Philip Morris International Inc. (PM) Q3 2024 Earnings Call Transcript

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Philip Morris International Inc. (NYSE:PM) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET

Company Participants

James Bushnell – Vice President-Investor Relations and Financial Communications
Emmanuel Babeau – Chief Financial Officer

Conference Call Participants

Bonnie Herzog – Goldman Sachs
Gaurav Jain – Barclays
Faham Baig – UBS
Priya Ohri-Gupta – Barclays
Gaurav Jain – Barclays

Operator

Good day and thank you for standing by. Welcome to the Philip Morris International Inc., 2024 Third Quarter Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, James Bushnell, Vice President of Investor Relations and Financial Communications. Please go ahead.

James Bushnell

Welcome. Thank you for joining us. Earlier today, we issued a press release containing detailed information on our 2024 third-quarter results. The press release is available on our website at www.pmi.com. A glossary of terms, including the definition for smoke-free products as well as adjustments, other calculations and reconciliations to the most directly comparable U.S. GAAP measures for non-GAAP financial measures cited in this presentation are available in Exhibit 99.2 to the company’s Form 8-K dated on today’s date, and on our Investor Relations website.

Today’s remarks contain forward-looking statements and projections of future results. I direct your attention to the Forward-Looking and Cautionary Statements disclosure in today’s presentation and press release for a review of the various factors that could cause actual results to differ materially from projections or forward-looking statements.

It is now my pleasure to introduce Emmanuel Babeau, our Chief Financial Officer. Over to you, Emmanuel.

Emmanuel Babeau

Thank you, James, and welcome everyone. Following an excellent first half we delivered another

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