Philip Morris International to Host Webcast of 2024 Second-Quarter and First-Half Results

Rhea-AI Summary

Philip Morris International (NYSE: PM) will host a live audio webcast on July 23, 2024, at 9:00 a.m. ET to discuss its 2024 second-quarter and first-half results. The webcast, hosted by CFO Emmanuel Babeau, will be available at www.pmi.com/2024Q2earnings. PMI, a leading tobacco company, is actively pursuing a smoke-free future and diversifying its portfolio beyond tobacco and nicotine products.

Key highlights:

• PMI has invested over $12.5 billion in smoke-free products since 2008
• Smoke-free products accounted for 37% of PMI's total 2023 net revenues
• PMI's smoke-free products are available in 84 markets
• Approximately 33 million adults globally use PMI's smoke-free products

Positive

• Smoke-free products accounted for 37% of PMI's total 2023 net revenues
• PMI's smoke-free products are available in 84 markets
• Approximately 33 million adults globally use PMI's smoke-free products
• PMI acquired Swedish Match, creating a global smoke-free champion

Negative

• None.

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:

Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2024Q2earnings on Tuesday, July 23, 2024, at 9:00 a.m. ET, to discuss its 2024 second-quarter and first-half results, which will be issued at approximately 7:00 a.m. ET the same day.

The webcast will be hosted by Emmanuel Babeau, Chief Financial Officer, and will include a discussion of PMI’s financial results and a Q&A session with the investment community. The webcast will be in a listen-only mode.

The webcast may also be accessed on mobile devices by downloading PMI’s Investor Relations App at www.pmi.com/irapp.

The webcast recording and the slides and script will be available at www.pmi.com/2024Q2earnings. The recording will be available until 5:00 p.m. ET on Friday, August 23, 2024.

Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International (PMI) is a leading international tobacco company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products. Since 2008, PMI has invested over $12.5 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. In 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. The U.S. Food and Drug Administration has authorized versions of PMI’s IQOS devices and consumables and Swedish Match’s General snus as Modified Risk Tobacco Products. As of December 31, 2023, PMI's smoke-free products were available for sale in 84 markets, and PMI estimates that approximately 33 million adults around the world use PMI's smoke-free products. Smoke-free business accounted for approximately 37% of PMI’s total full-year 2023 net revenues. With a strong foundation and significant expertise in life sciences, 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. For more information, please visit www.pmi.com and www.pmiscience.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240716572093/en/

Philip Morris International

Investor Relations:

Stamford, CT: +1 (203) 904 2410

Lausanne: +41 (0)58 242 4666

Email: InvestorRelations@pmi.com



Media: David Fraser

Lausanne: +41 (0)58 242 4500

Email: David.Fraser@pmi.com

Source: Philip Morris International

FAQ

When will Philip Morris International (PM) release its Q2 2024 earnings?

Philip Morris International (PM) will release its Q2 2024 earnings on Tuesday, July 23, 2024, at approximately 7:00 a.m. ET.

How can I access Philip Morris International's (PM) Q2 2024 earnings webcast?

You can access Philip Morris International's (PM) Q2 2024 earnings webcast at www.pmi.com/2024Q2earnings on Tuesday, July 23, 2024, at 9:00 a.m. ET.

What percentage of Philip Morris International's (PM) 2023 net revenues came from smoke-free products?

Smoke-free products accounted for approximately 37% of Philip Morris International's (PM) total full-year 2023 net revenues.

How much has Philip Morris International (PM) invested in smoke-free products since 2008?

Philip Morris International (PM) has invested over $12.5 billion to develop, scientifically substantiate, and commercialize innovative smoke-free products since 2008.