8-KEarnings & ResultsOther EventsExhibits & Filings

ALTRIA GROUP, INC. 8-K Report, Financial Results (Apr 25, 2013)

Filed April 25, 2013For Securities:MO

Summary

Altria Group, Inc. (MO) filed an 8-K on April 24, 2013, detailing its first-quarter 2013 financial results and announcing a new share repurchase program. The company's earnings press release, dated April 25, 2013, was furnished as an exhibit, providing key operational and financial performance metrics for the quarter ended March 31, 2013. Investors should review this press release for specific details on revenue, profitability, and earnings per share. Furthermore, the Board of Directors authorized a new $300 million share repurchase program, expected to be completed by the end of 2013, subject to market conditions and board discretion. This action signals management's confidence in the company's value and its commitment to returning capital to shareholders.

Key Highlights

  • 1Altria Group announced its first-quarter 2013 financial results via an earnings press release furnished with the 8-K filing.
  • 2A new $300 million share repurchase program was authorized by the Board of Directors.
  • 3The new share repurchase program is expected to be completed by the end of 2013.
  • 4The execution of the share repurchase program is subject to marketplace conditions and other factors.
  • 5The share repurchase program is at the discretion of Altria Group's Board of Directors.
  • 6The earnings press release contains important information regarding the company's financial condition and results of operations for the period.
  • 7Information furnished under Item 2.02 is not considered 'filed' for Section 18 liability purposes.

Frequently Asked Questions

The 8-K filing refers to an earnings press release (Exhibit 99.1) dated April 25, 2013, which contains Altria's financial results for the quarter ended March 31, 2013. Investors should consult this press release for specific details on revenue, earnings per share, and other key financial metrics.

The Board of Directors authorized a new $300 million share repurchase program. This indicates that the company believes its shares are undervalued and plans to reduce the number of outstanding shares, which can potentially increase earnings per share and return capital to shareholders.

Altria expects to complete the $300 million share repurchase program by the end of 2013. However, the timing is subject to market conditions and other factors, and remains at the discretion of the Board of Directors.

No, the information in the earnings press release, furnished under Item 2.02 of Form 8-K, is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same legal liabilities as officially filed information.