Altria Group, Inc. (Altria) (NYSE: MO) is participating in the Consumer Analyst Group of New York Conference in Boca Raton, Florida today. Marty Barrington, Altria's Chairman and Chief Executive Officer, and other members of the Altria management team will highlight the strengths of Altria's diverse business model and discuss Altria's core strategies to create long-term value for shareholders.
The presentation is being webcast live at altria.com in a listen-only mode, beginning at approximately 1:45 p.m., Eastern Time. A copy of the business presentation and remarks, and a replay of the audio webcast of the remarks, will be available at altria.com.
2013 Full-Year EPS Guidance
Altria reaffirms its 2013 full-year guidance for reported diluted earnings per share (EPS) in a range of $2.34 to $2.40. The forecast reflects estimated SABMiller plc (SABMiller) special items. The forecast does not reflect the potential impact of Philip Morris USA Inc.'s (PM USA) previously announced agreement to resolve disputes related to the Non-Participating Manufacturer adjustment provisions of the Master Settlement Agreement. Altria also reaffirms its 2013 full-year guidance for adjusted diluted EPS, which excludes special items shown in the table below, in a range of $2.35 to $2.41, representing a growth rate of 6% to 9% from an adjusted diluted EPS base of $2.21 per share in 2012.The factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to this forecast. Reconciliations of full-year adjusted to reported diluted EPS are shown in the table below.
|Altria's Full-Year Earnings Per Share Guidance Excluding Special Items|
|Reported diluted EPS||$ 2.34 to $ 2.40||$||2.06||14% to 17%|
|Loss on early extinguishment of debt||—||0.28|
|Asset impairment, exit and implementation costs||—||0.01|
|SABMiller special items||0.01||(0.08||)|
|PMCC leveraged lease benefit||—||(0.03||)|
|Adjusted diluted EPS||$ 2.35 to $ 2.41||$||2.21||6% to 9%|
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