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Sep 30, 2020
Altria Q3 2020 Earnings Report
Altria demonstrated resilience during the third quarter with strong financial performance in its tobacco businesses and progress against its 10-year Vision.
Key Takeaways
Altria's Q3 2020 results showed resilience with strong performance in tobacco businesses. The company narrowed its full-year adjusted diluted EPS guidance to $4.30 - $4.38, representing 2-4% growth from 2019.
Net revenues increased by 3.9% to $7.123 billion.
Revenues net of excise taxes increased by 4.9% to $5.678 billion.
Adjusted diluted EPS was unchanged at $1.19.
Altria narrowed its 2020 full-year adjusted diluted EPS guidance to a range of $4.30 to $4.38.
Revenue by Segment
Forward Guidance
Altria expects its 2020 full-year adjusted diluted EPS to be in a range of $4.30 to $4.38, representing a growth rate of 2% to 4% from an adjusted diluted EPS base of $4.21 in 2019. Altria also narrows its expectation for its 2020 full-year adjusted effective tax rate to be in a range of 24.5% to 25.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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