Form 8-K · Current Report · Filed 2025-02-06
Philip Morris International Announces Strong 2024 Financial Results
Philip Morris International Inc. (PMI) reported its 2024 financial results, showcasing robust performance across its smoke-free business, particularly with its IQOS and ZYN products. The company experienced significant shipment volume growth in smoke-free products, driven by strong demand in the U.S. and other markets. Despite some market declines in specific regions, PMI's overall net revenues and gross profit increased by 7.7% and 18.7% respectively for the full year. The company also announced a regular quarterly dividend of $1.35 per share and provided guidance for 2025, forecasting continued growth. However, a notable impairment charge of $2.3 billion related to its Canadian affiliate's CCAA proceeding was recorded, impacting the reported diluted EPS.
- Filer
- Philip Morris International Inc. PM · NYSE
- Filed
- Accession
- 0001413329-25-000011
- CIK
- 0001413329
- Signal
- Medium impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$130.98
Next session
+10.3%
Since filing
+45.7%
Latest close
$190.82
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from PM reporting the same item, with the next session's move:
Exhibits (2)
About Philip Morris International Inc.
Philip Morris International Inc. is a leading global tobacco company primarily engaged in the manufacture and sale of cigarettes and other nicotine-containing products. Known for owning some of the world's best-selling cigarette brands like Marlboro, Philip Morris International plays a significant role in the consumer goods sector. The company's strategic focus includes developing smoke-free alternatives such as heated tobacco systems and e-cigarettes, addressing shifting consumer preferences and regulatory landscapes. Headquartered in New York City, Philip Morris operates in over 180 countries, showcasing a robust international presence. The firm is noteworthy for its commitment to transforming public health narratives within the tobacco industry by advocating for reduced-risk products. As part of its market significance, Philip Morris International drives innovation in tobacco products, influencing regulatory frameworks and competitive dynamics in the global market.
Never miss another PM filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.