The presentation is being webcast live at altria.com in a listen-only mode, beginning at approximately
2014 Full-Year EPS Guidance
The factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to this forecast. Reconciliations of full-year adjusted to reported diluted EPS are shown in the table below.
|Altria’s Full-Year Earnings Per Share Guidance|
|Reported diluted EPS||$||2.54|
|NPM Adjustment Items1||(0.03||)||(0.21||)|
|Asset impairment, exit, integration and acquisition-related costs||0.01||—|
|Tobacco and health litigation items||0.01||0.01|
|SABMiller special items||0.01||0.01|
|Loss on early extinguishment of debt||—||0.34|
|Adjusted diluted EPS||$||2.54||to||$||2.59||$||2.38||7||%|
1 Reflects the impact of settlements of, and
determinations made in connection with, certain non-participating
manufacturer (NPM) adjustment disputes (such settlements and
determinations are referred to collectively as NPM Adjustment
The brand portfolios of Altria’s tobacco operating companies include
Forward-Looking and Cautionary Statements
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in Altria’s publicly filed reports, including its Annual Report on Form 10-K for the year ended
These factors include the following: significant competition; changes in adult consumer preferences and demand for Altria’s operating companies’ products; fluctuations in raw material availability, quality and price; reliance on key facilities and suppliers; reliance on critical information systems, many of which are managed by third-party service providers; fluctuations in levels of customer inventories; the effects of global, national and local economic and market conditions; changes to income tax laws; federal, state and local legislative activity, including actual and potential federal and state excise tax increases; increasing marketing and regulatory restrictions; the effects of price increases related to excise tax increases and concluded tobacco litigation settlements on trade inventories, consumption rates and consumer preferences within price segments; health concerns relating to the use of tobacco products and exposure to environmental tobacco smoke; privately imposed smoking restrictions; and, from time to time, governmental investigations.
Furthermore, the results of Altria’s tobacco businesses are dependent upon their continued ability to promote brand equity successfully; to anticipate and respond to evolving adult consumer preferences; to develop, manufacture, market and distribute products that appeal to adult tobacco consumers (including, where appropriate, through arrangements with, and investments in, third parties); to improve productivity; and to protect or enhance margins through cost savings and price increases.
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