Philip Morris Intl FY24 Adj. EPS Outlook Revised Up To $6.33-$6.45 (From $6.19-$6.31 Prior) Vs. $6.33 Estimate
|
|
Full-Year |
||||||||
|
|
2024 Forecast |
|
2023 |
Growth |
|||||
|
|
|
|
|
|
|
|
|
|
|
|
Reported Diluted EPS |
$5.89 |
- |
$6.01 |
|
$ 5.02 |
|
|
|
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
Asset impairment and exit costs |
0.09 |
|
0.06 |
|
|
|
|
||
|
Termination of distribution arrangement in the Middle East |
— |
|
0.04 |
|
|
|
|
||
|
Impairment of goodwill and other intangibles |
0.01 |
|
0.44 |
|
|
|
|
||
|
Amortization of intangibles(1) |
0.43 |
|
0.25 |
|
|
|
|
||
|
Charges related to the war in Ukraine |
— |
|
0.03 |
|
|
|
|
||
|
Swedish Match AB acquisition accounting related items |
— |
|
0.01 |
|
|
|
|
||
|
Income tax impact associated with Swedish Match AB financing |
0.09 |
|
(0.11) |
|
|
|
|
||
|
South Korea indirect tax charge |
— |
|
0.11 |
|
|
|
|
||
|
Termination of agreement with Foundation for a Smoke-Free World |
— |
|
0.07 |
|
|
|
|
||
|
Fair value adjustment for equity security investments |
(0.15) |
|
(0.02) |
|
|
|
|
||
|
Tax items |
(0.03) |
|
0.11 |
|
|
|
|
||
|
Total Adjustments |
0.44 |
|
0.99 |
|
|
|
|
||
|
Adjusted Diluted EPS |
$6.33 |
- |
$6.45 |
|
$ 6.01 |
|
5.3% |
- |
7.3% |
|
Less: Currency |
(0.34) |
|
|
|
|
|
|
||
|
Adjusted Diluted EPS, excluding currency |
$6.67 |
- |
$6.79 |
|
$ 6.01 |
|
11.0% |
- |
13.0% |
|
Full-Year Forecast |