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Philip Morris International logoPhilip Morris International PM

PMI said reported diluted EPS for Q1 2024 rose 7.8% to $1.38, and adjusted diluted EPS rose 8.7% to $1.50. Excluding the $(0.20) currency impact, adjusted diluted EPS rose 23.2% to $1.70.

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

Key points

AI summary
  1. PMI said reported diluted EPS for Q1 2024 rose 7.8% to $1.38, and adjusted diluted EPS rose 8.7% to $1.50. Excluding the $(0.20) currency impact, adjusted diluted EPS rose 23.2% to $1.70.

  2. Philip Morris International said net revenues for Q1 rose to $8,793 million, up 9.7% on a reported basis (11.0% organic). It said operating income rose to $3,045 million, up 11.5% on a reported basis (22.2% organic).

  3. The company said it expects full-year 2024 reported diluted EPS of $5.70 to $5.82 and adjusted diluted EPS of $6.19 to $6.31. Excluding currency, it expects adjusted diluted EPS of $6.55 to $6.67, an increase of 9.0% to 11.0%. Operating cash flow is expected to be $10 billion to $11 billion.

Summary

AI-written

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

PMI Reports Q1 Reported Diluted EPS of $1.38, Adjusted Diluted EPS of $1.50

PMI said reported diluted EPS for Q1 2024 rose 7.8% to $1.38, and adjusted diluted EPS rose 8.7% to $1.50. Excluding the $(0.20) currency impact, adjusted diluted EPS rose 23.2% to $1.70.

Source · Based on the filing body and exhibits

PMI Reports Q1 Net Revenues of $8,793 million, Operating Income of $3,045 million

Philip Morris International said net revenues for Q1 rose to $8,793 million, up 9.7% on a reported basis (11.0% organic). It said operating income rose to $3,045 million, up 11.5% on a reported basis (22.2% organic).

Source · Based on the filing body and exhibits

Full-Year 2024 EPS Outlook and Cash Flow Outlook

The company said it expects full-year 2024 reported diluted EPS of $5.70 to $5.82 and adjusted diluted EPS of $6.19 to $6.31. Excluding currency, it expects adjusted diluted EPS of $6.55 to $6.67, an increase of 9.0% to 11.0%. Operating cash flow is expected to be $10 billion to $11 billion.

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.