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

Issuer:     Philip Morris International Inc. (PM)
CIK:        0001413329
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001628280-26-026385
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMI Q1 adj EPS +16% to $1.96; IQOS becomes #1; updates FY adj EPS forecast for currency
--------------------------------------------------------------------------------

- Reported diluted EPS $1.56 (down 9.3% YoY); adjusted diluted EPS $1.96 (up 16.0%, 5.3% excluding currency).
- Net revenues $10.1B, up 9.1% (2.7% organic); smoke-free business 43% of total revenues, up 1.3pp.
- IQOS became #1 nicotine brand in markets where present, with 10.9% share; HTU adjusted IMS volume grew 10.9%.
- International smoke-free segment net revenue grew 24.7% (15.8% organic) with 11.9% volume growth.
- FY2026 adjusted diluted EPS forecast updated for currency only; no numeric change disclosed in release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413329/000162828026026385/0001628280-26-026385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413329/000162828026026385/pm-20260422.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-026385

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