earnings
confidence high
sentiment positive
materiality 0.75
Universal Corp nine-month rev $1.46B (+7% YoY), adj EPS $2.76 (+7%); ingredients double, tobacco dips
UNIVERSAL CORP /VA/
2022-Q3 EPS reported
$2.44
revenue$1,450,540,000
- Revenue $1,456.6M up 7% YoY; gross margin 19.7% vs 19.2% (up 50 bps).
- Diluted EPS $2.44 (as reported) up 26%; adjusted diluted EPS $2.76 up 7% YoY.
- Tobacco ops sales $1,268.6M (-1% YoY), op income $105.6M (-2% YoY); shipping delays push some shipments to FY2023.
- Ingredients ops sales $188.0M (+116% YoY); op income $10.6M vs loss of $4.7M; boosted by Shank's Extracts acquisition (Oct 2021).
- Quarterly dividend declared at $0.78/share, unchanged from prior quarter; payable May 2, 2022 to holders of record Apr 11, 2022.