This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Philip Morris International Inc. (PMI) Hosts Investor Day; Revises Forecast For 2012 Full-Year EPS; Reviews Outlook And Growth Strategies

Regulatory News:

Philip Morris International Inc.’s (NYSE / Euronext Paris: PM) senior management will offer its perspective on the company’s business outlook and long-term growth strategies at a two-day investor meeting starting today at approximately 9:00 a.m. (Swiss time) at its Operations Center in Lausanne, Switzerland.

PMI revises, for prevailing exchange rates only, its 2012 full-year reported diluted earnings per share forecast to be in a range of $5.10 to $5.20, versus $4.85 in 2011. Excluding a forecasted total unfavorable currency impact of approximately $0.25 for the full-year 2012, reported diluted earnings per share are projected to increase by approximately 10% to 12% versus adjusted diluted earnings per share of $4.88 in 2011.

Adjusted diluted earnings per share of $4.88 in 2011 is calculated as reported diluted earnings per share of $4.85, less a $0.02 per share benefit for discrete tax items, plus a $0.05 per share charge related to asset impairment and exit costs.

This guidance excludes the impact of any potential future acquisitions, unanticipated asset impairment and exit cost charges, and any unusual events.

Highlights of the event include:

Opening remarks from Louis C. Camilleri, Chairman of the Board and Chief Executive Officer, outlining:

  • The key drivers and sustainability of the company’s strong business performance, including a forecast of solid organic growth for the full-year 2012; and
  • The mid to long-term growth prospects for the business

From André Calantzopoulos, Chief Operating Officer, an overview of:

  • The global tobacco industry;
  • The competitive, fiscal and regulatory landscapes;
  • The roll-out of the company’s new commercial approach: and
  • The company’s progress in developing Next Generation Products (NGPs), or Modified Risk Tobacco Products, including its targeted timeline for full commercialization of NGPs by 2016/2017

From Hermann Waldemer, Chief Financial Officer, an update on:

  • The impact of recent currency movements;
  • The company’s strategies to reduce working capital and to fuel further cash flow growth in the years ahead; and
  • The company’s approach to continue to generously reward its shareholders through a judicious balance of dividends and share repurchases

And presentations, outlining the company’s strategies for growth, from:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 18,267.22 -18.52 -0.10%
S&P 500 2,129.48 -1.34 -0.06%
NASDAQ 5,094.9580 +4.1640 0.08%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs