The company said its Q1 2025 net revenues decreased 5.7% to $5,259 million, and its reported diluted EPS decreased 47.9% to $0.63. Its adjusted diluted EPS increased 6.0% to $1.23.

1. 01

   The company said its Q1 2025 net revenues decreased 5.7% to $5,259 million, and its reported diluted EPS decreased 47.9% to $0.63. Its adjusted diluted EPS increased 6.0% to $1.23.

2. 02

   The company said it recorded a non-cash impairment charge of $873 million to the e-vapor reporting unit goodwill in Q1 2025 as a result of the ITC orders going into effect. The impairment is not deductible for tax purposes, so there was no income tax benefit associated with it.

3. 03

   Altria said it repurchased 5.7 million shares at an average price of $56.97 for a total cost of $326 million in Q1 2025, and paid $1.7 billion in dividends. As of March 31, $674 million remained under its currently authorized $1 billion share repurchase program.

4. 04

   Altria reaffirmed its 2025 full-year adjusted diluted EPS guidance of $5.30 to $5.45, which it said represents a growth rate of 2% to 5% from a base of $5.19 in 2024. The company said its guidance and 2024 base were recast to exclude amortization of intangibles.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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