Innovation is generating enhanced results from Altria Group's operating companies. By the statistics, the Richmond-based tobacco leader expanded full-year 2015 adjusted earnings per share (EPS) by almost 9 %, which was in accordance with its long lasting EPS growth goal. On top of that, it came back almost $4.2 billion in dividends to investors, in line with the company's objective of paying out about 80 % of adjusted diluted EPS, stated Marty Barrington, representative, CEO and president.
Altria also accomplished a $1-billion share repurchase program and introduced a new $1-billion share repurchase program that it wants to finish by the end of 2016. "Our key tobacco companies supplied on their goals by increasing revenue and toning up their market leadership position," Barrington said.
Dealing with particular products, the chief executive observed that it is too early to speak about the results of Philip Morris USA's national development of Marlboro Midnight Menthol, which was held in November. Even so, he did say the company "plans Marlboro Midnight Menthol to develop on the very positive momentum we've viewed from the Marlboro Black family, which currently has grown 20 successive quarters." And in the field of brand-new, revolutionary tobacco products, Altria's Nu Mark LLC is ongoing to develop a portfolio of new tobacco products making use of its solid internal abilities and its collaboration with Philip Morris International (PMI). In November, influenced by stimulating final results from lead markets, Nu Mark ongoing its disciplined development of MarkTen XL e-vapor products to extra select retail chains, Barrington described. "With regard to heat-not-burn products, we keep on to back PMI as it prepares for a 2016 product approval to the FDA for a modified-risk tobacco product designation," he added. "We look forward to talking about more about our strategies for U.S. commercialization at the proper time."
Altria Group is the parent company for Philip Morris USA, John Middleton, U.S. Smokeless Tobacco. Altria also holds an ongoing economic and voting interest in SABMiller. The brand portfolios of Altria’s tobacco operating companies include Marlboro, L&M, Parliament, Black & Mild, Copenhagen and Skoal.