Philip Morris Earnings Reports

Philip Morris International reported strong Q4 2024 results, driven by growth in smoke-free products and combustibles. The smoke-free business accounted for 40% of total net revenues and approximately 42% of gross profit. Total net revenues reached $9.7 billion, with a diluted EPS of $(0.38) and an adjusted diluted EPS of $1.55.

Philip Morris International reported strong Q3 2024 results, with record quarterly net revenues and EPS. The company raised its full-year growth outlook for adjusted diluted EPS to a range of 14% to 15%, excluding currency.

Philip Morris International's smoke-free business continued its momentum in Q2 2024, accounting for 38.1% of total net revenues. The company raised its full-year guidance despite currency headwinds, driven by strong underlying performance and proactive measures across all categories.

Philip Morris International reported a strong first quarter in 2024, with reported diluted EPS growing by 7.8% to $1.38 and adjusted diluted EPS growing by 8.7% to $1.50 (23.2% excluding currency effects). The company's smoke-free business continues to drive growth, accounting for 39% of total net revenues, with significant increases in net revenue and gross profit. Strong pricing across markets also fueled growth in the combustibles category.

Philip Morris International (PMI) reported a strong finish to 2023, with smoke-free products accounting for 39.3% of total net revenues. Adjusted diluted EPS was $1.36, representing a 12.2% increase excluding currency impacts.

Philip Morris International reported a strong third quarter, surpassing $9 billion in net revenues for the first time and generating a record quarterly adjusted diluted EPS of $1.67, representing currency-neutral growth of 20.3%. The performance was driven by strong IQOS performance, resilient combustible trends, and the exceptional growth of ZYN.

Philip Morris International's second-quarter results showed strong business momentum with total cigarette and HTU shipment volume growth of 3.3%, driving double-digit growth in net revenues and currency-neutral adjusted diluted EPS. The acquisition of Swedish Match, fueled by ZYN's growth in the U.S., is accelerating the company's smoke-free transformation.

Philip Morris International's Q1 2023 results show a strong performance with adjusted diluted EPS of $1.38, exceeding expectations. Net revenues increased by 3.5% on a reported basis and 3.2% organically. The integration of Swedish Match contributed positively, and the company is reaffirming its full-year 2023 forecast for organic net revenue growth and currency-neutral adjusted diluted EPS growth.

Philip Morris International (PMI) reported its Q4 and Full Year 2022 results, demonstrating growth in key areas despite a challenging operating environment. The company's focus on smoke-free products is paying off, with this category now accounting for a significant portion of total net revenues. Strategic acquisitions, such as Swedish Match, are expected to further drive the company's transformation.

Philip Morris International Inc. (PMI) announces its 2022 third-quarter results, with a strong performance driven by IQOS momentum and a robust combustible tobacco portfolio. The company is raising the low end of its full-year pro forma growth outlook for adjusted net revenues and continues to expect full-year pro forma adjusted diluted EPS growth of 10% to 12%, excluding currency.

Philip Morris International Inc. reported a strong underlying performance in the second quarter of 2022, with both top- and bottom-line growth exceeding initial expectations. The company's success was driven by excellent IQOS momentum, including accelerating growth in pro forma total IQOS users and heated tobacco unit in-market sales volume, as well as favorable cigarette category trends. As a result, PMI raised its outlook for the full year and now expects to deliver pro forma adjusted growth in net revenues and diluted EPS.

Philip Morris International Inc. (PMI) reported a strong first quarter performance in 2022, with organic net revenue and currency-neutral adjusted diluted EPS growth exceeding expectations, driven by the re-acceleration of the IQOS business and the robust performance of the combustible business.

Philip Morris International Inc. reported a strong performance in Q4 2021, marked by a reacceleration of business momentum. The company saw growth in total volume, high single-digit organic net revenue growth, and double-digit adjusted diluted EPS growth. There was also a step-up in sequential IQOS user growth and outstanding initial performance of IQOS ILUMA.

Philip Morris International Inc. reported a strong third-quarter performance in 2021, with an adjusted diluted EPS of $1.58, representing currency-neutral growth of 8.5%. The company reaffirmed its strong growth outlook for 2021, with an adjusted diluted EPS forecast toward the upper-half of its previous range and representing currency-neutral growth of 13% to 14%.

Philip Morris International's Q2 2021 earnings showed strong growth, with adjusted diluted EPS up by 17.8% on an organic basis. The company is increasing its full-year adjusted outlook, reflecting improved total industry volume and strategic acquisitions aimed at long-term growth.

Philip Morris International Inc. reported a strong start to the year with first-quarter results exceeding expectations, driven by the strength of IQOS. The company has raised its full-year outlook to reflect the positive momentum, anticipating organic adjusted diluted EPS growth of 11% to 13%.

Philip Morris International Inc. reported a decrease in net revenues by 3.5% on an organic basis, but an increase in operating income by 17.8% excluding currency. Adjusted operating income increased by 1.7% on an organic basis. Reported diluted EPS was $1.27, up 22.1%.

Philip Morris International Inc. reported stronger-than-anticipated results in the third quarter, with adjusted diluted EPS growth of 5.6% on an organic basis. The sustained momentum of IQOS was excellent, with an estimated 16.4 million total users at the end of September and smoke-free products accounting for nearly one-fourth of total net revenues in the quarter.

Philip Morris International Inc. reported a decrease in net revenues and diluted EPS for the second quarter of 2020, but delivered results above previously communicated expectations. The company provided a full-year 2020 forecast, reflecting like-for-like currency-neutral adjusted diluted EPS growth in the low-to-mid single digits.

Philip Morris International Inc. reported a strong first quarter with reported diluted EPS of $1.17, up 34.5% from 2019. The company has withdrawn its 2020 full-year reported diluted EPS forecast due to uncertainty related to the COVID-19 pandemic and replaced it with a quarterly forecast. The company provided a 2020 second-quarter reported diluted EPS forecast of $1.00 to $1.10, reflecting an unfavorable currency impact of approximately $0.12.

Philip Morris International's Q4 2019 earnings were impacted by asset impairment and exit costs, primarily related to a plant closure in Germany. However, the company saw revenue growth driven by heated tobacco unit volume and favorable pricing. Adjusted diluted EPS was down 2.4%, but up 4.3% on a like-for-like basis.