2024-02-21 17:54:09 ET
Altria Group, Inc. (MO)
Consumer Analyst Group of New York Conference
February 21, 2024, 01:00 PM ET
Company Participants
Billy Gifford - CEO
Sal Mancuso - CFO
Conference Call Participants
Bonnie Herzog - Goldman Sachs
Ann Gurkin - Davenport
Presentation
Unidentified Analyst
All right. Good afternoon, everyone. We to get started here in a second. I hope everyone enjoyed lunch. It is my privilege once again to welcome Altria back to CAGNY. Joining us today are Chief Executive Officer, Billy Gifford, Chief Financial Officer, Sal Mancuso. Please join me in thanking them for their continued support of the conference, including their sponsorship, we break tomorrow morning.
The tobacco industry remains subject to significant shifts in consumer demand and regulatory dynamics. Against this, Altria remains committed to its continued pursuit of its vision to responsibly lead the transition of adult smokers to a smoke-free future. To enable this, the company has reshaped its portfolio of next-generation products over the past few years, while offerings now include, on!, NJOY and Ploom, among others.
Moreover, Altria continues to engage with stakeholders to support consistent enforcement against illicit vapor products that have become prevalent in the U.S. But speaking the stability of its core business, Altria has been able to balance this investment in the future with consistent results near term, exemplified by high-quality cash generation and healthy shareholder returns via dividends and share repurchase.
And so Billy, with that, I will now turn it over to you to bring it to light for us....
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Altria Group, Inc. (MO) CEO Billy Gifford Presents at Consumer Analyst Group of New York Conference Transcript