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Altria Group, Inc. (MO) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Altria Group, Inc.

CIK: 764180 Ticker: MO


Exhibit 99.1
altriamosaica11.jpg


ALTRIA REPORTS 2018 THIRD-QUARTER AND NINE-MONTHS RESULTS;
TIGHTENS 2018 FULL-YEAR EARNINGS GUIDANCE;
ANNOUNCES ACTIONS TO ADDRESS UNDERAGE E-VAPOR USE


RICHMOND, Va. - October 25, 2018 - Altria Group, Inc. (Altria) (NYSE: MO) today announces its 2018 third-quarter and nine-months business results and tightens its guidance for 2018 full-year adjusted diluted earnings per share (EPS).

“Altria delivered excellent third-quarter adjusted diluted earnings per share growth of 20% and continued to return large amounts of cash to our shareholders. Our tobacco businesses are successfully executing against their strategies, while making strategic investments to drive long-term success,” said Howard Willard, Altria’s Chairman and Chief Executive Officer. “We believe our year-to-date performance positions us well to deliver on our full-year plans. As a result, we are tightening our guidance range to $3.95 to $4.03, representing a growth rate of 16.5% to 19%.”

As previously announced, a conference call with the investment community and news media will be webcast on October 25, 2018 at 9:00 a.m. Eastern Time. Access to the webcast is available at www.altria.com/webcasts and via the Altria Investor app.

Altria Headline Financials1
($ in millions, except per share data)
Q3 2018
Change vs.
Q3 2017
 
Q3 YTD 2018
Change vs.
Q3 YTD 2017
Net revenues
$6,837
1.6%
 
$19,250
(1.2)%
Revenues net of excise taxes
$5,292
3.3%
 
$14,841
0.4%
 
Reported tax rate
25.5%
(3.9) pp
 
25.1%
(6.1) pp
Adjusted tax rate
23.3%
(12.0) pp
 
23.1%
(12.4) pp
 
Reported diluted EPS
$1.03
6.2%
 
$3.02
11.0%
Adjusted diluted EPS
$1.08
20.0%
 
$3.04
22.6%
1 “Adjusted” financial measures presented in this release exclude the impact of special items. See “Basis of Presentation” for more information.

Cash Returns to Shareholders
Dividends:
In August 2018, Altria’s Board of Directors (Board) increased the regular quarterly dividend by 14.3% to $0.80 per share. Altria’s current annualized dividend rate is $3.20 per share, representing an annualized dividend yield of 5.2% as of October 19, 2018.
Altria paid over $1.3 billion in dividends in the third quarter.

6601 West Broad Street, Richmond VA 23230

The following information was filed by Altria Group, Inc. (MO) on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Altria Group, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Earnings
Condensed Consolidated Statements Of Earnings
Condensed Consolidated Statements Of Stockholders' Equity
Condensed Consolidated Statements Of Stockholders' Equity (Parenthetical)
Background And Basis Of Presentation
Background And Basis Of Presentation (Narrative) (Details)
Background And Basis Of Presentation (Policies)
Background And Basis Of Presentation (Share Repurchase Table) (Details)
Background And Basis Of Presentation (Tables)
Benefit Plans
Benefit Plans (Narrative) (Details)
Benefit Plans (Schedule Of Components Of Net Periodic Benefit Cost (Income)) (Details)
Benefit Plans (Tables)
Condensed Consolidating Financial Information
Condensed Consolidating Financial Information (Condensed Consolidating Balance Sheets) (Details)
Condensed Consolidating Financial Information (Condensed Consolidating Statements Of Cash Flows) (Details)
Condensed Consolidating Financial Information (Condensed Consolidating Statements Of Earnings And Comprehensive Earnings) (Details)
Condensed Consolidating Financial Information (Tables)
Contingencies
Contingencies (Engle Class Action And Engle Progeny Trial Results) (Details)
Contingencies (Engle Progeny Cases Trial Results - Pending And Concluded) (Details)
Contingencies (Federal Government's Lawsuit) (Details)
Contingencies (Florida Bond Statute) (Details)
Contingencies (General Information) (Details)
Contingencies (Guarantees And Other Similar Matters Narrative) (Details)
Contingencies (Health Care Cost Recovery Litigation) (Details)
Contingencies (Judgments Paid And Provisions For Tobacco And Health Litigation) (Details)
Contingencies (Lights/Ultra Lights Cases) (Details)
Contingencies (Non-Engle Progeny Litigation) (Details)
Contingencies (Npm Adjustment Disputes - Settlement With 35 States And Territories And Settlement With New York) (Details)
Contingencies (Other Disputes Under The State Settlement Agreements) (Details)
Contingencies (Other Smoking And Health Class Actions) (Details)
Contingencies (Overview Of Altria And/Or Pm Usa Tobacco-Related Litigation Narrative) (Details)
Contingencies (Schedule Of Pending Cases) (Details)
Contingencies (Tables)
Contingencies (Ust Litigations Narrative) (Details)
Debt
Debt (Narrative) (Details)
Earnings Per Share
Earnings Per Share (Basic And Diluted Earnings Per Share) (Details)
Earnings Per Share (Tables)
Income Taxes
Income Taxes (Narrative) (Details)
Investment In Ab Inbev
Investment In Ab Inbev (Details)
Other Comprehensive Earnings/Losses
Other Comprehensive Earnings/Losses (Changes In Each Component Of Accumulated Other Comprehensive Losses) (Details)
Other Comprehensive Earnings/Losses (Reclassifications) (Details)
Other Comprehensive Earnings/Losses (Tables)
Recent Accounting Guidance Not Yet Adopted
Recent Accounting Guidance Not Yet Adopted (Narrative) (Details)
Recent Accounting Guidance Not Yet Adopted (Tables)
Revenues From Contracts With Customers
Revenues From Contracts With Customers (Narrative) (Details)
Segment Reporting
Segment Reporting (Narrative) (Details)
Segment Reporting (Pre-Tax Asset Impairment, Exit And Implementation Costs) (Details)
Segment Reporting (Schedule Of Pre-Tax Tobacco And Health Litigation Items) (Details)
Segment Reporting (Segment Data Schedule) (Details)
Segment Reporting (Tables)
Segment Reporting Schedule Of Tobacco And Health Litigation Items (Details)
Ticker: MO
CIK: 764180
Form Type: 10-Q Quarterly Report
Accession Number: 0000764180-18-000095
Submitted to the SEC: Thu Oct 25 2018 1:00:20 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Cigarettes

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