Philip Morris International Inc. (NYSE:PM) Files An 8-K Regulation FD Disclosure
Regulation FD Disclosure.
On March 4, 2019, Philip Morris International Inc. issued a press release announcing that, as a result of a judgment in two smoking and health class actions in Québec against its Canadian subsidiary, Rothmans, Benson & Hedges Inc., issued on March 1, 2019, it will incur in its consolidated results a pre-tax charge of $194 million, representing approximately $142 million net of tax, in the first quarter 2019, recorded as tobacco litigation-related expenses.
The press release, attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference to this Item 7.01, describes the impact of this charge on the company’s full-year 2019 reported diluted earnings per share forecast.
PMI is not a party to the cases.
In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be incorporated by reference into any filing or other document to the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing or document.
Financial Statements and Exhibits.
Philip Morris International Inc. Exhibit
EX-99.1 2 canadapressrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1PRESS RELEASEInvestor Relations: Media:New York: +1 (917) 663 2233 Lausanne: +41 (0)58 242 4500Lausanne: +41 (0)58 242 4666 PHILIP MORRIS INTERNATIONAL INC. REVISES FULL-YEAR 2019 REPORTED DILUTED EARNINGS PER SHARE FORECAST TO BE AT LEAST $5.28,…
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About Philip Morris International Inc. (NYSE:PM)
Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada. The Company’s premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. Its local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.