Philip Morris International Inc. - PM STOCK NEWS

Philip Morris International (NYSE: PM) announced at the 2024 Deutsche Bank Global Consumer Conference that it is raising its 2024 full-year reported and adjusted diluted EPS forecast due to favorable currency factors. The revised forecast for reported diluted EPS is $5.77 to $5.89, with adjusted diluted EPS expected to be $6.26 to $6.38, representing a 4.2% to 6.2% increase compared to 2023. Excluding currency impacts, this translates to a growth forecast of 9.0% to 11.0%. The positive outlook is supported by strong momentum in their IQOS and ZYN products and the resilience of their combustible business.

Philip Morris International (PMI) will be hosting a live webcast at the 2024 Deutsche Bank Global Consumer Conference on June 4, 2024, at 8:30 a.m. CET (2:30 a.m. ET).

The session will feature remarks and a Q&A with CFO Emmanuel Babeau. The webcast, including presentation slides, will be available on www.pmi.com/2024deutschebank and through PMI's Investor Relations Mobile App. An archived copy will be accessible until July 5, 2024.

PMI aims to deliver a smoke-free future and has invested over $12.5 billion in smoke-free products since 2008. Their portfolio includes both cigarettes and smoke-free products, with smoke-free products accounting for 37% of their 2023 net revenues. PMI continues to expand into wellness and healthcare sectors through Vectura Fertin Pharma.

Philip Morris International Inc. (NYSE: PM) conducted its 2024 Annual Meeting of Shareholders, featuring an address by Executive Chairman André Calantzopoulos and a business presentation by CEO Jacek Olczak. The company highlighted its strong performance in 2023, rapid progress in smoke-free products, excellent momentum in heat-not-burn and nicotine pouch categories, and continued dedication to sustainability and rewarding shareholders. PMI's strategy to transition into a smoke-free company has yielded significant growth, with smoke-free products contributing nearly 40% of total net revenues and over 40% of gross profit in Q4 2023. The meeting saw strong shareholder participation, with the election of 12 directors, approval of executive compensation, and ratification of auditors. PMI will release final voting results in a Form 8-K filing with the SEC. The webcast and presentation materials will be available on the company's website.

Philip Morris International Inc. presented at the Jefferies Virtual Reduced Risk Seminar, focusing on the science of smoke-free products and nicotine, as well as innovation in smoke-free products. PMI is actively working towards a smoke-free future and has invested in developing smoke-free products to replace cigarettes. The company acquired Swedish Match in 2022, expanding its product portfolio. PMI's smoke-free products were available in 84 markets by the end of 2023, with approximately 33 million adults using them. The smoke-free business accounted for about 37% of PMI's total revenues in 2023.

Philip Morris International Inc. (PMI) will present at the 2024 Jefferies Virtual Reduced Risk Seminar on May 7, 2024, showcasing their commitment to a smoke-free future. The company has invested significantly in developing innovative smoke-free products, with a portfolio that includes cigarettes and other alternatives. PMI's smoke-free products are authorized by the FDA and are available in 84 markets worldwide. In 2022, PMI acquired Swedish Match, a leader in oral nicotine delivery, further solidifying their position in the smoke-free market. With a strong focus on scientific research and expansion into wellness and healthcare, PMI aims to enhance life through health experiences.

Philip Morris International Inc. (PMI) will host a live webcast of its 2024 Annual Meeting of Shareholders on May 8, 2024, accessible at www.virtualshareholdermeeting.com/PM2024. The company is actively working towards a smoke-free future, investing in innovative smoke-free products. PMI acquired Swedish Match in 2022, expanding its presence in oral nicotine delivery. The smoke-free business accounted for 37% of PMI's total revenue in 2023.

Philip Morris International (PM) reports a strong first-quarter performance with significant growth in net revenues and gross profit. The smoke-free business continues to thrive, accounting for 39% of total net revenues. IQOS maintains its position as a leading nicotine brand, showing growth in markets worldwide. ZYN nicotine pouches experience substantial growth in the U.S., with a market share increase to over 74%. Despite challenges in currency volatility, PM remains optimistic about robust growth and value creation, leading to an increase in full-year guidance.

Philip Morris International (PM) will host a webcast to discuss its 2024 first-quarter results, focusing on its smoke-free products and expansion into wellness and healthcare areas.

Philip Morris International Inc. (PMI) releases its fifth annual Integrated Report, highlighting its progress towards a smoke-free future and sustainability goals. The report showcases PMI's expansion of smoke-free alternatives, social and environmental initiatives, and commitment to an empowered workplace. PMI's sustainability strategy focuses on product and operational impacts, with impressive statistics on smoke-free products, environmental programs, and diversity in management positions.