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Philip Morris International logoPhilip Morris International PM

The company said its full-year 2023 net revenues were $35,174 million, up 10.7% as reported, and that adjusted net revenues grew 7.8% on an organic basis. Diluted EPS was $5.02, and adjusted diluted EPS was $6.01.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its full-year 2023 net revenues were $35,174 million, up 10.7% as reported, and that adjusted net revenues grew 7.8% on an organic basis. Diluted EPS was $5.02, and adjusted diluted EPS was $6.01.

  2. Philip Morris International said adjusted operating income for full-year 2023 grew 3.7% on an organic basis, with a substantial acceleration in the second half of the year. It cited the easing of supply chain disruptions and ILUMA-related factors, along with a growing contribution from smoke-free products.

  3. The company set its reported diluted EPS outlook for 2024 at $5.90 to $6.02 and its adjusted diluted EPS outlook at $6.32 to $6.44. It expects adjusted diluted EPS, excluding currency, to rise 7.0% to 9.0% from $6.01 in 2023.

Summary

AI-written

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. Some paragraphs were omitted because their support in the source could not be confirmed.

2023 Full-Year Net Revenues and EPS

The company said its full-year 2023 net revenues were $35,174 million, up 10.7% as reported, and that adjusted net revenues grew 7.8% on an organic basis. Diluted EPS was $5.02, and adjusted diluted EPS was $6.01.

Source · Based on the filing body and exhibits

2023 Full-Year Adjusted Operating Income and Company Explanation

Philip Morris International said adjusted operating income for full-year 2023 grew 3.7% on an organic basis, with a substantial acceleration in the second half of the year. It cited the easing of supply chain disruptions and ILUMA-related factors, along with a growing contribution from smoke-free products.

Source · Based on the filing body and exhibits

2024 Full-Year EPS Outlook

The company set its reported diluted EPS outlook for 2024 at $5.90 to $6.02 and its adjusted diluted EPS outlook at $6.32 to $6.44. It expects adjusted diluted EPS, excluding currency, to rise 7.0% to 9.0% from $6.01 in 2023.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.