally, excluding Russia and Ukraine.
Philip Morris International Inc. (NYSE: PM) held its 2022 Annual Meeting, where CEO Jacek Olczak highlighted the company's strong performance and ongoing smoke-free transformation. Despite challenges from the Ukraine conflict, PMI remains optimistic about growth, having invested over USD 9 billion in smoke-free innovations. The company has increased dividends for 14 consecutive years, with a recent hike of 4.2% to USD 5.00 per share. Shareholders approved key proposals, including the 2022 Performance Incentive Plan. PMI continues to focus on wellness, healthcare, and sustainability initiatives.
Philip Morris International (PMI) has appointed Keagan Lenihan as Vice President of Government Affairs and Public Policy, leading its Washington, D.C. office. Lenihan brings extensive experience, including roles at the FDA and HHS, and will focus on advancing PMI's journey away from cigarettes. PMI has invested over USD 9 billion in smoke-free products, with the goal of ending cigarette sales. As of March 2022, approximately 12.7 million adults globally have switched to PMI's IQOS devices, aligning with its ambition to pioneer in wellness and healthcare.
Philip Morris International (NYSE: PM) will hold its 2022 Annual Meeting of Shareholders via a live audio webcast on May 4, 2022, at 9:00 a.m. ET. Shareholders can access the meeting virtually and are required to have a valid 16-digit control number to participate. The meeting will feature remarks from André Calantzopoulos and Jacek Olczak and will also be accessible through PMI's Investor Relations Mobile App. PMI is committed to creating a smoke-free future, investing over USD 9 billion in smoke-free products since 2008, with significant global market reach.
Philip Morris International reported a strong first quarter for 2022, with diluted EPS of $1.50 and adjusted diluted EPS of $1.56, reflecting a currency-neutral growth of 14%. Excluding operations in Russia and Ukraine, pro forma adjusted diluted EPS is forecasted between $5.35 and $5.46, indicating a growth of 9% to 11% for the year. Total shipment volume increased by 3.5%, led by heated tobacco units, which comprised over 31% of net revenues. The company remains committed to its goal of becoming a majority smoke-free business by 2025, despite challenges from geopolitical events.
Philip Morris International Inc. (NYSE: PM) will host a live audio webcast on April 21, 2022, at 9:00 a.m. ET, to discuss its 2022 First-Quarter results, released at 7:00 a.m. ET. The webcast will feature CEO Jacek Olczak and CFO Emmanuel Babeau, and will include a Q&A session. Interested participants can access the webcast on www.pmi.com/2022Q1earnings. An archived version will be available until May 20, 2022. PMI aims to deliver a smoke-free future with over $9 billion invested in innovative products.