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Dec 31, 2021
Altria Q4 2021 Earnings Report
Altria delivered outstanding results across its businesses, demonstrating strong financial performance and progress toward its Vision.
Key Takeaways
Altria reported a decrease in net revenues by 0.8% to $6.255 billion for Q4 2021. However, the adjusted diluted EPS increased by 10.1% to $1.09. The company returned over $8.1 billion in cash to shareholders through dividends and share repurchases in 2021.
Net revenues decreased 0.8% to $6.3 billion.
Reported diluted EPS decreased 14.6% to $0.88.
Adjusted diluted EPS increased 10.1% to $1.09.
Total U.S. oral tobacco category share for on! nicotine pouches grew to 3.9%.
Altria
Altria
Altria Revenue by Segment
Revenue by Segment
Smokeable Products Revenue
CapyFin.comOral Tobacco Products Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Altria expects its 2022 full-year adjusted diluted EPS to be in a range of $4.79 to $4.93, representing a growth rate of 4% to 7% from an adjusted diluted EPS base of $4.61 in 2021.
Positive Outlook
- Planned investments in support of its Vision.
- Costs to enhance its digital consumer engagement system.
- Increased smoke-free product research, development and regulatory preparation expenses.
- Marketplace activities in support of Altria’s smoke-free products.
- 2022 adjusted effective tax rate will be in a range of 24.5% to 25.5%.
Challenges Ahead
- Conditions related to the economy, including the impact of increased inflation.
- The impact of current and future COVID-19 variants and mitigation strategies.
- ATC dynamics, including tobacco usage occasions, available disposable income, purchasing patterns and adoption of smoke-free products
- Regulatory and legislative developments.
- Anticipated inflationary increases in Master Settlement Agreement expenses and direct materials expenses and Altria’s current expectation that PM USA will not have access to the IQOS system in 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income