secwatch.observer — SEC 8-K summary
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Issuer:     Philip Morris International Inc. (PM)
CIK:        0001413329
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001413329-24-000083
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMI Q1 adjusted EPS $1.50 (+8.7% YoY); raises FY currency-neutral guidance
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- Reported diluted EPS $1.38 (+7.8%); adjusted diluted EPS $1.50 (+8.7%), up 23.2% excluding currency.
- Smoke-free business net revenues up 21.1% (24.8% organic), 39% of total; gross profit up 31.8%.
- IQOS HTU adjusted IMS volume up ~12.5%; Japan market share >29%, Europe >10% for first time.
- CEO raises 2024 currency-neutral guidance citing strong Q1 top-line growth and margin expansion.
- VEEV vaping category shows promising early consumer traction and profitability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413329/000141332924000083/0001413329-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413329/000141332924000083/pm-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001413329-24-000083

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