Altria Q3 adjusted EPS $1.28 (+4.9%), narrows FY22 guidance; forms JV with Japan Tobacco for heated tobacco in U.S.

ALTRIA GROUP, INC.

Adjusted diluted EPS $1.28, up 4.9% YoY; net revenues $6.55B, down 3.5%.
Narrows 2022 adjusted EPS guidance to $4.81-$4.89 (growth 4.5%-6%).
Records $2.5B non-cash impairment on ABI investment; JUUL rights converted.
Forms JV Horizon Innovations with Japan Tobacco (PM USA 75% interest) for U.S. heated tobacco; $150M initial capital.
Director W. Leo Kiely III to retire; Jacinto Hernandez elected to Board effective Nov 1.

item 2.02 item 5.02 item 5.03 item 7.01 item 8.01 item 9.01

Executive movements

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

Departed

W. Leo Kiely III

Director

MO · ALTRIA GROUP, INC.

Filed: October 27, 2022, 7:59 PM ET

W. Leo Kiely III (age 75), a director of Altria since 2011, submitted his written resignation to the Board, and, on October 26, 2022, the Board, based on the recommendation of the Board’s Nominating, Corporate Governance and Social Responsibility Committee, accepted Mr. Kiely’s resignation effective upon completion of his current term.

Appointed

Jacinto Hernandez

Director

MO · ALTRIA GROUP, INC.

Effective: 2022-11-01
Filed: October 27, 2022, 7:59 PM ET

On October 26, 2022, the Board increased the size of the Board from 12 to 13 and elected Jacinto Hernandez to the Board, in each case, effective November 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

ALTRIA GROUP, INC. reported financial results for the quarter ended September 30, 2022.

Period: the quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On October 27, 2022, Altria Group, Inc. (“Altria”) issued a press release announcing its financial results for the quarter ended September 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

W. Leo Kiely III resigned as Director at ALTRIA GROUP, INC..

Action: resigned
Role: Director

Exact text from the filing

W. Leo Kiely III (age 75), a director of Altria since 2011, submitted his written resignation to the Board, and, on October 26, 2022, the Board, based on the recommendation of the Board’s Nominating, Corporate Governance and Social Responsibility Committee, accepted Mr. Kiely’s resignation effective upon completion of his current term.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jacinto Hernandez was elected as Director at ALTRIA GROUP, INC..

Action: elected
Role: Director

Exact text from the filing

On October 26, 2022, the Board increased the size of the Board from 12 to 13 and elected Jacinto Hernandez to the Board, in each case, effective November 1, 2022.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

ALTRIA GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000764180-22-000100

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