Friday, November 11, 2011

US Big Tobacco Corps 3Q 2011 Earnings Growth Continues at a Smokin' Pace

I found 4 Big Tobacco Corps with Pretax Income of at least $100 mil in the most recent quarter.

These 4 Big Tobacco Corps generated Total Pretax Income growth of a very robust 17% in the 3Q 2011, driven by exceptional earnings growth overseas by Phillip Morris International (PM).

Below here are these 3Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.

...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)

Phillip Morris Intl 3,485 2,622 863 33%
Altria Group 1,793 1,683 110 7%
Reynolds American 581 618 (37) -6%
Lorillard 421 437 (16) -4%

Total all 4 6,280 5,360 920 17%