MADRID, SPAIN - 2023/10/24: Pedestrians walk past the heated tobacco and electronic cigarette ... [+] products brand and manufactured by Philip Morris International (PMI), IQOS, seen in Madrid. (Photo by Xavi Lopez/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesPhilip Morris (NYSE: PM) recently reported its Q1 results, with revenues and earnings above the street estimates. The company reported revenue of $8.8 billion and adjusted earnings of $1.50 per share, compared to the ...

Its products might be controversial, but the company has many admirers in the investment community.Despite their reputation as "sin stocks," tobacco company shares have historically enjoyed rather wide popularity among investors. Many investors like them because of their high margins, robust cash flow, and the high dividends they typically pay. That outsized interest helps explain why more than a few analysts are bullish on the sector.Tobacco industry mainstay Philip Morris International (PM -1.11%) was the ...

The tobacco giant will soon be allowed to sell a proven product in a proven market.The tobacco industry is obviously still around, but there's no denying it's on the defensive. The smoking cessation movement has been whittling away at the number of worldwide smokers for decades, and there's no real growth in store for the traditional cigarette business.And yet, tobacco giant Philip Morris International (PM -1.11%) is still a compelling investment prospect that's about to get even better. On Wednesday, May 1 ...

Did you analyze how Philip Morris (PM) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this seller of Marlboro and other cigarette brands, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth pat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☑ 1934 For the quarterly period ended March 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to Commission File Number 001-33708 Philip Morris International Inc. (Exact name of registrant as specified in its charter) Virginia 13-3435 ...

Shares of the tobacco giant jumped on a strong earnings report.Shares of Philip Morris International (PM 3.83%) were moving higher today after the international tobacco giant posted strong results in its first-quarter earnings report, driven by growth in its IQOS heated tobacco sticks.The stock closed up 3.8% on the news. IQOS is heating up Philip Morris' stockPhilip Morris continued to make progress toward smoke-free products making a majority of its revenue as they represented 39% of revenue in the first ...

Philip Morris International Inc. (NYSE:PM) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Corporate Participants James Bushnell - VP, IR, and Financial Communications Emmanuel Babeau - Chief Financial Officer Jennifer Motles - Chief Sustainability Officer. Conference Call Participants Matt Smith - Stifel Bonnie Herzog - Goldman Sachs Owen Bennett - Jefferies Faham Baig - UBS Gaurav Jain - Barclays Callum Elliott – Bernstein Operator Good day, and thank you for standing by. Welcome to the Philip ...

For the quarter ended March 2024, Philip Morris (PM) reported revenue of $8.79 billion, up 8.6% over the same period last year. EPS came in at $1.50, compared to $1.38 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $8.44 billion, representing a surprise of +4.14%. The company delivered an EPS surprise of +6.38%, with the consensus EPS estimate being $1.41.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Financial Performance - Adjusted net revenues for the first quarter of 2024 reflect a significant impact from the termination of a distribution arrangement in the Middle East in 2023 [7]. - Total net revenues for Q1 2024 reached $8,793 million, a 9.7% increase compared to $8,019 million in Q1 2023 [22]. - Net revenues for the first quarter reached $8,793 million, reflecting an 8.6% increase compared to $8,019 million in the same period last year [25]. - Adjusted net revenues excluding currency and acquisitions were $8,987 million, representing an 11.0% increase from $8,099 million in the previous year [25]. - The company reported a currency impact of $(194) million on total revenues for Q1 2024 [22]. - Net revenues from combustible tobacco amounted to $5,407 million, reflecting a 3.5% growth year-over-year [22]. - Total smoke-free product revenues, excluding W&H, were $3,296 million, showing a 21.6% increase from $2,710 million in Q1 2023 [22]. - The company experienced a 30.8% increase in revenues from EA, AU & PMI DF, reaching $1,087 million in Q1 2024 [22]. - Revenues from the Americas region decreased by 5.6% to $534 million in Q1 2024 compared to $566 million in Q1 2023 [22]. - The company reported a 14.7% increase in net revenues from the Americas, reaching $996 million compared to $868 million in the same period last year [25]. - The total adjusted net revenues excluding currency for Europe were $3,531 million, reflecting a 2.3% increase from $3,451 million in Q1 2023 [28]. Earnings and Profitability - Reported diluted EPS for Q1 2024 was $1.38, representing a 7.8% increase from $1.28 in Q1 2023 [20]. - Adjusted diluted EPS, excluding currency effects, was $1.70 for Q1 2024, up 23.2% from $1.38 in Q1 2023 [20]. - Gross profit for the quarter was $5,614 million, up 10.1% from $5,101 million in Q1 2023 [28]. - Operating income for the quarter was $1,456 million, a 19.8% increase compared to $1,215 million in Q1 2023 [31]. - Reported Operating Income for the quarter ended March 31, 2024, was $3,045 million, an increase of 11.5% compared to $2,731 million in the same quarter of 2023 [36]. - Adjusted Operating Income for the same period was $3,360 million, reflecting an 11.3% increase from $3,019 million year-over-year [36]. - The overall Adjusted Operating Income Margin for the company was 38.2%, up from 37.3% in the same quarter of 2023 [41]. - The company anticipates continued growth in adjusted operating income, driven by market expansion and new product development initiatives [36]. Debt and Financial Stability - PMI's net debt position is closely monitored, with total debt less cash and cash equivalents being a key focus for financial stability [8]. - Total debt increased to $50,387 million, compared to $47,909 million at the end of December 2023 [47]. - The company reported a total debt to adjusted EBITDA ratio of 3.46, up from 3.38 in December 2023 [47]. - Cash and cash equivalents increased to $3,968 million, compared to $3,060 million at the end of December 2023 [45]. - Net cash provided by operating activities, excluding currency effects, was $605 million, a significant recovery from a cash outflow of $955 million in Q1 2023 [49]. Strategic Initiatives and Market Position - The company continues to expand its Wellness and Healthcare segment, consolidating operations from recent acquisitions including Fertin Pharma and Vectura Group [4]. - PMI's total IQOS users are estimated to be significant, with a notable percentage having switched from traditional smoking to PMI's heat-not-burn products [14]. - The company continues to focus on expanding its smoke-free product offerings and enhancing market presence through strategic acquisitions and product innovation [27]. - PMI anticipates continued growth in its smoke-free product lines, aiming to capture a larger share of the reduced-risk product market [12]. Acquisitions and Adjustments - PMI reported a fair value step-up adjustment for inventories of $146 million related to the acquisition of Swedish Match, with $125 million recognized in cost of sales in Q4 2022 [11]. - The acquisition of Swedish Match AB contributed positively to the adjusted EPS, with an income tax impact of $0.07 in Q1 2024 [20]. - The company experienced a 100% impairment related to the termination of a distribution arrangement in the Middle East, impacting reported income [36]. - Amortization of intangibles increased by 48.1% to $120 million compared to $81 million in the previous year [36]. - The acquisition-related accounting items from Swedish Match AB contributed an additional $18 million to the reported income [36]. Regional Performance - The Americas region experienced a decline in operating income of 45.9%, dropping to $99 million from $183 million in Q1 2023 [31]. - In Europe, Reported Operating Income rose to $1,456 million, a 19.8% increase from $1,215 million in the previous year [36]. - Adjusted Operating Income in the SSEA, CIS & MEA region was $777 million, down 8.7% from $851 million in the prior year [38].

Investors are always looking for stocks that are poised to beat at earnings season and Philip Morris International Inc. (PM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Philip Morris International is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date informatio ...