$MO (Altria Group Inc.)

$MO {{ '2016-04-28T15:01:38+0000' | timeago}} • Announcement

Tobacco and cigarette giant $MO reported higher 1Q16 results, helped by strong growth in its smokeable products segment. The company reported earnings of $1.22Bil. or $0.62 per share, compared with $1.02Bil, or $0.52 per share a year ago. Revenue rose 4.5% to $6.07Bil.

$MO {{ '2017-07-27T14:17:45+0000' | timeago}} • Infographic

$MO Altria Group Earnings AlphaGraphic: Q2 2017 Highlights

$MO {{ '2017-07-27T13:43:56+0000' | timeago}} • Announcement

$MO announced the expansion of its $3Bil share repurchase program to $4Bil, to be completed by the end of 2Q18. The company paid out nearly $2.4Bil in dividends and repurchasing $1.6Bil in shares in the 1H17.  As of June 30, 2017, $MO had about $335MM remaining in the previous share repurchase program.

$MO {{ '2017-07-27T13:39:58+0000' | timeago}} • Announcement

$MO said the smokeless products segment delivered strong results in 2Q17 as it rebounded from the effects of the 1Q recall. Smokeless products segment net revenues increased 7.8% in the quarter, primarily driven by higher pricing and volume, partially offset by unfavorable mix.

$MO {{ '2017-07-27T13:28:21+0000' | timeago}} • Announcement

$MO said total cigarette industry volumes declined by an estimated 4.5%, in part due to the large cigarette excise tax increase in California. The smokeable products segment's reported domestic cigarettes shipment volume declined by 2.9% in 2Q17, primarily driven by the industry’s rate of decline.

$MO {{ '2017-07-27T13:26:52+0000' | timeago}} • Announcement

$MO's smokeable products segment delivered strong income growth in 2Q17 despite a large cigarette excise tax increase in California, which negatively impacted volume and retail share in the second quarter. Smokeable products segment net revenues rose by 1.6%, as higher pricing was partially offset by lower volume and higher promotional investments.

$MO {{ '2017-07-27T13:25:02+0000' | timeago}} • Announcement

$MO's EPS for 2Q17 increased 22.6% from last year. This was primarily driven by a higher gain on the $BUD/SABMiller business combination, favorable tax items and higher reported OCI in the smokeable products segment, partially offset by lower equity earnings from Altria's beer investment.

$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.

$MO {{ '2017-07-27T13:07:20+0000' | timeago}} • Announcement

Tobacco products maker $MO reported 20.3% jump in 2Q17 earnings on strong income growth in smokeable products segment and smokeless products segment has largely rebounded. Net income grew to $1.99Bil or $1.03 per share from $1.65Bil or $0.84 per share last year. Revenue rose 2.2% to $6.66Bil. Adjusted EPS increased 4.9% to $0.85.

$MO {{ '2017-05-18T18:28:25+0000' | timeago}} • Announcement

During the annual meeting of shareholders, $MO reaffirmed FY17 guidance for adjusted diluted EPS, which excludes special items, to be in a range of $3.26 to $3.32.

$MO {{ '2017-05-18T18:26:45+0000' | timeago}} • Announcement

$MO declared a regular quarterly dividend of $0.61 per share, payable on July 10, 2017, to shareholders of record as of June 15, 2017. The ex-dividend date is June 13, 2017.

$MO {{ '2017-05-02T16:26:04+0000' | timeago}} • Infographic

$MO Altria Group Inc. Earnings AlphaGraphics: Q1 2017 highlights

$MO {{ '2017-05-02T14:05:15+0000' | timeago}} • Webcast

$MO stated that from its consumer standpoint, it is seeing the cigarette environment largely constructive for them considering the unemployment rates, housing starts or consumer confidence. The company is not seeing the softening for its consumer set currently as like others.

$MO {{ '2017-05-02T13:57:21+0000' | timeago}} • Webcast

$MO said that in the cigar category, it participates in the tipped segment and has a large market share there, which is why the company is running for profitability in that category. In the untipped segment, there is price war going on where there is volume competition, but at a low profitability. Therefore, $MO doesn’t participate in untipped.

$MO {{ '2017-05-02T12:06:32+0000' | timeago}} • Announcement

$MO's domestic cigarettes shipment volume for 1Q17 fell 2.7% on the industry's rate of decline, partially offset by trade inventory movements. When adjusted for trade inventory movements and other factors, PM USA expects that its domestic cigarettes shipment volume fell by about 3%, in line with its estimate for total industry cigarette volumes.

$MO {{ '2017-05-02T12:03:38+0000' | timeago}} • Announcement

$MO 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 higher adjusted EPS growth in 2H17 compared to 1H driven by various factors. $MO still sees 2017 effective tax rate on operations to be about 36%.

$MO {{ '2017-05-02T11:57:05+0000' | timeago}} • Announcement

$MO reported a rise in 1Q17 earnings driven by strong results from the smokeable products segment, as well as lower costs and expenses. Net income grew to $1.4Bil or $0.72 per share from $1.22Bil or $0.62 per share last year. Revenue rose to $6.08Bil from $6.066Bil. Adjusted EPS increased to $0.73 from $0.72.

$MO {{ '2017-03-02T15:57:12+0000' | timeago}} • Announcement

$MO said Thomas Jones, a member of the BoD since 2002, has notified the company of his decision to retire from Board service following completion of his current term. Consequently, Jones will not stand for re-election to the Board at its 2017 Annual Meeting. Jones now serves as a member of the Audit, Compensation, Executive and Finance Committees.

$MO {{ '2017-03-01T17:01:06+0000' | timeago}} • Announcement

$MO's Board of Directors declared a regular quarterly dividend of $0.61 per common share, payable on April 10, 2017, to shareholders of record as of March 15, 2017. The ex-dividend date is March 13, 2017.

$MO {{ '2017-02-01T14:52:58+0000' | timeago}} • Webcast

On the recent acquisition of Nat Sherman and its expansion strategy, $MO said it just closed that acquisition and is currently working on a strategy. Nat Sherman brand is differentiated from the current portfolio on smokeable and expected to have a good distribution growth, said the company.

$MO {{ '2017-02-01T14:14:36+0000' | timeago}} • Webcast

$MO said that it continues to partner with $PM on its U.S. Food and Drug Administration (FDA) applications for IQOS. In Dec. 2016, $PM submitted a modified risk tobacco product application to the FDA for its heated tobacco product. $PM plans on filing its pre-market tobacco product application during 1Q17.

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