Altria Group recently announced its 2023 operating results. Net income in the fourth quarter of 2023 was US$5.98 billion, and full-year net income was US$24.48 billion, a year-on-year decrease of 2.2% and 2.4% respectively.
"Last year was a critical year for Altria," Altria CEO Billy Gifford said in a statement. "We made progress in pursuing our vision by optimizing our smoke-free portfolio. Significant progress and our business is performing well in a challenging environment. Adjusted diluted earnings per share of the company's stock increased 2.3% year-over-year. We plan to continue executing on our balanced earnings growth strategy in 2024 and expect full-year adjusted diluted earnings per share in 2024 Earnings are between $5 and $5.15, up from $4.95 in 2023."
