Altria ( (MO) ) has released its Q4 earnings. Here is a breakdown of the information Altria presented to its investors.
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Altria Group, Inc., a prominent player in the tobacco industry, is known for its leading brands like Marlboro and Copenhagen, and its commitment to transitioning adult smokers to smoke-free products. The company operates in the U.S. tobacco sector, offering both combustible and smoke-free products, and holds equity interests in the beverage and cannabinoid sectors.
In its 2024 earnings report, Altria announced steady financial performance despite challenging market conditions. The company highlighted strong income growth and margin expansion in its core tobacco businesses, as well as significant cash returns to shareholders. Additionally, Altria completed a $3.4 billion share repurchase program and initiated a new $1 billion program.
Key financial metrics for 2024 included net revenues of $24.0 billion, a slight decrease from the previous year, and adjusted diluted EPS growth of 3.4% to $5.12. The company reported a significant increase in reported diluted EPS, driven by favorable tax items and strategic transactions such as the sale of IQOS commercialization rights to Philip Morris International. Despite a decrease in smokeable product revenues, oral tobacco products saw a modest increase driven by higher pricing.
Looking ahead, Altria provided guidance for 2025, projecting an adjusted diluted EPS growth rate of 2% to 5%. The company plans to continue its strategic investments in smoke-free products and remains focused on maintaining its leadership in the U.S. tobacco sector, despite regulatory and market challenges.
Overall, Altria’s financial outlook reflects its strategic focus on innovation and shareholder returns, while navigating the complexities of the evolving tobacco market.
