earnings
confidence high
sentiment negative
materiality 0.85
Altria posts FY2024 adj. EPS $5.12; ITC bans NJOY ACE; new $1B buyback
ALTRIA GROUP, INC.
2024-FY EPS reported
$6.54
revenue$24,018,000,000
- Full-year 2024 adjusted diluted EPS of $5.12, up 3.4% YoY; Q4 adjusted EPS $1.29, up 9.3%.
- ITC issued exclusion order barring import and sale of NJOY ACE; effective March 31 unless Trade Representative rejects.
- Board authorized new $1B share repurchase program expected to complete by Dec 31, 2025.
- 2025 adjusted EPS guidance $5.22-$5.37, representing 2-5% growth from 2024 base.
- Reassessing 2028 smoke-free volume and revenue goals due to illicit e-vapor market challenges.