Altria reports Q4 adj. EPS flat at $1.18; 2024 guidance $5.00-$5.15; GC retires

ALTRIA GROUP, INC.

2023-FY EPS reported $4.57 revenue$24,483,000,000

Q4 adjusted diluted EPS $1.18 (flat YoY); full-year adj. EPS $4.95 (+2.3%); Q4 net revenue $5,024M ex-taxes (-1.2%).
2024 full-year adj. EPS guidance $5.00-$5.15, growth 1-4% from $4.95 base.
Board authorized new $1B share repurchase program; completed previous $1B program in 2023.
Murray Garnick, EVP & General Counsel, to retire April 1, 2024; succeeded by Robert McCarter.
NJOY consumables Q4 shipment 11.1M units; retail share in U.S. multi-outlet & convenience 3.7%.

item 2.02 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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Departed

Murray R. Garnick

Executive Vice President and General Counsel

MO · ALTRIA GROUP, INC.

Effective: 2024-04-01
Filed: February 1, 2024, 6:59 PM ET

On January 29, 2024, Murray R. Garnick, Altria’s Executive Vice President and General Counsel, announced his intention to retire effective April 1, 2024.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ALTRIA GROUP, INC. reported the year ended December 31, 2023 results: revenue $24,483, EPS $4.57. Guidance initiated.

Period: the year ended December 31, 2023
Revenue: $24,483
EPS: $4.57
Guidance: initiated
Result: reported results

Exact text from the filing

base in 2023.” Altria Headline Financials 1 ($ in millions, except per share data) Q4 2023 Change vs. Q4 2022 Full Year 2023 Change vs. Full Year 2022 Net revenues $5,975 (2.2)% $24,483 (2.4)% Revenues net of excise taxes $5,024 (1.2)% $20,502 (0.9)% Reported tax rate 24.7% 24.2 pp 25.6% 3.6 pp Adjusted tax rate 24.6% (0.4) pp 24.7% (0.2) pp Reported diluted EPS

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Executive change SEC 8-K Item 5.02 confidence 0.95

Murray R. Garnick retired as Executive Vice President and General Counsel at ALTRIA GROUP, INC..

Action: retired
Role: Executive Vice President and General Counsel

Exact text from the filing

On January 29, 2024, Murray R. Garnick, Altria’s Executive Vice President and General Counsel, announced his intention to retire effective April 1, 2024.

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

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