Philip Morris International Reports Robust Q1 Growth

Philip Morris International Inc. announced a significant uptick in its first-quarter performance, with net revenue climbing 5.8% year-over-year to $9.3 billion. The company's operating income saw a 16.4% increase, reaching $3.5 billion, while diluted earnings per share (EPS) surged by 24.6% to $1.72.

Smoke-Free Products Drive Revenue

Highlighting the quarter's success, smoke-free products contributed to 42% of total net revenues, marking a 15% rise compared to the previous year. CEO Jacek Olczak expressed confidence in the company's resilience and growth potential, even in the face of global economic uncertainties.

Looking Ahead: 2025 Forecasts

Philip Morris projects an organic net revenue growth of 6% to 8% and an operating income growth of 10.5% to 12.5% for 2025. The second quarter is expected to see diluted EPS between $1.80 and $1.85. Notably, the company has no plans for stock buybacks this year.

Following the earnings announcement, Philip Morris shares experienced a 1.76% increase in premarket trading.