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Dec 31, 2024
Altria Q4 2024 Earnings Report
Altria's Q4 2024 results were reported, featuring solid income growth and strategic investments in the future.
Key Takeaways
Altria Group reported its Q4 and full-year 2024 results, with core tobacco businesses delivering solid income growth and margin expansion. The company also provided its guidance for 2025 full-year adjusted diluted EPS and announced a new $1 billion share repurchase program.
Altria expects to deliver 2025 full-year adjusted diluted EPS in a range of $5.22 to $5.37.
NJOY consumables reported shipment volume increased 15.3% versus the prior year to 12.8 million units.
NJOY devices reported shipment volume increased 22.2% versus the prior year to 1.1 million units.
Marlboro retail share of the total cigarette category was 41.3%, a decrease of 1.0 share point versus the prior year.
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 to deliver 2025 full-year adjusted diluted EPS in a range of $5.22 to $5.37, representing a growth rate of 2% to 5% from a base of $5.12 in 2024.
Positive Outlook
- Guidance includes the impact of one fewer shipping day in 2025.
- Guidance assumes limited impact on combustible and e-vapor product volumes from enforcement efforts in the illicit e-vapor market.
- Guidance includes the reinvestment of anticipated cost savings related to our previously announced Optimize & Accelerate initiative (Initiative).
- Guidance range also includes lower expected net periodic benefit income.
- Guidance range includes planned investments in support of our Vision, such as marketplace activities in support of our smoke-free products and continued smoke-free product research, development and regulatory preparation expenses.
Challenges Ahead
- External environment remains dynamic.
- Conditions related to the economy, including the cumulative impact of inflation, will be monitored.
- Adult tobacco consumer (ATC) dynamics, including purchasing patterns and adoption of smoke-free products will be monitored.
- Illicit product enforcement will be monitored.
- Regulatory, litigation and legislative developments will be monitored.
Revenue & Expenses
Visualization of income flow from segment revenue to net income