Businessweek

Philip Morris International, Inc. announced that consistent with a previously disclosed leadership succession plan, Louis C. Camilleri, Chairman and Chief Executive Officer of the company, relinquished his role as Chief Executive Officer immediately after the Annual Meeting of Shareholders on May 8, 2013. Mr. Camilleri will remain as chairman of the board and as an employee of the company. Mr. Andr Calantzopoulos succeeded Mr. Camilleri as Chief Executive Officer and was elected to the board of directors at the Annual Meeting.

Philip Morris International, Inc. reaffirmed earnings guidance for the year 2013. The company reported diluted earnings per share forecast to be in a range of $5.55 to $5.65, versus $5.17 in 2012, as previously announced on April 18, 2013. Excluding an unfavorable currency impact, at then prevailing exchange rates, of approximately $0.19 for the full-year 2013, reported diluted earnings per share are projected to increase by approximately 10-12% versus adjusted diluted earnings per share of $5.22 in 2012, calculated as reported diluted EPS of $5.17, plus a $0.02 per share charge related to discrete tax items and a $0.03 per share charge related to asset impairment and exit costs.

Philip Morris International, Inc. Presents at Goldman Sachs Consumer Products Symposium, May-14-2013 09:05 AM. Venue: New York, New York, United States. Speakers: Jacek Olczak, Chief Financial Officer.

2013 Annual Meeting of Shareholders

Philip Morris International, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net earnings attributable to company were $2,125 million or $1.28 basic and diluted earnings per share on net revenues of $18,527 million compared to net earnings attributable to company of $2,161 million or $1.25 basic and diluted earning per share on net revenues of $18,022 million for the corresponding period last year. Operating income was $3,387 million against $3,403 million for the same period last year. Earnings before income taxes were $3,151 million against $3,190 million of prior year period. Adjusted diluted EPS, excluding currency was $1.36 against $1.25 of prior year period. Net cash provided by operating activities, excluding currency was $1,628 million against $1,898 million of prior year period. The company revised, for prevailing exchange rates only, its 2013 full-year reported diluted earnings per share forecast to be in a range of $5.55 to $5.65, versus $5.17 in 2012. Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.19 for the full-year 2013, reported diluted earnings per share are projected to increase by approximately 10-12% versus adjusted diluted earnings per share of $5.22 in 2012, unchanged from the constant-currency earnings per share forecast disclosed on February 20, 2013. The $0.19 in unfavorable currency for the full-year 2013, based on prevailing exchange rates, represents an increase of $0.13 compared to the $0.06 of full-year unfavorable currency forecast previously disclosed on February 20, 2013.