earnings
confidence high
sentiment positive
materiality 0.65
Universal Corp Q2 fiscal 2022 EPS $1.04; sales up 16% to $804M, acquires Shank's
UNIVERSAL CORP /VA/
2022-Q2 EPS reported
$1.04
revenue$802,860,000
- Diluted EPS $1.04 (up 73% YoY); adjusted EPS $0.96 (up 140%) on sales $804M (+16%).
- Tobacco ops income $35.8M (+52%); ingredients revenue $113.4M (+200%) on Silva/Shank's.
- Closed Shank's Extracts purchase on Oct 4, 2021 expanding plant-based ingredients platform.
- Quarterly dividend of $0.78 declared; payable Feb 7, 2022 to holders of record Jan 10, 2022.
- Citing logistical disruptions, inflation, and freight cost increases; expects second-half weighted shipments.