Philip Morris International Inc (PM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and thank you for standing by. Welcome to the Philip Morris International 2026 Second Quarter Results. At this time, all participants are on a listen-only mode. After the speaker's presentation, we'll open up for questions with a limit of two questions per person before rejoining the queue. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's call is being recorded. I would now like to hand it over to our first speaker, James Bushnell, Vice President of Investor Relations and Financial Communication. Please go ahead. Welcome. Thank you for joining us. Earlier today, we issued a press release containing detailed information on our 2026 second quarter results. The press release is available on our website at 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 8K, dated today, 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. I'm joined today by Emmanuel Babeau, Group Chief Financial Officer and Massimo Andolina, currently Regional President for Europe who will succeed Emmanuel as Group CFO...