Philip Morris International Inc. (PM) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Home SEC Filings Philip Morris International Inc. (PM) 10-Q Quarterly Report Thu Oct 25 2018



Exhibit 99.1
PRESS RELEASE
 
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Investor Relations:
 
Media:
 
 
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Lausanne: +41 (0)58 242 4500
 
 
Lausanne: +41 (0)58 242 4666
 
Email: Iro.Antoniadou@pmi.com
 
 
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PHILIP MORRIS INTERNATIONAL INC. (PMI) REPORTS 2018 THIRD-QUARTER RESULTS;
REPORTED DILUTED EPS OF $1.44 UP 13.4% VS. $1.27 IN 2017;
REAFFIRMS 2018 FULL-YEAR REPORTED DILUTED EPS TO BE IN A RANGE OF $4.97 TO $5.02,
REFLECTING CURRENCY-NEUTRAL GROWTH OF APPROXIMATELY 8% TO 9% VS. 2017
ADJUSTED DILUTED EPS OF $4.72

2018 Third-Quarter
•
Reported and adjusted diluted earnings per share of $1.44, up by $0.17 or 13.4% versus $1.27 in 2017
•
Excluding unfavorable currency of $0.09, adjusted diluted earnings per share up by $0.26 or 20.5% versus $1.27 in 2017 as detailed in the attached Schedule 2
•
Cigarette and heated tobacco unit shipment volume of 203.7 billion, down by 2.1%, or up by 1.1% excluding the net impact of total estimated distributor inventory movements, reflecting:
•
Cigarette shipment volume of 195.1 billion units, down by 3.4 billion units or 1.7%
•
Heated tobacco unit shipment volume of 8.7 billion units, down by 1.1 billion units or 11.0%
•
Net revenues of $7.5 billion, up by 0.4%
•
Excluding unfavorable currency of $213 million, net revenues up by 3.3% as detailed in the attached
Schedule 3
•
Operating income of $3.2 billion, up by 2.2%
•
Excluding unfavorable currency of $167 million, operating income up by 7.6% as detailed in the attached Schedule 5
•
Adjusted operating income, reflecting the items detailed in the attached Schedule 6, of $3.2 billion, up by 2.2%
•
Excluding unfavorable currency of $167 million, adjusted operating income up by 7.6% as detailed in the attached Schedule 6

2018 Nine Months Year-to-Date
•
Reported diluted earnings per share of $3.85, up by $0.42 or 12.2% versus $3.43 in 2017
•
Adjusted diluted earnings per share of $3.85, up by $0.46 or 13.6% versus $3.39 in 2017
•
Excluding unfavorable currency of $0.02, adjusted diluted earnings per share up by $0.48 or 14.2% versus $3.39 in 2017 as detailed in the attached Schedule 2
•
Cigarette and heated tobacco unit shipment volume of 579.3 billion, down by 1.2%, or up by 0.3% excluding the net impact of total estimated distributor inventory movements, reflecting:
•
Cigarette shipment volume of 550.1 billion units, down by 15.5 billion units or 2.7%
•
Heated tobacco unit shipment volume of 29.2 billion units, up by 8.7 billion units or 42.4%
•
Net revenues of $22.1 billion, up by 8.2%
•
Excluding favorable currency of $351 million, net revenues up by 6.5% as detailed in the attached
Schedule 4


The following information was filed by Philip Morris International Inc. (PM) on Thursday, October 18, 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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Ticker: PM
CIK: 1413329
Form Type: 10-Q Quarterly Report
Accession Number: 0001413329-18-000053
Submitted to the SEC: Thu Oct 25 2018 7:12:24 AM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Cigarettes

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