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) Reports 2013 Second-Quarter Results; Revises 2013 Full-Year Reported Diluted EPS Forecast For Currency Only; Underlying Business Outlook Unchanged

Regulatory News:

Second-Quarter 2013

  • Reported diluted earnings per share of $1.30, down by $0.06 or 4.4% versus $1.36 in 2012
    • Excluding unfavorable currency of $0.07, reported diluted earnings per share up by $0.01 or 0.7% versus $1.36 in 2012 as detailed in the attached Schedule 13
  • Adjusted diluted earnings per share of $1.30, down by $0.06 or 4.4% versus $1.36 in 2012
    • Excluding unfavorable currency of $0.07, adjusted diluted earnings per share up by $0.01 or 0.7% versus $1.36 in 2012 as detailed in the attached Schedule 12
  • Cigarette shipment volume of 228.9 billion units, down by 3.9%
    • Cigarette shipment volume decrease of 2.6%, excluding the Philippines
  • Reported net revenues, excluding excise taxes, of $7.9 billion, down by 2.5%
    • Excluding unfavorable currency, reported net revenues, excluding excise taxes, up by 0.5%
  • Reported operating companies income of $3.4 billion, down by 7.3%
    • Excluding unfavorable currency, reported operating companies income down by 3.3%
  • Adjusted operating companies income, reflecting the items detailed in the attached Schedule 11, of $3.4 billion, down by 7.4%
    • Excluding unfavorable currency, adjusted operating companies income down by 3.4%
  • Reported operating income of $3.3 billion, down by 7.5%
  • Repurchased 16.7 million shares of the company’s common stock for $1.5 billion

Six Months Year-to-Date 2013

  • Reported diluted earnings per share of $2.58, down by $0.02 or 0.8% versus $2.60 in 2012
    • Excluding unfavorable currency of $0.14, reported diluted earnings per share up by $0.12 or 4.6% versus $2.60 in 2012 as detailed in the attached Schedule 17
  • Adjusted diluted earnings per share of $2.59, down by $0.02 or 0.8% versus $2.61 in 2012
    • Excluding unfavorable currency of $0.14, adjusted diluted earnings per share up by $0.12 or 4.6% versus $2.61 in 2012 as detailed in the attached Schedule 16
  • Cigarette shipment volume of 433.8 billion units, down by 5.1%
    • Cigarette shipment volume decrease of 2.4%, excluding the Philippines
  • Reported net revenues, excluding excise taxes, of $15.5 billion, down by 0.4%
    • Excluding unfavorable currency, reported net revenues, excluding excise taxes, up by 1.8%
  • Reported operating companies income of $6.9 billion, down by 4.0%
    • Excluding unfavorable currency, reported operating companies income down by 0.2%
  • Adjusted operating companies income, reflecting the items detailed in the attached Schedule 15, of $6.9 billion, down by 4.1%
    • Excluding unfavorable currency, adjusted operating companies income down by 0.3%
  • Reported operating income of $6.7 billion, down by 4.1%
  • Repurchased 33.4 million shares of the company’s common stock for $3.0 billion

Full-Year 2013

  • PMI revises, for prevailing exchange rates only, its 2013 full-year reported diluted earnings per share forecast to be in a range of $5.43 to $5.53, versus $5.17 in 2012
    • Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.31 for the full-year 2013, reported diluted earnings per share are projected to increase by approximately 10-12% versus adjusted diluted earnings per share of $5.22 in 2012, as detailed in the attached Schedule 20.

Philip Morris International Inc. (NYSE / Euronext Paris: PM) today announced its 2013 second-quarter results.

1 of 20

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
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,960.76 -109.64 -0.61%
S&P 500 2,094.70 -19.79 -0.94%
NASDAQ 4,944.2040 -72.7250 -1.45%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs