secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2022-05-25T23:59:59+00:00
Accession:  0000102037-22-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Corp reports 6% revenue growth but adjusted EPS down 11%; raises dividend for 52nd year
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000010203722000011/0000102037-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000010203722000011/uvv-20220525.htm
  HTML page:      https://secwatch.observer/filing/0000102037-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer