Altria Group, Inc. (ALG) is a holding company. As of December 31, 2008, ALG’s wholly owned subsidiaries included Philip Morris USA Inc. (PM USA) and John Middleton Co. (Middleton). Philip Morris Capital Corporation (PMCC), another wholly owned subsidiary, maintains a portfolio of leveraged and direct finance leases. In addition, the Company held a 28.5% interest in SABMiller plc (SABMiller), as of December 31, 2008. On January 6, 2009, the Company acquired UST Inc. (UST), which owns operating companies engaged in the manufacture and sale of smokeless tobacco products and wine. On March 28, 2008, it completed the spin-off of Philip Morris International Inc. (PMI) to Altria Group, Inc.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Altria Group, Inc.'s revenue increased 19% to $17.54B. Net income from continuing operations increased 3% to $2.48. Revenues reflect an increase in earnings from Financial services, the presence of income from Wine segment and higher income from Cigarettes segment. Net income was partially offset by an increase in marketing, administration & research costs and higher exit costs.
Company Address
Altria Group, Inc.
6601 West Broad Street Richmond VA 23230
P: +1804.2742200