The company said net revenues for Q1 2024 decreased to $5,576 million, down 2.5%, while reported diluted EPS was $1.21, up 21.0%, and adjusted diluted EPS was $1.15, down 2.5%.

1. 01

   The company said net revenues for Q1 2024 decreased to $5,576 million, down 2.5%, while reported diluted EPS was $1.21, up 21.0%, and adjusted diluted EPS was $1.15, down 2.5%.

2. 02

   Altria said it sold 35 million ABI ordinary shares in a global secondary offering in March, and ABI repurchased about 3.3 million shares from the company, for aggregate proceeds of about $2.4 billion. It said its remaining stake in ABI is about 8.1%.

3. 03

   Altria said its board approved a $2.4 billion increase to the existing $1.0 billion share repurchase program, bringing the total to $3.4 billion. The company also said it received about 46.5 million shares, representing 85% of the ASR program, on March 19.

4. 04

   Altria said net revenues in its smokeable products segment decreased to $4,906 million, down 3.6%, and adjusted OCI decreased to $2,451 million, down 2.5%. The company cited lower shipment volume and higher promotional investments as factors.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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