earnings
confidence high
sentiment positive
materiality 0.80
PMI: FY2024 adj. diluted EPS $6.57 (+9.3%); reported EPS $4.52; smoke-free 40% of net revenue
Philip Morris International Inc.
2024-FY EPS reported
$4.52
revenue$37,878,000,000
- FY2024 reported diluted EPS $4.52; adjusted diluted EPS $6.57 (+9.3%, +15.6% currency-neutral); $6.01 before Canada impairment $1.49.
- Smoke-free business: FY net revenues +14.2% (+16.7% organic); gross profit +18.7% (+22.7% organic); now 40% of total net revenues, 42% of gross profit.
- IQOS HTU adjusted IMS volume +12.6% full year; Q4 +~13%; ILUMA i driven double-digit growth in Japan; HTU >50% nicotine offtake share in 10 major cities.
- FDA authorized all ZYN pouches in U.S.; PMI hopes other pending FDA applications accelerated.