secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALTRIA GROUP, INC. (MO)
CIK:        0000764180
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000764180-24-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altria Q3 adjusted EPS $1.38 beats, reaffirms FY24 EPS $5.07-$5.15, announces $600M cost savings plan
--------------------------------------------------------------------------------

- Q3 adjusted diluted EPS $1.38 (+7.8% YoY); reported EPS $1.34 (+9.8%).
- Revenues net of excise taxes $5.34B (+1.3%); smokeable products OCI up 7.1%.
- Cigarette shipment volume -8.6%; Marlboro retail share 41.7% (-0.6 pts).
- Board raised quarterly dividend 4.1% to $4.08 annualized; $680M share repurchases in Q3.
- New Optimize & Accelerate initiative targets at least $600M cumulative cost savings over 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764180/000076418024000100/0000764180-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764180/000076418024000100/mo-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000764180-24-000100

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer