earnings
confidence high
sentiment positive
materiality 0.90
PM Q3 reported EPS $1.97 (+49.2%), adj. EPS $1.91 (+14.4%); raises FY guidance to $6.45-$6.51 adj. EPS
Philip Morris International Inc.
2024-Q3 EPS reported
$4.89
revenue$28,172,000,000
- Q3 2024 reported diluted EPS $1.97, up 49.2% YoY; adjusted diluted EPS $1.91, up 14.4% (or 18.0% ex-currency).
- FY 2024 guidance raised: reported EPS $6.20-$6.26, adjusted EPS $6.45-$6.51, implying 14-15% growth ex-currency.
- Smoke-free business contributed 38% of net revenues; IQOS HTU adjusted IMS volume up 14.8% globally.
- In Japan, IQOS HTU market share rose 3.2pp to ~30%; in Europe, share +0.8pp to 9.5% with IMS growth reaccelerating to 11.3%.
- CEO Jacek Olczak cited strong momentum across regions and categories, including ZYN volumes and resilient combustible performance.