Philip Morris International (PM) has been making significant strides in terms of financial performance and strategic transformation towards a smoke-free future. The company's contribution to Andvari Associates' Q1 performance and subsequent rise amid a market decline has been remarkable. Despite a five-year decline in earnings, PM's shareholders still gained an impressive 166% return over the period. Increases in demand for smoke-free options have led to a record high in PM's stock and a surge in its 2025 outlook. The company's business evolution and commitment to smoke-free products have drawn praise and resulted in 38.6M users embracing their alternative offerings. In addition, PM's progressive dividend payouts - derived from a business model that now garners 39% of revenue from smoke-free products - have earmarked the company as a top dividend contender. It has gained ground with the market's top investors, with one billionaire touting PM as one of the best stocks to invest in. PM's CAGNY conference presentation and reaffirmation of their 2025 full-year forecast signals a good long-term investment. The company continues to innovate, exemplified by its development of heated tobacco devices and pouch products. This strategic pivot sees the creation of 500 jobs in a $600 million investment into a manufacturing facility in Aurora, Colo.
Philip Morris International PM News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Sat, 12 Apr 2025 14:58:03 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
