secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000102037-22-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000010203722000026/0000102037-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000010203722000026/xbrl-20220802.htm
  HTML page:      https://secwatch.observer/filing/0000102037-22-000026

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