Earnings ·
Philip Morris reports Q3 adjusted diluted EPS of $2.36 and raises quarterly dividend to $1.60 per share
PMPhilip Morris International Inc.
Philip Morris International reported third-quarter net revenues of $11.4 billion, a 5.5% increase from the prior year, driven by double-digit organic operating income growth and robust margin expansion. Adjusted diluted earnings per share grew 5.4% to $2.36, while reported diluted EPS declined 4.9% to $2.12 due to non-cash fair value adjustments for equity security investments. The company increased its regular quarterly dividend by 8.8% to $1.60 per share. Smoke-free product shipments rose 2.7%, with heat-not-burn units gaining 1.5% and oral smoke-free volumes turning positive. International combustibles revenues grew 6.4% organically, supported by strong pricing in markets like Turkey and Indonesia. The company updated its full-year adjusted diluted EPS forecast to a range of $8.29 to $8.44. Philip Morris is a leading international consumer goods company focused on delivering a smoke-free future through tobacco and nicotine products.