Altria Group, Inc. (Altria) (NYSE: MO) is participating in the Barclays Back-To-School Consumer Conference in Boston, Massachusetts today. During the presentation, Howard Willard, Altria’s Executive Vice President and Chief Financial Officer, will review how Altria’s financial goals, business model and strategies have created significant shareholder value and position Altria to deliver strong returns in the future.
The presentation is being webcast live at altria.com in a listen-only mode, beginning at approximately 10:30 a.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) to be in a range of $2.51 to $2.56. Altria also reaffirms its 2013 full-year guidance for adjusted diluted EPS, which excludes special items shown in the table below, to be in the range of $2.36 to $2.41, representing a growth rate of 7% to 9% from an adjusted diluted EPS base of $2.21 per share in 2012.The factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to this forecast. Reconciliations of full-year adjusted to reported diluted EPS are shown in the table below.
|Altria’s Full-Year Earnings Per Share Guidance Excluding Special Items|
|Reported diluted EPS||$||2.51||to||$||2.56||$||2.06||22||%||to||24||%|
|Loss on early extinguishment of debt||—||0.28|
|NPM Adjustment Settlement*||(0.16||)||—|
|Asset impairment, exit and implementation costs||—||0.01|
|SABMiller special items||0.01||(0.08||)|
|PMCC leveraged lease benefit||—||(0.03||)|
|Adjusted diluted EPS||$||2.36||to||$||2.41||$||2.21||7||%||to||9||%|
|*Reflects the impact of Philip Morris USA Inc.’s (PM USA) settlement with certain states of the non-participating manufacturer adjustment disputes for 2003-2012 (NPM Adjustment Settlement).|
|**Excludes the tax impact of the Philip Morris Capital Corporation (PMCC) leveraged lease benefit.|