Altria 1Q 2023 Earnings Results Presentation

Altria reported first-quarter 2023 net sales of $11.9 billion with operating EBIT of $1.4 billion, despite an 11% year-over-year volume decline reflecting soft global economic conditions. The company generated $531 million in operating cash flow and returned $621 million to shareholders through dividends and share repurchases while delivering $100 million in cost savings.