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 (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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Philip Morris International (NYSE: PM) CEO Jacek Olczak addressed investors today at the Goldman Sachs Global Staples Forum, focusing on the company's transformation towards a smoke-free future. PMI aims to replace cigarettes with smoke-free alternatives, benefiting smokers and society. The company operates in 66 markets, and as of March 31, 2021, around 14 million adults have switched to its IQOS device. A live webcast of the session is available, alongside slides on PMI's investor relations page.
Philip Morris International (PMI) released its Integrated Report 2020, outlining its ESG performance and plans for a smoke-free future. PMI aims to transition over 40 million adult smokers to smoke-free products by 2025, with those products constituting over 50% of total revenue. The report highlights a 23.8% revenue contribution from smoke-free products in 2020, a substantial increase from 0.2% in 2015. PMI also announced new 2025 goals for market availability and revenue from beyond nicotine products. The report emphasizes the integration of sustainability into corporate strategy.
The FDA has initiated a public comment period regarding Philip Morris International's (PM) application to market the IQOS 3 as a Modified Risk Tobacco Product (MRTP). This application seeks similar reduced exposure marketing orders previously granted for the IQOS 2.4 system. The IQOS 3 features technological advancements like longer battery life. PMI emphasizes its commitment to a smoke-free future and has invested over $8 billion in smoke-free products. The company aims to replace traditional cigarettes with scientifically substantiated alternatives.
Philip Morris International (PMI) announced that S&P Global Ratings' ESG Evaluation has positioned the company favorably within the tobacco sector, highlighting its commitment to a smoke-free future. PMI ranks third in E-entity, eighth in S-entity, and 15th in G-entity scores among 25 evaluations. The company targets over 50% of its revenues from smoke-free products by 2025 and aims for at least $1 billion from 'beyond nicotine' products. PMI's significant investments in reduced-risk products and management upskilling have been acknowledged as crucial for achieving these goals.
Philip Morris International (PMI) will host a live video webcast on May 18, 2021, at approximately 9:40 a.m. ET during the 2021 Goldman Sachs Global Staples Forum. CEO Jacek Olczak will deliver remarks and engage in a Q&A session, accessible via the company's website or their Investor Relations mobile app.
PMI is focused on transforming the tobacco industry towards a smoke-free future, currently offering smoke-free products in 66 markets. An archived webcast will be available until June 16, 2021, along with presentation slides.
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.