Welcome to our dedicated page for Philip Morris news (Ticker: PM), a resource for investors and traders seeking the latest updates and insights on Philip Morris stock.
Philip Morris International (PM) maintains a dynamic presence in global markets through strategic initiatives and product evolution. This news hub provides investors and industry observers with essential updates about the company's financial performance, reduced-risk product developments, and regulatory engagements.
Access timely press releases and curated analysis covering PM's quarterly earnings, market expansion strategies, and innovations in smoke-free alternatives like heatsticks and oral nicotine products. Our repository simplifies tracking of critical milestones including acquisition announcements, sustainability efforts, and leadership changes impacting this tobacco industry leader.
All content undergoes rigorous verification to ensure accuracy and relevance for stakeholders monitoring PM's transition toward reduced-risk portfolios. Bookmark this page for streamlined access to operational updates and strategic disclosures from one of the world's largest publicly traded tobacco enterprises.
Philip Morris International (PM) has launched the third funding round of PMI IMPACT, an initiative aimed at combating illegal trade. Projects addressing various forms of illicit trade, including counterfeit goods and illicit tobacco, are now invited for funding. Applications are accepted from global organizations until deadlines on Sept. 15, 2021, Feb. 15, 2022, and Aug. 15, 2022. PMI has allocated $48 million to date across 60 projects in 30 countries, from a pledged $100 million for these funding rounds. The initiative emphasizes the need for innovative solutions, particularly in light of COVID-19's impact on trade.
Philip Morris International (PMI) has launched the United to Safeguard America from Illegal Trade (USA-IT) initiative aimed at combating illegal trade across eight U.S. states including California and Florida. The campaign seeks to raise awareness and equip local officials and law enforcement with resources to tackle black market issues exacerbated by the COVID-19 pandemic. PMI collaborates with various organizations to tackle counterfeit goods, which have surged nearly 40 percent since January 2020, and emphasizes the need for public-private partnership in combating the issue.
Philip Morris International (NYSE:PM) CFO Emmanuel Babeau will present today at the Deutsche Bank Global Consumer Conference, starting at 8:00 a.m. ET. A live audio call can be accessed at www.pmi.com/2021deutschebank. PMI reaffirms its adjusted diluted EPS forecast for 2021 of $5.95 to $6.05, representing an 11% to 13% increase over 2020. The company projects second-quarter adjusted diluted EPS between $1.50 and $1.55, aided by strong growth in heated tobacco unit shipments, particularly in the EU, Japan, and Russia. PMI will report Q2 earnings on July 20, 2021.
Philip Morris International (NYSE: PM) is set to host a virtual audio call featuring Emmanuel Babeau, CFO, at the Deutsche Bank Global Consumer Conference on June 8, 2021, at 8:00 a.m. ET. Interested participants can register for dial-in details at www.pmi.com/2021deutschebank. This call aims to discuss PMI’s ongoing shift towards smoke-free products, reflecting its commitment to public health, with approximately 14 million adults having already transitioned to IQOS as of March 31, 2021.
Philip Morris International (PMI) has released its latest Scientific Update, highlighting research on smoke-free alternatives and new initiatives for products devoid of tobacco and nicotine. The report details achievements from 2020 and ongoing research, including the FDA's authorization of the IQOS tobacco heating system as a modified risk tobacco product. PMI is committed to transforming the tobacco industry by replacing cigarettes with healthier options, currently offering smoke-free products in 66 markets.
Philip Morris International (NYSE: PM) CEO Jacek Olczak addressed investors today at the Goldman Sachs Global Staples Forum, focusing on the company's transformation towards a smoke-free future. PMI aims to replace cigarettes with smoke-free alternatives, benefiting smokers and society. The company operates in 66 markets, and as of March 31, 2021, around 14 million adults have switched to its IQOS device. A live webcast of the session is available, alongside slides on PMI's investor relations page.
Philip Morris International (PMI) released its Integrated Report 2020, outlining its ESG performance and plans for a smoke-free future. PMI aims to transition over 40 million adult smokers to smoke-free products by 2025, with those products constituting over 50% of total revenue. The report highlights a 23.8% revenue contribution from smoke-free products in 2020, a substantial increase from 0.2% in 2015. PMI also announced new 2025 goals for market availability and revenue from beyond nicotine products. The report emphasizes the integration of sustainability into corporate strategy.
The FDA has initiated a public comment period regarding Philip Morris International's (PM) application to market the IQOS 3 as a Modified Risk Tobacco Product (MRTP). This application seeks similar reduced exposure marketing orders previously granted for the IQOS 2.4 system. The IQOS 3 features technological advancements like longer battery life. PMI emphasizes its commitment to a smoke-free future and has invested over $8 billion in smoke-free products. The company aims to replace traditional cigarettes with scientifically substantiated alternatives.
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