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) is advocating for a united effort against illicit trade following a KPMG report that identifies a rising trend in the consumption of illegal cigarettes across 30 European countries. The report highlights that the share of illicit cigarettes increased to 7.8% in 2020, with counterfeit cigarette consumption skyrocketing by 87%. This situation results in an estimated tax loss of €8.5 billion for governments in the EU. PMI emphasizes the importance of collaboration among stakeholders to combat this issue, which undermines public health initiatives aimed at reducing smoking.
Philip Morris International (PMI) (NYSE:PM) announced its relocation of corporate headquarters from New York to Connecticut, expected to be operational by summer 2022. The move will create about 200 jobs in Connecticut, contributing to the local economy. PMI aims to accelerate its transformation towards a smoke-free future by utilizing technological advancements and expertise in life sciences. The company seeks to develop noncombustible alternatives and has achieved significant recognition for its sustainability efforts and gender equity.
Philip Morris International (PMI) announced a new Americas structure with Deepak Mishra appointed as President, effective July 1, 2021. This reorganization aims to enhance leadership in Latin America and Canada, promote reduced risk products in the U.S., and support PMI's 'beyond nicotine' strategy. CEO Jacek Olczak praised Mishra's strategic insights and experience from his previous roles. The changes include the retirement of Martin King, previous CEO of PMI America, and a shift in the reporting structure for the Strategy & Program Delivery function.
The Board of Directors of Philip Morris International (NYSE:PM) has authorized a new share repurchase program up to $7 billion, targeting $5 to $7 billion over three years, effective after the Q2 2021 earnings call. A quarterly dividend of $1.20 per share was also declared, payable on July 12, 2021. Since its 2008 spin-off, the company has returned approximately $115 billion to shareholders through dividends and repurchases. These actions underscore PMI's commitment to rewarding shareholders while transitioning to smoke-free products.
Philip Morris International (PM) has launched the third funding round of PMI IMPACT, an initiative aimed at combating illegal trade. Projects addressing various forms of illicit trade, including counterfeit goods and illicit tobacco, are now invited for funding. Applications are accepted from global organizations until deadlines on Sept. 15, 2021, Feb. 15, 2022, and Aug. 15, 2022. PMI has allocated $48 million to date across 60 projects in 30 countries, from a pledged $100 million for these funding rounds. The initiative emphasizes the need for innovative solutions, particularly in light of COVID-19's impact on trade.
Philip Morris International (PMI) has launched the United to Safeguard America from Illegal Trade (USA-IT) initiative aimed at combating illegal trade across eight U.S. states including California and Florida. The campaign seeks to raise awareness and equip local officials and law enforcement with resources to tackle black market issues exacerbated by the COVID-19 pandemic. PMI collaborates with various organizations to tackle counterfeit goods, which have surged nearly 40 percent since January 2020, and emphasizes the need for public-private partnership in combating the issue.
Philip Morris International (NYSE:PM) CFO Emmanuel Babeau will present today at the Deutsche Bank Global Consumer Conference, starting at 8:00 a.m. ET. A live audio call can be accessed at www.pmi.com/2021deutschebank. PMI reaffirms its adjusted diluted EPS forecast for 2021 of $5.95 to $6.05, representing an 11% to 13% increase over 2020. The company projects second-quarter adjusted diluted EPS between $1.50 and $1.55, aided by strong growth in heated tobacco unit shipments, particularly in the EU, Japan, and Russia. PMI will report Q2 earnings on July 20, 2021.
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Philip Morris International (NYSE: PM) is set to host a virtual audio call featuring Emmanuel Babeau, CFO, at the Deutsche Bank Global Consumer Conference on June 8, 2021, at 8:00 a.m. ET. Interested participants can register for dial-in details at www.pmi.com/2021deutschebank. This call aims to discuss PMI’s ongoing shift towards smoke-free products, reflecting its commitment to public health, with approximately 14 million adults having already transitioned to IQOS as of March 31, 2021.
Philip Morris International (PMI) has released its latest Scientific Update, highlighting research on smoke-free alternatives and new initiatives for products devoid of tobacco and nicotine. The report details achievements from 2020 and ongoing research, including the FDA's authorization of the IQOS tobacco heating system as a modified risk tobacco product. PMI is committed to transforming the tobacco industry by replacing cigarettes with healthier options, currently offering smoke-free products in 66 markets.
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