Financial Performance - Altria's adjusted diluted EPS increased by 3.6% from $1.40 in Q3 2024 to $1.45 in Q3 2025[8] - For the first nine months of 2025, Altria returned nearly $6 billion to shareholders, including $5.2 billion in dividends and $712 million in share repurchases[98] - Altria increased its quarterly dividend by 3.9% to $1.06 per share[19] - The company expanded its existing share repurchase program from $1 billion to $2 billion[19] - The company is raising the lower-end of its full-year 2025 guidance range and now expects to deliver adjusted diluted EPS in a range of $5.37 to $5.45, representing a growth rate of 3.5% to 5.0% from 2024[95] Oral Tobacco Category - The oral tobacco industry volume increased by 14.5% for the six months ended September 30, 2025[22] - Oral nicotine pouches retail share of the oral tobacco category increased by 11.1 percentage points from Q3 2024 to Q3 2025, reaching 55.7%[22] - on! reported shipment volume increased by 0.7% in Q3 2025, with 42.2 million cans shipped[25] - For the nine months ended September 30, 2025, on! reported shipment volume increased by 14.8% to 133.6 million cans[25] - on!'s share of the oral tobacco category increased by 0.8 percentage points to 8.7% for the nine months ended September 30, 2025[28] Regulatory and Enforcement - Horizon submitted a combined PMTA & MRTPA to the FDA[32] - The FDA launched a pilot program to streamline PMTA reviews for oral nicotine pouches, and applications for on! PLUS are included in the program[47, 49]
Altria(MO) - 2025 Q3 - Earnings Call Presentation