Altria Q3 adj. EPS $1.22 (+2.5% YoY); $6.2B ABI impairment; share buyback to $3.5B; FY guide $4.58-$4.62

ALTRIA GROUP, INC.

2021-Q3 EPS reported $0.46 revenue$19,758,000,000

Q3 adjusted EPS $1.22 (+2.5% YoY); reported EPS ($1.48) on $6.2B ABI impairment.
Board expanded share repurchase program from $2B to $3.5B; expects completion by Dec. 31, 2022.
FY2021 adjusted EPS guidance narrowed to $4.58-$4.62 (5%-6% growth from 2020 base of $4.36).
ITC importation ban on IQOS/Marlboro HeatSticks effective Nov. 29 unless rejected by Biden Administration.
Director John T. Casteen III retiring; elected Marjorie M. Connelly and R. Matt Davis to Board.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

R. Matt Davis

Director

MO · ALTRIA GROUP, INC.

Effective: 2021-10-28
Filed: October 28, 2021, 7:59 PM ET

On October 27, 2021, the Board elected Marjorie M. Connelly and R. Matt Davis to the Board effective immediately.

Appointed

Marjorie M. Connelly

Director

MO · ALTRIA GROUP, INC.

Effective: 2021-10-28
Filed: October 28, 2021, 7:59 PM ET

On October 27, 2021, the Board elected Marjorie M. Connelly and R. Matt Davis to the Board effective immediately.

Departed

John T. Casteen III

Director

MO · ALTRIA GROUP, INC.

Filed: October 28, 2021, 7:59 PM ET

John T. Casteen III (age 77), a director of Altria since 2010, submitted his written resignation to the Board, and, on October 27, 2021, the Board, based on the recommendation of the Board’s Nominating, Corporate Governance and Social Responsibility Committee, accepted Mr. Casteen’s resignation effective upon completion of his current term.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

R. Matt Davis was elected as Director at ALTRIA GROUP, INC..

Action: elected
Role: Director

Exact text from the filing

On October 27, 2021, the Board elected Marjorie M. Connelly and R. Matt Davis to the Board effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marjorie M. Connelly was elected as Director at ALTRIA GROUP, INC..

Action: elected
Role: Director

Exact text from the filing

On October 27, 2021, the Board elected Marjorie M. Connelly and R. Matt Davis to the Board effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John T. Casteen III resigned as Director at ALTRIA GROUP, INC..

Action: resigned
Role: Director

Exact text from the filing

John T. Casteen III (age 77), a director of Altria since 2010, submitted his written resignation to the Board, and, on October 27, 2021, the Board, based on the recommendation of the Board’s Nominating, Corporate Governance and Social Responsibility Committee, accepted Mr. Casteen’s resignation effective upon completion of his current term.

View on SEC.gov

ALTRIA GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000764180-21-000125

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