Welcome to our dedicated page for Philip Morris International news (Ticker: PM), a resource for investors and traders seeking the latest updates and insights on Philip Morris International stock.
Philip Morris International Inc. (PM) is a leading American multinational tobacco company that has built a global presence with its products being sold in over 180 countries. Known for its flagship product, Marlboro, Philip Morris International is a major player in the tobacco industry, often referred to as part of 'Big Tobacco'.
The company's portfolio is extensive, primarily consisting of traditional cigarettes but also embracing reduced-risk products. These include heat-not-burn devices, vapor products, and oral nicotine products, which are marketed in regions outside the United States. Recent strategic moves highlight their shift towards diversification. In 2022, Philip Morris International acquired Swedish Match, a prominent manufacturer of traditional oral tobacco products and nicotine pouches, boosting their presence in the US and Scandinavian markets.
In a bid to expand beyond nicotine-based products, Philip Morris International acquired Vectura in 2021. Vectura specializes in innovative inhaled drug delivery solutions, marking the company's foray into the healthcare sector.
Financially, Philip Morris International has demonstrated resilience and adaptability, managing to sustain growth through an evolving product lineup and strategic acquisitions. With a strong focus on innovation and a commitment to reducing the harmful effects of tobacco, the company is well-positioned to navigate the challenges of an industry in transition.
Philip Morris International's latest news can be found on their official website, providing current updates on their financial performance, new product launches, partnerships, and other significant developments.
Philip Morris International (NYSE: PM) has suspended all planned investments in Russia, ceasing new product launches and scaling down manufacturing operations. This decision comes amidst ongoing supply chain disruptions and an evolving regulatory environment. CEO Jacek Olczak highlighted the company's commitment to supporting over 1,000 employees in Ukraine, facilitating evacuations, and providing aid. PMI has pledged USD 10 million for humanitarian efforts and matched employee donations, totaling over USD 300,000. In 2021, Russia represented approximately 6% of PMI's net revenues.
Philip Morris International (PM) has temporarily suspended its operations in Ukraine, including the Kharkiv factory, due to safety concerns for its employees amidst ongoing conflict. This region accounted for approximately 2% of the company's total cigarette and heated tobacco unit shipments and net revenues in 2021. Over 1,300 employees are affected, and PMI has contingency plans to resume operations once conditions allow. The company remains focused on delivering a smoke-free future, investing over USD 9 billion in smoke-free products since 2008.
Philip Morris International Inc. (NYSE: PM) presented at the 2022 Consumer Analyst Group of New York Virtual Conference, highlighting its transition to a smoke-free business by 2025. CEO Jacek Olczak and CFO Emmanuel Babeau emphasized a robust financial model driving this transformation. PMI aims for over 5% organic net revenue growth and more than 9% adjusted diluted EPS growth from 2021 to 2023. Despite ongoing geopolitical tensions involving Russia and Ukraine, PMI anticipates no material business impact. PMI has invested over USD 9 billion since 2008 in smoke-free innovations.
Philip Morris International (NYSE: PM) will release a pre-recorded business presentation by CEO Jacek Olczak and CFO Emmanuel Babeau at the Consumer Analyst Group of New York (CAGNY) virtual conference. The video will be available from February 23, 2022, at 9:10 a.m. ET until March 24, 2022. PMI is committed to a smoke-free future, having invested over USD 9 billion since 2008 to develop smoke-free products, which are available in 71 markets. Approximately 15.3 million adults have switched to PMI's IQOS products to date.
Philip Morris International (NYSE: PM) reported a strong performance for Q4 and full-year 2021, with diluted EPS increasing to $5.83, up 13%. Adjusted EPS rose to $6.08, marking a 17.6% growth. The company saw significant growth in heated tobacco products, with unit shipments up 24.8% and market share in IQOS markets increasing to 6.8%. The regular quarterly dividend was raised by 4.2%. Looking ahead, PMI forecasts 2022 diluted EPS between $6.12 and $6.30, reflecting an 8-11% growth despite potential operational uncertainties.
Philip Morris International (NYSE: PM) will host a live audio webcast on February 10, 2022, at 9:00 a.m. ET, discussing its 2021 Fourth-Quarter and Full-Year results. The announcement will be made at approximately 7:00 a.m. ET. Chief Financial Officer Emmanuel Babeau and CEO Jacek Olczak will provide insights and answer questions from the investment community. The webcast can be accessed on mobile via PMI's Investor Relations app. An archived copy will be available until March 11, 2022.
PMI is committed to transitioning the tobacco industry towards smoke-free products, with approximately 14.9 million adults having switched to IQOS as of September 30, 2021.
Philip Morris International Inc. (NYSE: PM) will redeem all outstanding 2.625% Notes due February 18, 2022, on January 18, 2022. As of December 13, 2021, $500 million of these notes are outstanding. Holders will receive 100% of the principal plus accrued interest. This redemption represents PMI's ongoing commitment to a smoke-free future, highlighting its shift towards smoke-free products and the successful marketing of IQOS. PMI aims to replace traditional cigarettes with smoke-free alternatives, benefiting both shareholders and society.
Philip Morris International (PM) appointed Ms. Dessislava Temperley to its Board of Directors on December 6, 2021. Temperley, with over 25 years in financial leadership, previously served as Group CFO at Beiersdorf AG and has held senior roles at Nestlé. PMI's Executive Chairman praised her strategic expertise, emphasizing her capability to enhance the company's performance amidst its transition to smoke-free products. PMI is committed to establishing a smoke-free future, with 14.9 million adults having switched to its IQOS product as of September 30, 2021.
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