Philip Morris International ( (PM) ) has released its Q1 earnings. Here is a breakdown of the information Philip Morris International presented to its investors.
Philip Morris International (PMI) is a leading global consumer goods company focused on creating a smoke-free future through its diverse portfolio of smoke-free products, including heat-not-burn, nicotine pouches, and e-vapor products. The company operates in the tobacco industry and is recognized for its commitment to reducing cigarette sales by investing in innovative smoke-free alternatives.
In its first-quarter 2025 earnings report, Philip Morris International showcased robust financial performance, marked by significant growth in its smoke-free product segment. The company reported a 24.6% increase in reported diluted earnings per share (EPS) to $1.72 and a 12.7% rise in adjusted diluted EPS to $1.69, with a notable 17.3% growth excluding currency impacts.
Key highlights from the report include a 14.4% increase in shipment volumes for the smoke-free business, which now accounts for 42% of PMI’s total net revenues. The company’s IQOS brand strengthened its position in the global heat-not-burn category, achieving a 9% market share. Additionally, PMI’s nicotine pouch shipments in the U.S. grew by 53%, driven by the ZYN brand, while the e-vapor segment saw a doubling of shipment volumes, particularly in Europe.
The company also maintained stable performance in its combustibles segment, with flat net revenues and a slight increase in gross profit. PMI declared a regular quarterly dividend of $1.35 per share, reflecting its commitment to returning value to shareholders.
Looking ahead, Philip Morris International remains optimistic about its growth prospects, forecasting double-digit adjusted diluted EPS growth for the full year, despite the challenges posed by the global economic environment. The company continues to focus on expanding its smoke-free product offerings and enhancing its market presence worldwide.