Philip Morris International Inc.'s Stock Analysis

Philip Morris International Announces New Organizational Structure and Leadership

Philip Morris International Inc. will implement a new corporate organizational model effective January 1, 2026, aimed at enhancing operational agility and supporting its transition to a smoke-free company. The new structure will include two primary business units: PMI International and PMI U.S., which will report directly to Group CEO Jacek Olczak. The existing geographic segments will be replaced by three reportable segments: International Smoke-Free, International Combustibles, and U.S. The company plans to report financial results based on these new segments starting in the first quarter of 2026.

In conjunction with the new model, Frederic de Wilde has been appointed CEO of PMI International, while Stacey Kennedy will continue as CEO of PMI U.S. The organizational changes also involve updates to executive roles, with certain individuals transitioning out of officer designations but remaining in their positions. Additionally, Mr. de Wilde's new employment agreement includes an increase in his annual salary to approximately $1.55 million. Philip Morris International continues to focus on expanding its smoke-free product offerings, which accounted for 41% of total net revenues in the first nine months of 2025.

Nov 04, 2025 07:06:32

Philip Morris International Issues $3.25 Billion in Notes

On October 29, 2025, Philip Morris International Inc. issued a total of $3.25 billion in various notes, including Floating Rate Notes due 2028, 3.875% Notes due 2028, 4.000% Notes due 2030, 4.250% Notes due 2032, and 4.625% Notes due 2035. These notes were sold to underwriters under a Terms Agreement and will be utilized for general corporate purposes, including refinancing existing debt and meeting working capital needs. The notes are senior unsecured obligations and will rank equally with PMI's other senior unsecured indebtedness.

Interest payments on the notes will commence in January 2026 for the Floating Rate Notes and in April 2026 for the other notes, with various payment schedules established for each series. The notes are subject to customary covenants, including restrictions on incurring secured debt and engaging in sale/leaseback transactions. PMI retains the option to redeem certain notes upon specified tax events, and the details regarding the terms and conditions of the notes and agreements can be found in the relevant prospectus and agreements filed with the SEC.

Oct 29, 2025 16:05:56

Philip Morris International Reports Q3 2025 Financial Results

Philip Morris International Inc. announced its financial results for the third quarter and the first nine months of 2025 on October 21, 2025. The company reported a 13.2% increase in reported diluted earnings per share (EPS) to $2.23, and a 17.3% increase in adjusted diluted EPS to $2.24. The smoke-free business accounted for 41% of total net revenues, with significant growth in shipment volumes and gross profit. The overall cigarette category share remained stable, while net revenues increased by 5.9% on an organic basis, driven by higher smoke-free products volume despite lower cigarette volumes.

Additionally, Philip Morris raised its full-year adjusted diluted EPS guidance and outlined its future organizational structure, which will include two primary business units: International and U.S. The company plans to implement this new structure starting January 1, 2026, and will report financial results based on these segments beginning with the first quarter of 2026. The firm also announced an 8.9% increase in its regular quarterly dividend to $1.47 per share.

Oct 21, 2025 07:03:32

Philip Morris International Increases Quarterly Dividend by 8.9%

On September 19, 2025, Philip Morris International Inc. announced an increase in its regular quarterly dividend by 8.9%, raising it to $1.47 per share, which equates to an annualized rate of $5.88 per share. This dividend will be payable on October 20, 2025, to shareholders on record as of October 3, 2025, with the ex-dividend date also set for October 3, 2025. Since becoming a public company in 2008, the company has consistently raised its annual dividend, totaling a 219.6% increase over that period, representing a compound annual growth rate of 7.1%. 

Philip Morris International continues to evolve its product portfolio towards a smoke-free future, with a significant focus on smoke-free products that accounted for 41% of total net revenues in the first half of 2025. The company has invested over $14 billion since 2008 in developing smoke-free alternatives and currently offers products in 97 markets. The U.S. Food and Drug Administration has authorized marketing for several of its smoke-free products, including IQOS devices and General snus, marking significant regulatory advancements for the company.

Sep 19, 2025 07:02:44

Philip Morris International Reaffirms 2025 EPS Growth Forecast

Philip Morris International Inc. is hosting a presentation at the Barclays Global Consumer Staples Conference, where CEO Jacek Olczak will discuss the company's performance and reaffirm its 2025 full-year earnings per share (EPS) forecast. The reported diluted EPS is projected to be between $7.24 and $7.37, reflecting a growth of 13% to 15% compared to 2024. The company attributes this growth to strong sales momentum, particularly in its smoke-free product lines such as IQOS and ZYN, despite facing increased competition in the market.

As of June 30, 2025, smoke-free products accounted for 41% of the company's total net revenues, with over 41 million legal-age consumers using these products globally. PMI has invested over $14 billion since 2008 to develop and market innovative smoke-free alternatives to traditional cigarettes. The company continues to expand its product offerings and aims to transition towards a smoke-free future, with significant growth observed in both international and U.S. markets for its nicotine pouch products.

Sep 02, 2025 09:04:47

Philip Morris International Reports Q2 2025 Financial Results

Philip Morris International Inc. announced its financial results for the second quarter and the first half of 2025, highlighting a reported diluted earnings per share (EPS) growth of 26.6% to $1.95 and an adjusted diluted EPS growth of 20.1% to $1.91. The company raised its full-year guidance due to strong performance in its smoke-free business, which accounted for 41% of total net revenues, reflecting a 15.2% increase in net revenues and a 23.3% rise in gross profit. The IQOS brand continues to show significant growth, with adjusted in-market sales volume increasing by 11.4% and a notable market share gain in Japan and Europe.

In addition to the success of its smoke-free products, Philip Morris reported a 2.1% increase in net revenues from combustibles, driven by strong pricing. The company declared a regular quarterly dividend of $1.35 per share, equating to an annualized $5.40 per share. For the full year, PMI anticipates an adjusted diluted EPS range of $7.24 to $7.37, reflecting a projected increase of 11.5% to 13.5% compared to 2024. The company aims for continued growth in its smoke-free product segments while managing declines in traditional cigarette volumes.

Jul 22, 2025 07:03:11

PMI Announces Investor Focus Event and Regional Performance Insights

Philip Morris International (PMI) hosted an Investor Focus Event on June 24, 2025, highlighting its operations in Europe, which is its largest region by operating income. The company reported a 5-year compound annual growth rate of 7.2% in net revenues, reaching $15.7 billion, with smoke-free products contributing significantly to this growth. PMI's market presence includes 42 countries in Europe, and its smoke-free product IQOS has become a leading brand, generating approximately $6 billion in net revenues for FY’24.

The press release outlined PMI's economic impact in Europe, contributing around €289 billion from 2019 to 2023, including tax revenues that account for about 0.4% of the EU GDP in 2023. The company emphasized its commitment to transitioning towards smoke-free products, aiming for over two-thirds of its net revenues to come from smoke-free offerings by 2030. PMI also discussed its strategic initiatives, including expanding its product portfolio and enhancing brand equity in the smoke-free sector.

Jun 24, 2025 08:10:16

Philip Morris International Declares $1.35 Quarterly Dividend

Philip Morris International Inc. has declared a regular quarterly dividend of $1.35 per common share, which will be payable on July 15, 2025, to shareholders who are on record as of June 27, 2025. The ex-dividend date is also set for June 27, 2025. Investors can find more details on stock and dividends on the company's website.

The company is focused on transitioning to a smoke-free future, with 42% of its first-quarter 2025 total net revenues coming from smoke-free products, which include heat-not-burn and nicotine pouch items. As of December 31, 2024, PMI's smoke-free products were sold in 95 markets and used by approximately 38.6 million adults globally. PMI has invested over $14 billion since 2008 to develop smoke-free alternatives and has received FDA authorizations for various products, highlighting its commitment to innovation in the tobacco sector.

Jun 13, 2025 06:06:09

Philip Morris Reaffirms 2025 EPS Forecast at Investor Conference

Philip Morris International Inc. (PMI) confirmed its 2025 full-year reported diluted earnings per share (EPS) forecast of $7.01 to $7.14 during the dbAccess Global Consumer Conference. This forecast reflects a projected growth of 12% to 14% compared to the previous year, with adjustments for restructuring and currency impacts noted. The company also provided a detailed breakdown of its adjusted diluted EPS, which is expected to range from $7.36 to $7.49, indicating a growth of 10.5% to 12.5% when excluding currency effects.

PMI continues to focus on transitioning to smoke-free products, which accounted for 42% of its total net revenues in the first quarter of 2025. The company has invested over $14 billion since 2008 to develop smoke-free alternatives and has received FDA authorizations for several of its products. PMI aims to evolve its portfolio beyond tobacco and nicotine, indicating a long-term strategy to enhance health-related offerings. The conference presentation is available for live streaming and will be archived for about a year.

Jun 03, 2025 06:01:43

Philip Morris International Holds 2025 Virtual Shareholders Meeting

Philip Morris International Inc. (PMI) conducted its 2025 Annual Meeting of Shareholders, where key executives discussed the company's performance and strategy. CEO Jacek Olczak highlighted the company's rapid advancement in its smoke-free transformation, noting a significant milestone with nearly $15 billion in net revenues from smoke-free products. He emphasized the company's commitment to delivering sustainable growth and returns to shareholders through a multicategory strategy involving brands like IQOS, ZYN, and VEEV.

During the meeting, shareholders voted on several matters, including the election of directors and the approval of executive compensation. Approximately 82 percent of shares were represented, and the results will be detailed in a forthcoming Form 8-K filing with the SEC. PMI's smoke-free products now account for 42% of total net revenues as of the first quarter of 2025, with the company actively working to expand its portfolio beyond traditional tobacco products.

May 07, 2025 09:50:34