Philip Morris International Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 20, 2021 at 11:59 am
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Philip Morris International Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 7,594 million compared to USD 6,651 million a year ago. Operating income was USD 3,129 million compared to USD 2,731 million a year ago. Net income was USD 2,172 million compared to USD 1,947 million a year ago. Basic earnings per share from continuing operations was USD 1.39 compared to USD 1.25 a year ago. For the half year, total revenue was USD 15,179 million compared to USD 13,804 million a year ago. Operating income was USD 6,573 million compared to USD 5,520 million a year ago. Net income was USD 4,590 million compared to USD 3,773 million a year ago. Basic earnings per share from continuing operations was USD 2.94 compared to USD 2.42 a year ago. Diluted earnings per share from continuing operations was USD 2.93 compared to USD 2.42 a year ago.
Philip Morris International, Inc. is one of the world leading producers of cigarettes and tobacco products.
In 2023, the group sold 612.9 billion cigarettes (under the brand names Marlboro, Parliament, Chesterfield, L&M, Bond Street, Philip Morris, Next, Lark, Sampoerna A, Dji Sam Soe, etc.) and 125.3 billion heated tobacco (IQOS, HEETS, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks et Fiit and Miix brands).
At the end of 2023, Philip Morris International, Inc. had 50 manufacturing sites worldwide.
Net sales (excluding Swedish Match and Wellness and Healthcare products) are distributed geographically as follows: Americas (6%), Europe (42%), South and Southeast Asia/CIS/Middle East/Africa (32.8%), East Asia and Australia (19.2%).