Altria reports FY2023 EPS of $4.57, up 43% YoY; revenue falls 2.4% to $24.5B

ALTRIA GROUP, INC.

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

Net earnings $8.13B ($4.57 diluted EPS) vs $5.76B ($3.19) in 2022; operating income $11.55B down 3.1%.
Net revenues $24.48B, down 2.4% from $25.10B; gross profit $14.28B flat year-over-year.
Completed NJOY acquisition for $2.75B net on June 1, 2023, adding e-vapor product line.
Dividend per share $3.84, up 4.3% from $3.68; share repurchases $1.0B in 2023 vs $1.825B.
Cash from operations $9.29B, up 12.5% from $8.26B in 2022.

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