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Altria ALTRIA REPORTS 2021 THIRD - QUARTER AND NINE - MONTHS RESULTS ; ANNOUNCES EXPANDED SHARE REPURCHASE PROGRAM ; NARROWS 2021 FULL - YEAR EARNINGS GUIDANCE RICHMOND , Va . - October 28 , 2021 - Altria Group , Inc. ( Altria ) ( NYSE : MO ) today reports its 2021 third quarter and nine - months business results , announces the expansion of its existing share repurchase program and narrows its 2021 full - year adjusted diluted earnings per share ( EPS ) guidance . " Altria continued to balance maximizing profitability from our core tobacco businesses with investing to realize our Vision of responsibly leading the transition of adult smokers to a smoke - free future , " said Billy Gifford , Altria's Chief Executive Officer . " Our tobacco businesses performed well against difficult year - over year comparis and we're encouraged by the ificant retail share growth from on ! in the third quarter . We also continued to reward shareholders with a strong and growing dividend and announced today the expansion of our existing $ 2.0 billion share repurchase program to $ 3.5 billion . " " We are raising the lower - end of our full - year 2021 guidance and now expect to deliver adjusted diluted EPS in a range of $ 4.58 to $ 4.62 . This range represents a growth rate of 5 % to 6 % from a $ 4.36 base in 2020. " Altria Headline Financials¹ ( $ in millions , except per share data ) Net revenues Revenues net of excise taxes 1 Reported tax rate Adjusted tax rate Reported diluted EPS2 Adjusted diluted EPS² Q3 2021 $ 6,786 $ 5,531 17.6 % 24.9 % $ ( 1.48 ) $ 1.22 Change vs. Q3 2020 ( 4.7 ) % ( 2.6 ) % 100.0+ pp ( 0.9 ) PP ( 100 ) % + 2.5 % Q3 YTD 2021 $ 19,758 $ 16,025 44.9 % 24.9 % 6601 West Broad Street , Richmond VA 23230 $ 0.46 $ 3.52 Change vs. Q3 YTD 2020 ( 0.5 ) % 1.5 % 3.1 PP 0.2 PP ( 66.2 ) % 4.5 % " Adjusted " financial measures presented in this release exclude the impact of special items . See " Basis of Presentation " for more information . 2 " EPS " represents diluted earnings ( losses ) per share attributable to Altria . As previously announced , a conference call with the investment community and news media will be webcast on October 28 , 2021 at 9:00 a.m. Eastern Time . Access to the webcast is available at www.altria.com/webcasts .