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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.

Global tobacco company Philip Morris International (PM 9.44%) reported fourth-quarter and full-year 2024 earnings on Thursday, Feb. 6, that exceeded analysts' consensus expectations. Adjusted EPS of $1.55 came in just ahead of the estimated $1.50 and revenue of $9.71 billion surpassed the forecasted $9.44 billion.

While the top- and bottom-line numbers for Philip Morris (PM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Philip Morris International (PM) shares traded at an all-time high Thursday after the tobacco giant posted better-than-expected results and guidance on soaring demand for its non-smoking alternatives.

Philip Morris International Inc. PM shares are trading higher on Thursday after fourth-quarter FY24 earnings result.

Tobacco giant cites boost from smokeless products such as the Zyn nicotine pouch.

Philip Morris (PM) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.36 per share a year ago.

Philip Morris is a leading dividend business with strong smoke-free product growth, including IQOS and ZYN, driving revenue and market share. Despite PM's impressive performance and growth prospects, its EV/EBITDA multiple is nearly double that of peers, reducing the margin of safety. PM's robust dividend policy, with DPS yielding ~4.2% with 17 years of growth, makes it a solid long-term hold despite limited upside potential.