Altria's Revenue Sees 4.6% Decline in Q2, Maintains Profit Growth
Altria Group, Inc. [MO] has reported a substantial increase in profit for the second quarter of 2024, ending on June 30. The company's profit surged to $3.8 billion in Q2, showing a significant jump from the previous quarter.
The company, headquartered in Richmond, Virginia, reported to SEC in an 8-K filing $2.21 earnings per share in the quarter, compared to $1.19 in the previous quarter.
Altria Group, Inc., a prominent player in the tobacco industry sector, saw a revenue of $6.2 billion in the latest period. This figure reflects a 4.6% decrease compared to the revenue of the previous quarter.
In comparison to the revenue of the same quarter in the previous year, Altria Group, Inc. experienced a revenue decrease of 3.3% in the current quarter. Additionally, the company saw a notable 79.6% increase in profit for the current quarter when compared to the profit in the same quarter of the previous year.
Sponsored
As of August 7, 2024 end of day trading.
Dollars in millions | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|
Income Statement |
| Revenue | $6,209.0 | $5,576.0 | $24,483.0 | $6,281.0 |
| Operating Profit | $2,533.0 | $2,674.0 | | $3,089.0 |
| Net Income | $3,803.0 | $2,129.0 | $8,130.0 | $2,166.0 |
| Net Cash | $0.0 | -$75.0 | | $0.0 |
| Gross Margin | $3,675.0 | $3,280.0 | $14,284.0 | $3,699.0 |
| Operating Margin | $0.0 | $0.0 | | $0.0 |
| Profit as % of Revenues | 96.63 | 154.06 | 58.34 | 170.78 |
| Profit as % of Assets | 18.74 | 10.13 | 21.53 | 10.13 |
| Profit as % of Stockholder Equity | -128.22 | -42.04 | -232.95 | -64.52 |
| Return on Equity | -128.22 | -42.04 | -232.95 | -64.52 |
| Return on Assets | 11.06 | 5.84 | 21.08 | 5.94 |
| Turnover Ratio | 30.59 | 26.52 | 0.65 | 29.38 |
| EBITA | $2,533.0 | $2,674.0 | | $3,089.0 |
Balance Sheet |
| Total Assets | $34,387.0 | $36,475.0 | $38,570.0 | $36,469.0 |
| Total Liabilities | $37,353.0 | $41,539.0 | $42,060.0 | $39,826.0 |
Cash Flow Statement |
| Operating Cash Flow | $0.0 | $2,877.0 | $0.0 | $0.0 |
| Investing Cash Flow | $0.0 | $2,316.0 | $0.0 | $0.0 |
| Financing Cash Flow | $0.0 | -$5,268.0 | $0.0 | $0.0 |
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications. Sponsored
