Philip Morris International Inc

NYSE:PM   3:59:59 PM EDT
+1.35 (+1.36%)
Other Pre-Announcement

Philip Morris International Reports Q2 ADJ EPS Of $1.57

Published: 07/20/2021 11:22 GMT
Philip Morris International Inc (PM) - Reports 2021 Second-quarter Reported Diluted EPS of $1.39—including Charges for Saudi Arabia Customs Assessments and Exit Costs—and Adjusted Diluted EPS of $1.57, Reflecting Organic Growth of 17.8%.
Sees FY Earnings per Share $5.76 to $5.86.
Qtrly Net Revenues Up by 14.2%; Up by 7.9%, Excluding Currency.
Qtrly Adjusted Net Revenue Up by 11.6% on an Organic Basis.
Qtrly Cigarette and Heated Tobacco Unit Shipment Volume Up by 6.1%.
Qtrly Net Revenue $7.59 Billion Versus $6.65 Billion Reported Last Year.
Sees 2021 Adjusted Net Revenue Growth of About 6% to 7% on an Organic Basis.
Philip Morris -recorded Pre-tax Charge in Q2 in Relation to Saudi Arabia Customs Assessments of $246 Million, Resulting in $0.14/share Adverse Impact on Reported Eps.
2021 Forecast Assumes No Material Impact Related to Agreements to Acquire Fertin Pharma A/s Or Vectura Group Plc.
Philip Morris - Revised FY EPS Forecast to Reflect Adverse Impact of $0.14/share, Related to Reduction in Net Revenue for Saudi Arabia Customs Assessments.
Philip Morris - Revised FY EPS Forecast to Reflect Asset Impairment and Exit Costs of $0.07/share (versus $0.02/share Previously), Mainly for Organizational Design Optimization.
Philip Morris - Revised FY EPS Forecast to Reflect Favorable Currency Impact of $0.18 at Prevailing Exchange Rates.
Philip Morris - Sees Q3 Reported EPS in Range of $1.50 to $1.55.
Q3 Earnings per Share View $1.60 -- Refinitiv Ibes Data (analyst estimates).