Philip Morris Reports Q4 Earnings Above Street View - Philip Morris Intl (NYSE:PM)

Philip Morris International Inc PM reported fourth-quarter FY22 sales growth of 0.6% year-on-year to $8.15 billion, beating the consensus of $7.58 billion.
Excluding Russia and Ukraine, net revenues increased by 7.9% on an organic basis, and total shipment volume increased by 2.6%.
Cigarette and Heated Tobacco unit shipment volume in Q4 rose by 1.2% Y/Y, with 11.3% growth in East Asia and Australia.
Marlboro cigarette shipment volume decreased by 3.1%. Chesterfield shipment volume jumped 7.7%, and Parliament saw an 8.2% hike.
Revenue from smoke-free products accounted for 36.0% of total net revenues, or 35.6% excluding Russia and Ukraine.
Adjusted operating margin for the quarter compressed from 37.4% to 36.5%, with $2.9 billion in adjusted operating income.
Adjusted EPS of $1.39 beat the consensus of $1.24.
The company held $3.2 billion in cash and equivalents as of Dec. 31, 2022.
Outlook: Philip Morris expects FY23 adjusted EPS of $6.25 - $6.37 and adjusted EPS, ex-currency, of $6.40 - $6.52.
Price Action: PM shares are trading higher by 0.36% at $101.65 on the last check Thursday.