Philip Morris International Inc. (PM) said, for 2023, the company expects reported EPS to be in a range of $6.09 to $6.21, at prevailing exchange rates. Excluding a total 2023 adjustment of $0.16 per share and an adverse currency impact, at prevailing exchange rates, of $0.15 per share, this forecast represents a projected increase of 7% to 9% versus adjusted EPS in 2022. Net revenue growth or 2023 is projected to be approximately 7% to 8.5% on an organic basis. For the first-quarter, the company expects reported EPS in a range of $1.28 to $1.33.
"For the year, we forecast organic top-line growth of 7% to 8.5% and currency-neutral adjusted diluted EPS growth of 7% to 9%, despite inflationary pressures and transitory impacts related to ILUMA deployment," said Jacek Olczak, CEO.
Fourth quarter adjusted EPS was $1.39 compared to $1.37, prior year. Excluding Russia and Ukraine, adjusted EPS was $1.23 compared to $1.20. Excluding Russia and Ukraine, adjusted operating income increased by 10.3% on an organic basis.
On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $1.24, for the quarter. Analysts' estimates typically exclude special items.
Net earnings attributable to PMI increased to $2.40 billion or $1.54 per share from $2.09 billion or $1.34 per share, last year.
Fourth quarter net revenues were $8.15 billion, up 0.6%. Excluding Russia and Ukraine, net revenues increased by 7.9% on an organic basis. Analysts on average had estimated $7.58 billion in revenue.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.