---
schema_version: "secwatch.filing_event.v1"
accession: "0000102037-22-000026"
form_type: "8-K"
ticker: "UVV"
cik: "0000102037"
company_name: "UNIVERSAL CORP /VA/"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T04:46:39.150110+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Universal reports Q1 revenue up 23% to $429.8M; adj. diluted EPS down 17% to $0.25

## Summary
- Revenue $429.8M (+23% YoY); gross margin improved 70 bps to 18.5%; as-reported diluted EPS $0.27 (+4% YoY).
- Tobacco ops revenue $348.1M (+18% YoY) but operating income down 9% to $8.1M on strong USD and cost pressures.
- Ingredients ops revenue $81.8M (+46% YoY) driven by strong volumes in human and pet food categories.
- Board declared quarterly dividend of $0.79/share, payable Nov 7 to holders of record Oct 10.
- Management cites rising green leaf tobacco costs and shipping constraints; expects seasonal borrowing to decline in H2.

## SEC filing metadata
- accession: 0000102037-22-000026
- form_type: 8-K
- ticker: UVV
- cik: 0000102037
- company_name: UNIVERSAL CORP /VA/
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102037/000010203722000026/0000102037-22-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102037/000010203722000026/xbrl-20220802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102037-22-000026
- JSON: https://secwatch.observer/filing/0000102037-22-000026.json
- Plain text: https://secwatch.observer/filing/0000102037-22-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.