Financial News

Full Year Highlights

Net revenues for the full year increased +14.4% driven by Organic Net Revenue¹ growth of +14.7% with underlying Volume/Mix of +1.3%. For the fourth quarter, Net revenues increased +7.1% driven by Organic Net Revenue¹ growth of +9.8% with underlying Volume/Mix of -0.4%
Diluted EPS was $3.62, up +84.7%; Adjusted EPS¹ was $3.19, up +19.0% on a constant currency basis
Year-to-date cash provided by operating activities was $4.7 billion; Free Cash Flow¹ was $3.6 billion, up +$0.6 billion vs prior year
Return of capital to shareholders was $3.7 billion; increased dividend per share by 10%
Closed the divestiture of our developed market gum business for $1.4 billion
Expecting for 2024 an on-algorithm year for Organic Net Revenue, Adjusted EPS and Free Cash Flow, with revenue growth at upper end of 3-5% range

Third Quarter Highlights

Net revenues increased +16.3% driven by Organic Net Revenue¹ growth of +15.7% with strong +3.8pp Volume/Mix performance, Volume/Mix positive across all regions
Diluted EPS was $0.72, up +84.6%; Adjusted EPS¹ was $0.82, up +16.7% on a constant currency basis
Year-to-date cash provided by operating activities was $3.2 billion; Free Cash Flow¹ was $2.4 billion, up +$0.5 billion vs prior year
Return of capital to shareholders was $2.2 billion in the first nine months of the year
Closed the divestiture of our developed market gum business for $1.4 billion
Raising Organic Net Revenue outlook to 14% to 15% and Adjusted EPS growth outlook to ~16%

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