CG Stocks News= Reynolds American, Inc. (NYSE:RAI), Philip Morris International Inc. (NYSE:PM)

Reynolds American, Inc. (RAI) manufactures, and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, Santa Fe, and American Snuff segments. The RJR Tobacco segment offers cigarettes under the NEWPORT, CAMEL, PALL MALL, DORAL, MISTY, and CAPRI brands; and CAMEL Snus, a smoke-free tobacco product, in addition to manages various licensed brands, counting DUNHILL and STATE EXPRESS 555. The Santa Fe segment manufactures and markets cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names. The company also manufactures and markets digital vapor cigarettes under the VUSE brand name; and markets nicotine replacement therapy products under the ZONNIC brand. It distributes its products mainly through direct wholesale deliveries from a local distribution center and public warehouses. Reynolds American Inc. was founded in 2004 and is headquartered in Winston-Salem, North Carolina.

Philip Morris International Inc. (PM) recently declared its 2016 full-year and fourth-quarter results.

“Our results last year underscore the strength of our existing business, driven by our world-class brand portfolio, the enormous promise of our Reduced-Risk Products and the tremendous commitment of our talented employees,” said André Calantzopoulos, Chief Executive Officer.

2016 Full-Year

  • Stated diluted earnings per share of $4.48, up by $0.06 or 1.4% as contrast to $4.42 in 2015
    • Apart From unfavorable currency of $0.46, stated diluted earnings per share up by $0.52 or 11.8% as contrast to $4.42 in 2015 as detailed in the attached Plan 15
  • Apart From unfavorable currency of $0.46, stated diluted earnings per share up by $0.52 or 11.8% as contrast to $4.42 in 2015 as detailed in the attached Plan 15
  • Adjusted diluted earnings per share of $4.48, up by $0.06 or 1.4% as contrast to $4.42 in 2015
    • Apart From unfavorable currency of $0.46, adjusted diluted earnings per share up by $0.52 or 11.8% as contrast to $4.42 in 2015 as detailed in the attached Plan 15
  • Apart From unfavorable currency of $0.46, adjusted diluted earnings per share up by $0.52 or 11.8% as contrast to $4.42 in 2015 as detailed in the attached Plan 15
  • Cigarette shipment volume of 812.9 billion units, down by 4.1%
  • HeatSticks shipment volume of 7.4 billion units, up from 396 million units in 2015
  • Stated net revenues of $75.0 billion, up by 1.4%
  • Net revenues, apart from excise taxes, of $26.7 billion, down by 0.4%
    • Apart From unfavorable currency of $1.3 billion, net revenues, apart from excise taxes, up by 4.4% as detailed in the attached Plan 13
  • Apart From unfavorable currency of $1.3 billion, net revenues, apart from excise taxes, up by 4.4% as detailed in the attached Plan 13
  • Stated operating income of $10.8 billion, up by 1.8%
  • Operating companies income of $11.1 billion, up by 1.6%
    • Apart From unfavorable currency of $1.0 billion, operating companies income up by 11.0% as detailed in the attached Plan 13
  • Apart From unfavorable currency of $1.0 billion, operating companies income up by 11.0% as detailed in the attached Plan 13
  • Adjusted operating companies income, reflecting the items detailed in the attached Plan 14, of $11.1 billion, up by 0.9%
    • Apart From unfavorable currency of $1.0 billion, adjusted operating companies income up by 10.3% as detailed in the attached Plan 14
  • Apart From unfavorable currency of $1.0 billion, adjusted operating companies income up by 10.3% as detailed in the attached Plan 14
  • Raised the regular quarterly dividend by 2.0% to an annualized rate of $4.16 per common share

2016 Fourth-Quarter

  • Stated diluted earnings per share of $1.10, up by $0.30 or 37.5% as contrast to $0.80 in 2015
    • Apart From unfavorable currency of $0.13, stated diluted earnings per share up by $0.43 or 53.8% as contrast to $0.80 in 2015 as detailed in the attached Plan 12
  • Apart From unfavorable currency of $0.13, stated diluted earnings per share up by $0.43 or 53.8% as contrast to $0.80 in 2015 as detailed in the attached Plan 12
  • Adjusted diluted earnings per share of $1.10, up by $0.29 or 35.8% as contrast to $0.81 in 2015
    • Apart From unfavorable currency of $0.13, adjusted diluted earnings per share up by $0.42 or 51.9% as contrast to $0.81 in 2015 as detailed in the attached Plan 12
  • Apart From unfavorable currency of $0.13, adjusted diluted earnings per share up by $0.42 or 51.9% as contrast to $0.81 in 2015 as detailed in the attached Plan 12
  • Cigarette shipment volume of 200.6 billion units, down by 4.4%
  • HeatSticks shipment volume of 3.7 billion units, up from 62 million units in 2015
  • Stated net revenues of $19.2 billion, up by 4.5%
  • Net revenues, apart from excise taxes, of $7.0 billion, up by 9.1%
    • Apart From unfavorable currency of $90 million, net revenues, apart from excise taxes, up by 10.5% as detailed in the attached Plan 10
  • Apart From unfavorable currency of $90 million, net revenues, apart from excise taxes, up by 10.5% as detailed in the attached Plan 10
  • Stated operating income of $2.6 billion, up by 37.4%
  • Operating companies income of $2.7 billion, up by 34.4%
    • Apart From unfavorable currency of $360 million, operating companies income up by 52.4% as detailed in the attached Plan 10
  • Apart From unfavorable currency of $360 million, operating companies income up by 52.4% as detailed in the attached Plan 10
  • Adjusted operating companies income, reflecting the items detailed in the attached Plan 11, of $2.7 billion, up by 30.0%
    • Apart From unfavorable currency of $360 million, adjusted operating companies income up by 47.4% as detailed in the attached Plan 11
  • Apart From unfavorable currency of $360 million, adjusted operating companies income up by 47.4% as detailed in the attached Plan 11

2017 Full-Year Forecast

  • Forecasts 2017 full-year stated diluted earnings per share to be in a range of $4.70 to $4.85, at prevailing exchange rates, as contrast to $4.48 in 2016. Apart From an unfavorable currency impact, at prevailing exchange rates, of about $0.18 for the full-year 2017, the stated diluted earnings per share range represents a projected increase of about 9% to 12% as contrast to adjusted diluted earnings per share of $4.48 in 2016 as detailed in the attached Plan 15
  • This forecast reflects net revenue growth, apart from excise taxes, in excess of the company’s current annual growth target range of 4% to 6%, apart from currency and acquisitions
  • This forecast does not include any share repurchases in 2017
  • This forecast excludes the impact of any future acquisitions, unanticipated asset impairment and exit cost charges, future changes in currency exchange rates, and any unusual events. Factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to these projections

 

 

 

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