Altria ( (MO) ) has released its Q1 earnings. Here is a breakdown of the information Altria presented to its investors.
Altria Group, Inc., a prominent player in the tobacco industry, is known for its diverse portfolio of smokeable and smoke-free products, including popular brands like Marlboro and Copenhagen. The company operates primarily in the U.S. market, focusing on transitioning adult smokers to smoke-free alternatives.
In its first-quarter earnings report for 2025, Altria reported a decrease in net revenues by 5.7% compared to the same period in 2024, with revenues net of excise taxes also down by 4.2%. Despite these declines, the company reaffirmed its full-year guidance for adjusted diluted earnings per share (EPS) growth of 2% to 5% over 2024, projecting an EPS range of $5.30 to $5.45.
Key financial highlights from the report include a 6.0% increase in adjusted diluted EPS to $1.23, driven by fewer shares outstanding and higher adjusted operating companies income. However, reported diluted EPS fell by 47.9% to $0.63, primarily due to a significant non-cash impairment charge related to the e-vapor reporting unit goodwill. Altria’s smokeable products segment saw a decrease in shipment volume, while the oral tobacco segment experienced a 5.0% decline in domestic shipment volume.
Altria continued to return cash to shareholders, repurchasing 5.7 million shares for $326 million and paying $1.7 billion in dividends during the quarter. The company also adjusted its treatment of amortization expenses for intangibles to better reflect underlying business performance.
Looking ahead, Altria remains committed to its vision of leading adult smokers to a smoke-free future, with strategic investments in smoke-free products and continued research and development efforts. The company acknowledges the dynamic external environment and plans to monitor economic conditions, regulatory developments, and consumer behavior closely.