Key Highlights from Philip Morris’ Q1 2024 Earnings Results
Tuesday, 23 April 2024, 12:27
Key Highlights:
Philip Morris International Inc. (NYSE: PM) reported impressive first quarter 2024 earnings results, with net revenues surging by 9.7% year-over-year to $8.8 billion. The organic revenue growth stood at 11%, reflecting a robust performance.
Earnings:
- Net earnings attributable to PMI reached $2.1 billion compared to $1.9 billion in the previous year.
- Reported EPS grew by 7.8% to $1.38, while adjusted EPS rose by 8.7% to $1.50 versus the previous year.
Expectations: for the full year of 2024, the company projects a reported EPS range of $5.70-5.82 and an adjusted EPS range of $6.19-6.31.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.