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) has secured the top spot in Forbes' 2024 Net Zero Leaders ranking, emphasizing its leadership in reducing greenhouse gas (GHG) emissions. Forbes' evaluation included criteria such as risk assessment, governance, decarbonization strategies, and financial strength. PMI's CEO, Jacek Olczak, highlighted the company's commitment to transforming towards a smoke-free future sustainably. Achievements mentioned include inclusion in CDP's Supplier Engagement Leader Board and attaining a Triple A rating for environmental transparency. PMI's goal is to reach net zero emissions by 2040, validated by the Science Based Targets initiative (SBTi) for its Forest, Land, and Agriculture (FLAG) emissions reduction targets. PMI continues to expand its smoke-free product portfolio, which accounted for 37% of its 2023 net revenues. The company has also invested significantly in wellness and healthcare sectors through Vectura Fertin Pharma.
Philip Morris International (NYSE: PM) announced at the 2024 Deutsche Bank Global Consumer Conference that it is raising its 2024 full-year reported and adjusted diluted EPS forecast due to favorable currency factors. The revised forecast for reported diluted EPS is $5.77 to $5.89, with adjusted diluted EPS expected to be $6.26 to $6.38, representing a 4.2% to 6.2% increase compared to 2023. Excluding currency impacts, this translates to a growth forecast of 9.0% to 11.0%. The positive outlook is supported by strong momentum in their IQOS and ZYN products and the resilience of their combustible business.
Philip Morris International (PMI) will be hosting a live webcast at the 2024 Deutsche Bank Global Consumer Conference on June 4, 2024, at 8:30 a.m. CET (2:30 a.m. ET).
The session will feature remarks and a Q&A with CFO Emmanuel Babeau. The webcast, including presentation slides, will be available on www.pmi.com/2024deutschebank and through PMI's Investor Relations Mobile App. An archived copy will be accessible until July 5, 2024.
PMI aims to deliver a smoke-free future and has invested over $12.5 billion in smoke-free products since 2008. Their portfolio includes both cigarettes and smoke-free products, with smoke-free products accounting for 37% of their 2023 net revenues. PMI continues to expand into wellness and healthcare sectors through Vectura Fertin Pharma.
Philip Morris International Inc. (NYSE: PM) conducted its 2024 Annual Meeting of Shareholders, featuring an address by Executive Chairman André Calantzopoulos and a business presentation by CEO Jacek Olczak. The company highlighted its strong performance in 2023, rapid progress in smoke-free products, excellent momentum in heat-not-burn and nicotine pouch categories, and continued dedication to sustainability and rewarding shareholders. PMI's strategy to transition into a smoke-free company has yielded significant growth, with smoke-free products contributing nearly 40% of total net revenues and over 40% of gross profit in Q4 2023. The meeting saw strong shareholder participation, with the election of 12 directors, approval of executive compensation, and ratification of auditors. PMI will release final voting results in a Form 8-K filing with the SEC. The webcast and presentation materials will be available on the company's website.
Philip Morris International Inc. presented at the Jefferies Virtual Reduced Risk Seminar, focusing on the science of smoke-free products and nicotine, as well as innovation in smoke-free products. PMI is actively working towards a smoke-free future and has invested in developing smoke-free products to replace cigarettes. The company acquired Swedish Match in 2022, expanding its product portfolio. PMI's smoke-free products were available in 84 markets by the end of 2023, with approximately 33 million adults using them. The smoke-free business accounted for about 37% of PMI's total revenues in 2023.
Philip Morris International Inc. (PMI) will present at the 2024 Jefferies Virtual Reduced Risk Seminar on May 7, 2024, showcasing their commitment to a smoke-free future. The company has invested significantly in developing innovative smoke-free products, with a portfolio that includes cigarettes and other alternatives. PMI's smoke-free products are authorized by the FDA and are available in 84 markets worldwide. In 2022, PMI acquired Swedish Match, a leader in oral nicotine delivery, further solidifying their position in the smoke-free market. With a strong focus on scientific research and expansion into wellness and healthcare, PMI aims to enhance life through health experiences.
Philip Morris International Inc. (PMI) will host a live webcast of its 2024 Annual Meeting of Shareholders on May 8, 2024, accessible at www.virtualshareholdermeeting.com/PM2024. The company is actively working towards a smoke-free future, investing in innovative smoke-free products. PMI acquired Swedish Match in 2022, expanding its presence in oral nicotine delivery. The smoke-free business accounted for 37% of PMI's total revenue in 2023.
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