earnings
confidence high
sentiment neutral
materiality 0.70
Universal Corp reports 6% revenue growth but adjusted EPS down 11%; raises dividend for 52nd year
UNIVERSAL CORP /VA/
2022-FY EPS reported
$3.47
revenue$2,091,150,000
- Fiscal 2022 revenue $2,103.6M (+6%); diluted EPS $3.47; adjusted diluted EPS $3.79 (-11% YoY).
- Ingredients ops sales surged 89% to $267.8M; operating income $16.6M vs $0.4M prior year, driven by Shank's acquisition.
- Tobacco ops sales flat at $1,835.8M; operating income fell 7% to $157.8M due to shipping constraints and Brazilian crop price spike.
- Dividend increased to $0.79/quarter ($3.16 annualized), marking 52nd consecutive annual increase; yield ~5% based on $60.22 close.