LAUSANNE, Switzerland--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) today announced the launch of IQOS ILUMA i, the latest and most innovative addition to its growing portfolio of smoke-free products for adults who would otherwise continue to smoke or use nicotine products. Today, this range of better alternatives to cigarettes includes multiple generations of IQOS, the No. 1 tobacco heating system.1 The launch also marks the 10-Year anniversary of IQOS, originally launching in Nagoya, ...

Philip Morris (PM) closed the most recent trading day at $94.67, moving +0.28% from the previous trading session. This change lagged the S&P 500's 1.12% gain on the day. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.Prior to today's trading, shares of the seller of Marlboro and other cigarette brands had gained 4.9% over the past month. This has outpaced the Consumer Staples sector's gain of 1.98% and the S&P 500's gain of 2.06% in that time.Ana ...

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Philip Morris International Inc. (NYSE: PM) today declared a regular quarterly dividend of $1.30 per common share, payable on April 9, 2024, to shareholders of record as of March 21, 2024. The ex-dividend date is March 20, 2024. For more details on stock, dividends and other information, see www.pmi.com/dividend. Philip Morris International: Delivering a Smoke-Free Future Philip Morris International (PMI) is a leading international ...

STAMFORD, Conn.--(BUSINESS WIRE)--Today, Philip Morris International (PMI) (NYSE: PM) announces the launch of an extended partnership via its U.S. business to support female empowerment with a record-setting $5 million investment in the Women’s Business Development Council (WBDC), a 501(c)(3) charitable organization dedicated to providing tools and resources to help women entrepreneurs thrive in business throughout Connecticut. Beginning January 2025, in coordination with WBDC, PMI’s U.S. business will c ...

The most recent trading session ended with Philip Morris (PM) standing at $89.96, reflecting a -0.51% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.52%. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.9%.Shares of the seller of Marlboro and other cigarette brands have depreciated by 0.47% over the course of the past month, underperforming the Consumer Staples sector's gain of 1.34% and the S&P 500's gain of 3.85%.Inv ...

Philip Morris (PM) ended the recent trading session at $91.56, demonstrating a +0.41% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.04%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.28%.Heading into today, shares of the seller of Marlboro and other cigarette brands had lost 0.02% over the past month, lagging the Consumer Staples sector's gain of 3.75% and the S&P 500's gain of 5.01% in that time.The investment community will be paying c ...

Philip Morris International Inc. (NYSE:PM) Consumer Analyst Group of New York (CAGNY) Conference February 21, 2024 10:00 AM ET Company Participants Jacek Olczak - Chief Executive Officer Emmanuel Babeau - Chief Financial Officer Stacy Kennedy - President of Americas & CEO of PMI U.S. Stefano Volpetti - President, Smoke-Free Inhaled Products & Chief Consumer Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Bonnie Herzog And thanks again for joining us today. So it's my pleasure to welcome P ...

Financial Forecast and Performance - The company reaffirms its 2024 full-year reported diluted EPS forecast of $5.90 to $6.02, representing a currency-neutral increase of 7% to 9% compared to the adjusted diluted EPS of $6.01 in 2023 [2] - Adjustments for 2024 include asset impairment, termination costs, tax impacts, and other items totaling $0.42 per share, with an additional unfavorable currency impact of $0.11 per share [2][3] - Adjusted diluted EPS for 2024 is projected to be $6.32 to $6.44, excluding adjustments and currency impacts [3] Smoke-Free Transformation and Product Portfolio - The company is progressing towards becoming a substantially smoke-free business by 2030, with smoke-free products accounting for approximately 37% of total full-year 2023 net revenues [3][8] - PMI has invested $12.5 billion since 2008 to develop and commercialize smoke-free products, aiming to end cigarette sales [8] - As of December 31, 2023, PMI's smoke-free products were available in 84 markets, with an estimated 20.8 million adults having switched to IQOS and stopped smoking [8] - The company's multi-category portfolio includes leading premium brands in heat-not-burn and oral nicotine, such as IQOS and ZYN [3][8] Strategic Initiatives and Acquisitions - PMI completed the acquisition of Swedish Match in 2022, creating a global smoke-free champion with a focus on oral nicotine delivery [8] - The company is conducting a strategic review of the U.S. cigar business as part of its integration efforts with Swedish Match [3] - PMI aims to expand into wellness and healthcare areas through its Vectura Fertin Pharma business, leveraging its expertise in life sciences [8] Market and Regulatory Environment - The U.S. Food and Drug Administration has authorized versions of PMI's IQOS Platform 1 devices and Swedish Match's General snus as Modified Risk Tobacco Products [8] - The company faces challenges such as excise tax increases, regulatory restrictions, and health concerns related to tobacco and nicotine products [6] - PMI is subject to risks from global economic, regulatory, and political developments, as well as the impact of conflicts like Russia's invasion of Ukraine [6]

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast of a presentation by Jacek Olczak, Chief Executive Officer, and Emmanuel Babeau, Chief Financial Officer, at the Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, February 21, 2024, at 10:00 a.m. ET. The live webcast and presentation slides will be available at www.pmi.com/2024cagny. The webcast replay will be available at the same link until Friday, March 22, ...

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