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Philip Morris International Inc (PM)

PM on New York Consolidated

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25 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Philip Morris International Bolsters Washington, D.C. Presence With Key Staff Appointments
Tuesday, 2 Apr 2019 07:24am EDT 

April 2 (Reuters) - Philip Morris International Inc ::PHILIP MORRIS INTERNATIONAL BOLSTERS WASHINGTON, D.C., PRESENCE WITH KEY STAFF APPOINTMENTS.PHILIP MORRIS INTERNATIONAL INC - J.B. SIMKO, NEWLY PROMOTED TO VP EXTERNAL AFFAIRS, AND AARON SHERINIAN, VP TRANSFORMATION, TO SERVE IN D.C. OFFICE.  Full Article

Philip Morris Says Its Canadian Subsidiary, RBH, Granted CCAA Protection
Friday, 22 Mar 2019 08:00pm EDT 

March 22 (Reuters) - Philip Morris International Inc ::PHILIP MORRIS INTERNATIONAL INC.’S CANADIAN SUBSIDIARY, ROTHMANS, BENSON & HEDGES INC., GRANTED CCAA PROTECTION.PHILIP MORRIS INTERNATIONAL INC - REVISES FULL-YEAR 2019 REPORTED DILUTED EPS FORECAST TO BE AT LEAST $4.90 AT PREVAILING EXCHANGE RATES.PHILIP MORRIS INTERNATIONAL INC - 2019 FORECAST CONTINUES TO REPRESENT CURRENCY-NEUTRAL, LIKE-FOR-LIKE ADJUSTED DILUTED EPS GROWTH OF AT LEAST 8%.PHILIP MORRIS - CCAA PROCESS ALLOWS RBH TO CARRY ON ITS BUSINESS IN ORDINARY COURSE WITH MINIMAL DISRUPTION TO ITS CUSTOMERS, SUPPLIERS, EMPLOYEES.PHILIP MORRIS - PMI WILL DECONSOLIDATE RBH FROM ITS FINANCIAL STATEMENTS, RESULTING IN ESTIMATED ONE-TIME NON-CASH CHARGE OF ABOUT $0.10 PER SHARE.PHILIP MORRIS - RBH DOES NOT ANTICIPATE PAYING DIVIDENDS.PHILIP MORRIS INTERNATIONAL - DECONSOLIDATION WILL NOT HAVE AN IMPACT ON PMI’S CURRENT ANNUALIZED DIVIDEND RATE.PHILIP MORRIS INTERNATIONAL - 2019 OPERATING CASH FLOW, WHICH, DUE TO IMPACT OF DECONSOLIDATION, IS NOW ESTIMATED TO BE APPROXIMATELY $9.5 BILLION.  Full Article

Philip Morris International Revises FY 2019 Reported Diluted Earnings Per Share
Monday, 4 Mar 2019 09:00am EST 

March 4 (Reuters) - Philip Morris International Inc ::REVISES FULL-YEAR 2019 REPORTED DILUTED EARNINGS PER SHARE FORECAST TO BE AT LEAST $5.28, REFLECTING A CHARGE ASSOCIATED WITH A JUDGMENT IN TWO QUÉBEC SMOKING AND HEALTH CLASS ACTIONS.FY2019 EARNINGS PER SHARE VIEW $5.40 -- REFINITIV IBES DATA.PMI WILL INCUR IN ITS CONSOLIDATED RESULTS A PRE-TAX CHARGE OF APPROXIMATELY $194 MILLION IN Q1 OF 2019.  Full Article

Philip Morris International says Entered Into Agreement, Effective Feb 5 To Extend Term Of Existing $2.0 Billion Revolving Credit Facility
Tuesday, 29 Jan 2019 10:43am EST 

Jan 29 (Reuters) - Philip Morris International Inc ::PHILIP MORRIS INTERNATIONAL - ENTERED INTO AGREEMENT, EFFECTIVE FEB 5, 2019, TO EXTEND TERM OF EXISTING $2.0 BILLION REVOLVING CREDIT FACILITY.PHILIP MORRIS INTERNATIONAL INC - EXTENSION AGREEMENT EXTENDS EXPIRATION DATE OF CREDIT AGREEMENT FROM FEB 5, 2019 TO FEB 4, 2020 - SEC FILING.  Full Article

Philip Morris International Revises Its 2018 Full-Year Reported Diluted EPS Forecast
Thursday, 27 Sep 2018 02:30am EDT 

Sept 27 (Reuters) - Philip Morris International Inc ::SEES 2018 FULL-YEAR REPORTED DILUTED EPS FORECAST TO A RANGE OF $4.97 TO $5.02.PHILIP MORRIS SAYS FY EPS FORECAST REVISION REFLECTS AN UNFAVORABLE CURRENCY IMPACT, AT PREVAILING EXCHANGE RATES, OF ABOUT $0.12.FY2018 EARNINGS PER SHARE VIEW $5.04 -- THOMSON REUTERS I/B/E/S.  Full Article

Philip Morris International Declares Regular Quarterly Dividend Of $1.14 Per Share
Wednesday, 12 Sep 2018 03:48am EDT 

Sept 12 (Reuters) - Philip Morris International Inc ::PHILIP MORRIS INTERNATIONAL INC. DECLARES REGULAR QUARTERLY DIVIDEND OF $1.14 PER SHARE.  Full Article

Philip Morris International Reports Qtrly Adjusted Earnings Per Share Of $1.41
Thursday, 19 Jul 2018 06:59am EDT 

July 19 (Reuters) - Philip Morris International Inc ::REPORTS 2018 SECOND-QUARTER RESULTS.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE OF $1.41.QTRLY REPORTED DILUTED EARNINGS PER SHARE OF $1.41.QTRLY CIGARETTE SHIPMENT VOLUME OF 190.7 BILLION UNITS, DOWN BY 2.8 BILLION UNITS OR 1.5%.QTRLY NET REVENUES OF $7.7 BILLION, UP BY 11.7%.QTRLY CIGARETTE AND HEATED TOBACCO UNIT SHIPMENT VOLUME OF 201.7 BILLION, UP BY 0.9%.INCREASED REGULAR QUARTERLY DIVIDEND BY 6.5% TO AN ANNUALIZED RATE OF $4.56 PER COMMON SHARE.REVISES ITS 2018 FULL-YEAR REPORTED DILUTED EARNINGS PER SHARE FORECAST TO BE IN A RANGE OF $5.02 TO $5.12.Q2 EARNINGS PER SHARE VIEW $1.23, REVENUE VIEW $7.53 BILLION -- THOMSON REUTERS I/B/E/S.EXCLUDING FAVORABLE CURRENCY OF $237 MILLION, NET REVENUES UP BY 8.3% IN QUARTER.2018 FORECAST ASSUMES CO'S IN-MARKET HEATED TOBACCO SALES VOLUME REACHING ABOUT 44 TO 45 BILLION UNITS IN 2018.2018 FORECAST ASSUMES CURRENCY-NEUTRAL NET REVENUE GROWTH OF ABOUT 3% TO 4%.PHILIP MORRIS INTERNATIONAL - EXPECTS WORLDWIDE INTRODUCTION OF NEXT GENERATION OF IQOS DEVICES TOWARDS END OF 2018.PHILIP MORRIS INTERNATIONAL-2018 FORECAST ASSUMES LOWER-THAN-ANTICIPATED CONSUMER OFF-TAKE, PRIMARILY IN JAPAN, OF IQOS DEVICES,HEATED TOBACCO UNITS.2018 FORECAST ASSUMES OPERATING CASH FLOW OF APPROXIMATELY $9 BILLION.PHILIP MORRIS - INTRODUCTION OF NEXT GENERATION DEVICES REQUIRES REDUCTION OF CURRENT INVENTORIES.  Full Article

Philip Morris International Inc Reports Q1 Adjusted Earnings Per Share $1.00
Thursday, 19 Apr 2018 06:59am EDT 

April 19 (Reuters) - Philip Morris International Inc ::. (PMI) REPORTS 2018 FIRST-QUARTER RESULTS; INCREASES, PRIMARILY TO REFLECT A LOWER EFFECTIVE TAX RATE, 2018 FULL-YEAR REPORTED DILUTED EPS.Q1 REVENUE $6.9 BILLION VERSUS I/B/E/S VIEW $7.03 BILLION.SEES FY 2018 EARNINGS PER SHARE $5.25 TO $5.40.Q1 ADJUSTED EARNINGS PER SHARE $1.00.Q1 EARNINGS PER SHARE VIEW $0.90 -- THOMSON REUTERS I/B/E/S.QTRLY CIGARETTE SHIPMENT VOLUME OF 164.3 BILLION UNITS, DOWN BY 9.3 BILLION UNITS OR 5.3%.QTRLY REPORTED DILUTED EARNINGS PER SHARE OF $1.00.EXCLUDING FAVORABLE CURRENCY OF $327 MILLION, QTRLY NET REVENUES UP BY 8.3%.REMAIN ON TRACK TO DOUBLE WORLDWIDE IN-MARKET SALES OF HEATED TOBACCO UNITS COMPARED TO 2017.PHILIP MORRIS INTERNATIONAL - INCREASES 2018 FY REPORTED EPS FORECAST PRIMARILY TO REFLECT LOWER EFFECTIVE TAX RATE.PHILIP MORRIS INTERNATIONAL - 2018 FY DILUTED EPS FORECAST ASSUMES FULL-YEAR EFFECTIVE TAX RATE OF ABOUT 26%.PHILIP MORRIS INTERNATIONAL - 2018 FY FORECAST ASSUMES CURRENCY-NEUTRAL NET REVENUE GROWTH OF ABOUT 8.0%.  Full Article

Philip Morris International Declares Regular Quarterly Dividend Of $1.07 Per Share
Thursday, 7 Dec 2017 09:10am EST 

Dec 7 (Reuters) - Philip Morris International Inc ::PHILIP MORRIS INTERNATIONAL INC. DECLARES REGULAR QUARTERLY DIVIDEND OF $1.07 PER SHARE.  Full Article

Philip Morris International qtrly ‍adj. EPS $1.27​
Thursday, 19 Oct 2017 06:59am EDT 

Oct 19 (Reuters) - Philip Morris International Inc ::Qtrly ‍reported diluted earnings per share of $1.27​.Qtrly ‍adjusted diluted earnings per share of $1.27​.Revises 2017 full-year reported diluted eps forecast to a range of $4.75 to $4.80​.Qtrly ‍cigarette shipment volume of 198.5 billion units, down by 4.1%​.Qtrly ‍reported net revenues of $20.6 billion, up by 3.5%​.Qtrly ‍net revenues, excluding excise taxes, of $7.5 billion, up by 7.0%​.Q3 earnings per share view $1.38, revenue view $7.72 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $4.83 -- Thomson Reuters I/B/E/S.  Full Article

Spanish regulator fines tobacco companies for anti-competition

MADRID, April 13 Spain’s anti-trust watchdog fined tobacco companies a combined total of almost 58 million euros for non-competitive practices, the regulator said on Friday.