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Philip Morris International Inc. (NYSE:PM ) Consumer Analyst Group of New York Conference (CAGNY) 2025 February 19, 2025 1:00 PM ET Company Participants Jacek Olczak - Chief Executive Officer Emmanuel Babeau - Chief Financial Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Bonnie Herzog Hi everyone, thanks so much for joining us today. It's a pleasure to welcome Philip Morris International back to CAGNY this year, including Jacek Olczak, Chief Executive Officer; and Emmanuel Babeau, Chief Financial Officer.

While investors in the tobacco space have tended to be more focused on dividends over the years, Philip Morris International (PM 1.29%) has quietly turned itself into a strong growth company as its smoke-free business continues to drive strong results. The company's shares were once again climbing following its fourth-quarter earnings results.

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast of a presentation by Jacek Olczak, Chief Executive Officer, and Emmanuel Babeau, Chief Financial Officer, at the Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, February 19, 2025, at 1:00 p.m. ET. The live webcast and presentation slides will be available at www.pmi.com/2025CAGNY. The webcast replay will be available at the same link until Friday,.

In the current state of the stock market, investors argue over whether valuations are too high. Some see historical indicators as signs of doom, while others feel that future earnings will justify prices.

Philip Morris delivered strong Q4 results, surpassing EPS and revenue estimates, driven by surging demand for non-traditional products like IQOS and ZYN. Non-traditional products now represent 40% of total revenue, significantly boosting gross profits. Despite strong performance and profitability, I maintain a hold rating due to Philip Morris' high valuation with a forward P/E ratio of 18.7X.

Jacek Olczak, Philip Morris International CEO, joined CNBC's "Money Movers" on Thursday and discussed the growing demand for Zyn.

PM's fourth-quarter 2024 results reflect increased earnings and sales on robust momentum across all regions.

Philip Morris International Inc. (NYSE:PM ) Q4 2024 Earnings Conference Call February 6, 2024 9:00 AM ET Corporate Participants James Bushnell - Vice President, Investor Relations and Financial Communications Jacek Olczak - Chief Executive Officer Emmanuel Babeau - Chief Financial Officer Conference Call Participants Matt Smith - Stifel Bonnie Herzog - Goldman Sachs Gaurav Jain - Barclays Eric Serotta - Morgan Stanley Faham Baig - UBS Philip Spain - JPMorgan Operator Good day and thank you for standing by. Welcome to the Philip Morris International Fourth Quarter 2024 and Full Year Results Conference Call.

Jacek Olczak, Philip Morris International CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent earnings.