Recent Updates — PM

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.

Philip Morris International announced a dividend increase of 8.8% to an annualized rate of $6.40 per share. The new quarterly cash dividend is $1.60 per common share, up from the previous $1.47. It is payable on October 26, 2026, to shareholders of record as of October 2, 2026. The ex-dividend date is October 2, 2026. This marks the company's annual dividend increase every year since becoming a public company in 2008. Philip Morris International operates in the consumer goods industry, primarily manufacturing cigarettes and smoke-free products such as heat-not-burn devices and nicotine pouches.

Philip Morris International Inc. raised its 2026 full-year reported diluted EPS forecast to $7.28–$7.43, reflecting currency-only impacts. Excluding a total adjustment of $1.07 per share, the adjusted diluted EPS range is $8.35–$8.50, representing projected growth of 10.7% to 12.7% versus 2025. At prevailing exchange rates, excluding a favorable currency impact of $0.24 per share, this indicates underlying growth of 7.5% to 9.5%. The company also updated its Q3 adjusted diluted EPS forecast for currency only to $2.29–$2.34, now including an estimated 1 cent favorable currency impact compared to a previously reported unfavorable 8 cents. All other forecast assumptions remain unchanged from those communicated on July 22, 2026. Philip Morris International Inc. is a global consumer goods company that manufactures and sells tobacco products, including cigarettes and smoke-free alternatives like heat-not-burn devices and nicotine pouches.

Philip Morris International announced a contract manufacturing arrangement for combustible cigarettes with Philip Morris USA, an operating company of Altria Group Inc. The collaboration leverages the respective manufacturing capabilities of both organizations while PMI continues to focus on delivering a smoke-free future. First shipments are expected to begin early in 2027, subject to operational readiness and regulatory requirements. PMI stated it does not expect a material impact from this arrangement on its 2026 financials and confirmed that the company has no plans to commercialize combustible cigarettes in the United States. Philip Morris International is a global consumer goods company specializing in smoke-free products and tobacco.

Philip Morris International reported second-quarter 2026 net revenues of $11.2 billion, a 10.4% increase, with adjusted diluted EPS growing 15.2% to $2.20. Reported diluted EPS declined 7.7% to $1.80, primarily due to a $511 million non-cash impairment charge related to its RBH equity investment. The company updated its full-year 2026 adjusted diluted EPS forecast to a range of $8.11 to $8.26 excluding currency, representing a 7.5% to 9.5% increase over 2025. Smoke-free products now account for 42% of total net revenues. The company also noted that the FDA granted MRTP authorization to 20 ZYN nicotine pouch variants on June 30, 2026. Philip Morris International is a consumer goods company that manufactures cigarettes and smoke-free nicotine products.