earnings
confidence high
sentiment positive
materiality 0.80
PMI Q2 adjusted EPS $2.20 (+15.2% YoY); revenue $11.2B (+10.4%); smoke-free 42% of revenue
Philip Morris International Inc.
- Adjusted diluted EPS $2.20, up 15.2% YoY (13.6% ex-currency); reported EPS $1.80, down 7.7% on RBH impairment.
- Net revenues $11.2B, first time above $11B, up 10.4% (7.6% organic); smoke-free 42% of total.
- Shipments +2.5%; smoke-free shipments +7.5%; IQOS HTU volumes +7.6%.
- Operating income +22.0% (+10.7% organic); gross profit +11.5%.
- Full-year adjusted EPS forecast updated for currency only; underlying operational guidance unchanged.