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PRESS RELEASE Investor Relations : New York : +1 ( 917 ) 663 2233 Lausanne : +41 ( 0 ) 58 242 4666 Email : Investor Relations@pmi.com Media : Lausanne : +41 ( 0 ) 58 242 4500 Email : Iro.Antoniadou@pmi.com 2021 Third - Quarter ● PHILIP MORRIS INTERNATIONAL PHILIP MORRIS INTERNATIONAL INC . REPORTS 2021 THIRD - QUARTER REPORTED DILUTED EPS OF $ 1.55 AND ADJUSTED DILUTED EPS OF $ 1.58 , REPRESENTING CURRENCY - NEUTRAL GROWTH OF 8.5 % ; REVISES AND NARROWS 2021 FULL - YEAR REPORTED DILUTED EPS FORECAST TO A RANGE OF $ 5.77 TO $ 5.82 , OR $ 6.01 TO $ 6.06 ON AN ADJUSTED BASIS , REPRESENTING CURRENCY - NEUTRAL GROWTH OF 13 % TO 14 % NEW YORK , October 19 , 2021 - Philip Morris International Inc. ( NYSE : PM ) today announces its 2021 third quarter results . Growth rates presented in this press release on an organic basis reflect currency - neutral underlying results . Adjusted net revenues exclude the impact related to the Saudi Arabia customs assessments . A glossary of key terms , definitions and explanatory notes is included at the end of this press release . Adjustments , other calculations and reconciliations to the most directly comparable U.S. GAAP measures are included in the schedules to this press release . 2021 THIRD - QUARTER & YEAR - TO - DATE HIGHLIGHTS Reported diluted EPS of $ 1.55 , up by 4.7 % ; up by 2.0 % , excluding currency Adjusted diluted EPS of $ 1.58 , up by 11.3 % ; up by 8.5 % , excluding currency Cigarette and heated tobacco unit shipment volume up by 2.1 % ( reflecting cigarette shipment volume down by 0.4 % , and heated tobacco unit shipment volume up by 23.8 % to 23.5 billion units ) Market share for heated tobacco units in IQOS markets , excluding the U.S. , up by 1.2 points to 6.8 % Net revenues up by 9.1 % ; up by 7.6 % , on an organic basis Net revenues from smoke - free products accounted for 28.6 % of total net revenues Operating income up by 6.5 % ; up by 4.5 % , excluding currency Adjusted operating income up by 7.4 % on an organic basis Adjusted operating income margin up by 0.1 point ; down by 0.1 point on an organic basis Total IQOS users at quarter - end estimated at approximately 20.4 million , of which approximately 14.9 million have switched to IQOS and stopped smoking Increased its regular quarterly dividend by 4.2 % to an annualized rate of $ 5.00 per common share Repurchased 0.9 million shares of its common stock for $ 94 million , at an average price of $ 98.99 per share