Tobacco Company Philip Morris Lights Up Q2: Earnings Surpass Estimates, Raises 2024 EPS Forecast
Tobacco Company Philip Morris Lights Up Q2: Earnings Surpass Estimates, Raises 2024 EPS Forecast
Philip Morris International Inc. (NYSE:PM) shares are trading higher after the company reported better-than-expected second-quarter FY24 earnings and raised the adjusted EPS outlook.
菲利普莫里斯国际股份有限公司（纽交所：PM）公布财报，第二季度FY24收益超预期，调高了调整后的每股收益预期，股价上涨。
The company reported second-quarter growth of 5.6% year-on-year to $9.468 billion, beating the analyst consensus estimate of $9.183 billion.
该公司报告第二季度营收创业板为94.68亿美元，同比增长5.6%，超过分析师的预测值91.83亿美元。
The smoke-free business accounted for 38.1% of the company's total net revenues, up by 2.7pp versus second-quarter last year.
无烟业务占公司总净收入的38.1%，较去年同期增加了2.7个百分点。
Cigarette and Heated Tobacco unit (HTU) shipment volume in second-quarter grew by 2.5% Y/Y, reflecting growth of 13.1% and 0.4% for HTUs and cigarettes respectively.
二季度烟草和加热烟草部门（HTU）的发货量同比增长2.5%，其中HTU和香烟的增长分别为13.1%和0.4%。
Adjusted EPS of $1.59 beat the consensus estimate of $1.57.
调整后的每股收益为1.59美元，超过市场预期的1.57美元。
Adjusted operating margin for the quarter contracted from 39.4% to 38.6%, with $3.66 billion in adjusted operating income.
第二季度调整后营业利润率从39.4%下降到38.6%，调整后营业收入为36.6亿美元。
Also Read: Philip Morris Expands US Operations With $600M Colorado Plant
另请阅读：菲利普·莫里斯通过6,000万美元的科罗拉多工厂扩大美国业务
The company held $4.8 billion in cash and equivalents as of June-end. Net debt totaled $44.33 billion with a net debt to adjusted EBITDA ratio of 3.02.
截至6月底，公司持有48亿美元的现金和等价物，净债务总额为443.3亿美元，净债务与调整后的EBITDA比率为3.02。
Jacek Olczak, Chief Executive Officer, said, "The excellent momentum of our smoke-free business continued with an outstanding second-quarter and first-half performance."
首席执行官杰克·奥尔查克表示：“我们无烟业务的良好势头在第二季度和上半年表现出色。”
Outlook: Philip Morris raised its FY24 adjusted EPS outlook from $6.26 – $6.38 to $6.33 – $6.45 versus an estimate of $6.33.
前景：菲利普莫里斯将其FY24的每股收益预期从6.26-6.38美元调整为6.33-6.45美元，预期市场预期为6.33美元。
Philip Morris sees third-quarter adjusted EPS of $1.77 – $1.82 versus an estimate of $1.77.
菲利普莫里斯预计第三季度调整后每股收益为1.77-1.82美元，预期市场预期为1.77美元。
This forecast assumes Nicotine pouch shipment volume in the U.S. of 560 to 580 million cans, and net revenue growth of 7.5% to 9% on an organic basis.
该预测假设美国的尼古丁口袋发货量为560至58000万罐，有机净营收增长率为7.5%至9%。
The company expects a slightly greater impact from consumer adjustment to the EU characterizing flavor ban than previously assumed.
该公司预计消费者对欧盟口味禁令的调整将比之前预计的更大。
Price Action: PM shares are trading higher by 2.87% at $110.30 at last check Tuesday.
股票价格在上周二最后一次检查时上涨2.87%，为110.30美元。
Image by svklimkin from Pixabay
来自Pixabay的svklimkin图片