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.
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Philip Morris International Inc. (PMI) will host a live audio webcast to discuss its 2023 Fourth-Quarter and Full-Year financial results, including discussion of PMI’s financial results and a Q&A session with the investment community and news media. PMI is a leading international tobacco company working to deliver a smoke-free future and evolving its portfolio for the long term. Since 2008, PMI has invested more than USD 10.5 billion to develop smoke-free products, and as of September 30, 2023, PMI's smoke-free products accounted for approximately 36.2% of its total third-quarter net revenues.
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Philip Morris International's Global Chief Communications Officer, Moira Gilchrist, provided clarification on the company's marketing practices and facts related to ZYN nicotine pouches. The press release aims to address any potential misconceptions and provide transparency on the matter.
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Philip Morris International Inc. (PMI) released a white paper and survey examining the influence of the Fifth Estate on public discourse. The Fifth Estate, including independent commentators, social media users, and online communities, poses challenges and opportunities for established institutions. The survey shows that two-thirds of people get news and information from nonmainstream sources, impacting their daily lives.
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Philip Morris International Inc. (PMI) (NYSE: PM) announced senior management changes to accelerate its transition to a smoke-free company. Moira Gilchrist will be promoted to Chief Communications Officer, and Marian Salzman will become SVP & Chief Corporate Citizenship Officer effective January 1, 2024. Moira has been with PMI since 2006 and will report to CEO Jacek Olczak. Marian will focus on developing PMI's business in the U.S. market.
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Philip Morris International Inc. (PMI) (NYSE: PM) has been included in the Dow Jones Sustainability™ World Index for the first time, and for the fourth consecutive year in the Dow Jones Sustainability™ North America Composite Index. The company’s ISS ESG corporate rating was also upgraded to ‘prime’ status. PMI scored 85 out of 100 in the 2023 S&P Global Corporate Sustainability Assessment, reflecting a significant increase of 21 points since 2018. PMI is the only company in the tobacco industry to receive Prime status qualification. The company's approach to sustainability is deeply embedded in its corporate strategy and is a true opportunity for innovation, growth, and purpose-led, impact-driven, long-term value creation.
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Philip Morris International Inc. (NYSE: PM) declares a regular quarterly dividend of $1.30 per common share, payable on January 10, 2024, to shareholders of record as of December 21, 2023. The ex-dividend date is December 20, 2023. PMI is a leading international tobacco company working towards a smoke-free future, investing over USD 10.5 billion in developing smoke-free products. PMI acquired Swedish Match, a leader in oral nicotine delivery, and aims to expand into wellness and healthcare areas through its Vectura Fertin Pharma business.
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Philip Morris International Inc. (PMI) (NYSE: PM) CFO, Emmanuel Babeau, will address investors at the Morgan Stanley Global Consumer & Retail Conference in New York City. PMI reaffirms its 2023 full-year reported diluted EPS forecast of $4.95 to $4.98, representing a projected currency-neutral increase of 10.0% to 10.5% versus adjusted diluted EPS of $5.98 in 2022.
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Philip Morris International Inc. (PMI) (NYSE: PM) Chief Financial Officer, Emmanuel Babeau, will hold a Fireside Chat Q&A session at the 2023 Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 5, 2023, at 09:30 a.m. ET. PMI is a leading international tobacco company working to deliver a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. Since 2008, PMI has invested more than USD 10.5 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke. In November 2022, PMI acquired Swedish Match – a leader in oral nicotine delivery – creating a global smoke-free champion led by the companies’ IQOS and ZYN brands. As of September 30, 2023, PMI's smoke-free products were available for sale in 82 markets, and PMI estimates that approximately 19.7 million adults around the world had already switched to IQOS and stopped smoking. Smoke-free products accounted for approximately 36.2% of PMI’s total third-quarter 2023 net revenues. PMI announced in February 2021 its ambition to expand into wellness and healthcare areas and, through its Vectura Fertin Pharma business, aims to enhance life through the delivery of seamless health experiences.
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Philip Morris International Inc. (PMI) (NYSE: PM) has appointed Travis Parman as Vice President, Chief Communications Officer, U.S., to lead the company's communications as it progresses toward its goal of delivering a smoke-free future. PMI is a leading international tobacco company investing in smoke-free products and aiming to completely end the sale of cigarettes. As of September 30, 2023, PMI's smoke-free products were available for sale in 82 markets, and approximately 19.7 million adults had already switched to IQOS and stopped smoking. Smoke-free products accounted for approximately 36.2% of PMI’s total third-quarter 2023 net revenues.
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Philip Morris International Inc. (PM) CEO presents at the CECP 2023 CEO Investor Forum, focusing on sustainability, performance, and progress. The presentation highlights PMI's sustainable value creation strategy, low-carbon transition plan, and focus on developing less harmful smoke-free products to replace cigarettes.
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FAQ
What is the current stock price of Philip Morris International (PM)?
The current stock price of Philip Morris International (PM) is $129.99 as of November 22, 2024.
What is the market cap of Philip Morris International (PM)?
The market cap of Philip Morris International (PM) is approximately 204.0B.
What is Philip Morris International Inc. known for?
Philip Morris International Inc. is known for its flagship product, Marlboro, and is a leading multinational tobacco company.
In how many countries are Philip Morris International's products sold?
Philip Morris International's products are sold in over 180 countries worldwide.
What are some of the reduced-risk products offered by Philip Morris International?
The company offers heat-not-burn devices, vapor products, and oral nicotine products as part of its reduced-risk portfolio.
What strategic acquisitions has Philip Morris International made recently?
Philip Morris International recently acquired Swedish Match in 2022 and Vectura in 2021 to diversify its product offerings.
What is Swedish Match known for?
Swedish Match is known for manufacturing traditional oral tobacco products and nicotine pouches, primarily in the US and Scandinavia.
What does Vectura specialize in?
Vectura specializes in innovative inhaled drug delivery solutions, marking Philip Morris International's entry into the healthcare sector.
How does Philip Morris International plan to reduce the harmful effects of tobacco?
Philip Morris International focuses on developing and marketing reduced-risk products like heat-not-burn devices and vapor products to reduce the harmful effects of tobacco.
Where can I find the latest news about Philip Morris International?
The latest news about Philip Morris International can be found on their official website and other financial news platforms.
What is the financial condition of Philip Morris International?
Philip Morris International has shown resilience and adaptability, sustaining growth through an evolving product lineup and strategic acquisitions.
Why is Philip Morris International considered part of 'Big Tobacco'?
Philip Morris International is considered part of 'Big Tobacco' due to its significant influence and market presence in the global tobacco industry.
Philip Morris International Inc.