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 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.
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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.
Philip Morris International Inc. (PMI) has signed a memorandum of understanding with the U.S. Department of Homeland Security's National Intellectual Property Rights Coordination Center. This partnership aims to combat illicit tobacco trade and support investigations into intellectual property rights violations. PMI's head of illicit trade prevention emphasized the importance of this cooperation to disrupt criminal organizations profiting from this trade. The agreement builds on previous initiatives to enhance national security and protect consumers from illicit products.
Philip Morris International (NYSE: PM) will host a live audio webcast on February 4, 2021, at 10:30 a.m. ET to discuss its 2020 Fourth-Quarter and Full-Year results. The results will be disclosed at 8:00 a.m. ET the same day. CFO Emmanuel Babeau will present the financial outcomes and the 2021 outlook, with Q&A from the CEO and COO. The event will be accessible in listen-only mode, and an archived version will be available until March 5, 2021. PMI focuses on a smoke-free future, with 11.7 million adult smokers having switched to its IQOS product.