$PM (Philip Morris International, Inc.)

$PM {{ '2016-07-19T14:29:04+0000' | timeago}} • Webcast

Cowen & Co. analyst Vivien Azer asks how iQOS' outsized demand in Japan has influenced the spending outlook in the 20 targeted markets. $PM CFO Jacek Olczak says that the company is aiming to commercialize iQOS in 20 markets by year-end. Due to iQOS demand in Japan, $PM cannot be in a situation where it can meet demand with supply concentration.

$PM {{ '2017-10-19T13:41:14+0000' | timeago}} • Infographic

$PM Philip Morris International Earnings AlphaGraphics: Q3 2017 highlights

$PM {{ '2017-10-19T11:33:26+0000' | timeago}} • Announcement

Tobacco giant $PM, which is shifting its business to smoke-free products, posted a 2% gain in 3Q17 profit as a marked growth in shipments of reduced risk products and broader market share pushed up revenues by 3.5% to $21Bil. Earnings per share advanced to $1.27 from $1.25 last year. Excluding the impact of unfavorable currency, earnings rose 11%.

$PM {{ '2017-09-13T14:59:07+0000' | timeago}} • Announcement

Tobacco giant $PM declared a quarterly dividend of $1.07 per share on its common shares, raising the annualized dividend rate by 2.9% to $4.28 per share. The dividend is payable on October 12, 2017, to shareholders of record on September 27, 2017.

$PM {{ '2017-09-12T12:44:39+0000' | timeago}} • Announcement

$PM is all set to embark on a transformation by shifting its business to smoke-free products. According to the company’s sustainability report, the focus will be on replacing cigarettes with smoke-free products. This year, Philip Morris intends to allocate over 70% of its global R&D expense and 30% of commercial expenditure to smoke-free products.

$MO {{ '2017-07-27T13:19:57+0000' | timeago}} • Announcement

$MO, which competes with $PM and $BTI, reaffirmed its 2017 adjusted EPS guidance of $3.26-3.32. This range represents a growth rate of 7.5-9.5% from an adjusted diluted EPS base of $3.03 in 2016. $MO still sees 2017 effective tax rate on operations of about 36%. $MO still expects higher adjusted diluted EPS growth in 2H17 compared to 1H.

$PM {{ '2017-07-20T14:28:19+0000' | timeago}} • Webcast

$PM said it remains on track to expand further into key international markets. The company continues to forecast operating cash flow of about $8.5Bil and capital expenditures of $1.6Bil for 2017. Going forward, the main focus will be on unblocking supply chains for Japan, a key market for Philip Morris.

$PM {{ '2017-07-20T13:48:04+0000' | timeago}} • Webcast

$PM expects total shipment volumes to decline 3-4% in the full fiscal year, broadly in line with last year. Overall performance in the international markets will remain muted in the coming quarters, due to unfavorable exchange rates. Currency-neutral net revenues are seen rising 7% this year.

$PM {{ '2017-07-20T13:07:46+0000' | timeago}} • Infographic

$PM Philip Morris International Earnings AlphaGraphics: Q2 2017 highlights

$PM {{ '2017-07-20T11:40:30+0000' | timeago}} • Announcement

$PM currently expects full-year 2017 EPS to be between $4.78 and $4.93, at the existing exchange rates. Adjusted for currency impact and other items, the projected EPS represents a 9-12% YoY increase. The company forecasts a net revenue growth of above 7% for  2017, excluding excise taxes and other items.

$PM {{ '2017-07-20T11:29:32+0000' | timeago}} • Announcement

$PM’s 2Q17 earnings dipped modestly to $1.14 per share as the strong dollar continued to drag the bottom line. Adjusted for unfavorable currency, earnings rose 8.7%. Revenues of the tobacco behemoth, excluding excise taxes, rose 4% YoY to $6.9Bil. The volume of cigarette and heated tobacco unit shipments dropped 5% to 199.9Bil during the quarter.

$PM {{ '2017-06-19T17:10:34+0000' | timeago}} • Announcement

$PM plans to invest about $320MM in a new high-tech facility in Dresden, Germany, to produce HEETS, the tobacco units to be used with the electronic tobacco heating device IQOS. Construction of the 80,000 m2 facility is scheduled to begin in late 2017. Once fully operational in early 2019, the factory is expected to employ about 500 people.

$PM {{ '2017-06-09T10:36:15+0000' | timeago}} • Announcement

Tobacco company $PM declared a regular quarterly dividend of $1.04 per common share. The dividend is payable on July 11, 2017, to shareholders of record as of June 23, 2017.

$PM {{ '2017-04-20T14:43:25+0000' | timeago}} • Webcast

$PM holds firmly to its conventional business in markets where it faces pressures of any kind. Italy is slightly complicated because the company has been focusing on the combustibles business while also building the base for the IQOS business. The tax structure in Italy is not supportive for narrowing the price. Germany and France are strong.

$PM {{ '2017-04-20T14:11:51+0000' | timeago}} • Announcement

$PM raised its FY17 EPS expectation range to $4.84-4.99. Excluding unfavorable currency impacts and tax items in 1Q17, the forecast range represents a projected increase of approx 9-12% versus adjusted EPS of $4.48 in 2016.

$PM {{ '2017-04-20T14:04:51+0000' | timeago}} • Infographic

$PM Philip Morris International Earnings AlphaGraphics: Q1 2017 highlights

$PM {{ '2017-04-20T14:04:38+0000' | timeago}} • Announcement

Cigarette maker $PM reported net revenues of $16.6Bil in 1Q17, down 1.4%, as cigarette and heated tobacco shipment volume fell 9.4% YoY. Excluding excise taxes, revenue was down 0.3% to $6.1Bil. Net earnings attributable to $PM were $1.59Bil, or $1.02 per share, compared to $1.53Bil, or $0.98 per share in 1Q16. Adjusted EPS stood at $0.98.

$PM {{ '2017-02-02T15:40:20+0000' | timeago}} • Webcast

$PM stated that there were some price increases but there was nothing exceptional during 4Q16. The company believes the pricing was relatively the same across segments in absolute terms in the majority of markets so there were no pricing gaps.

$PM {{ '2017-02-02T15:30:06+0000' | timeago}} • Webcast

$PM said in Russia, there was higher inventory but the reaction to price rollouts in the markets was normal. The company expects some of this to unwind during 2017. IQOS volumes versus the combustible volumes in Japan is hard to predict so there might be some temporary disallocation of inventories due to sales.

$PM {{ '2017-02-02T15:05:31+0000' | timeago}} • Webcast

In Japan, $PM’s 2016 cigarette market share declined by 0.4 points to 24.9% due mainly to the impact of HeatSticks. The company’s combined market share including cigarettes and HeatSticks increased by 1.7 points to 27.1% in 2016 and by 3.1 points to 28.3% in 4Q16.

$PM {{ '2017-02-02T14:58:25+0000' | timeago}} • Webcast

$PM's cigarette market share, excluding China and the US, declined by 0.6 points in 2016. Cigarette share for the balance of the company’s portfolio was essentially stable. Marlboro continues its widespread growth with cigarette share increases in Asia, Latin America and Canada.

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