earnings
confidence high
sentiment positive
materiality 0.75
Universal Corp six-month revenue up 34% to $1.08B; diluted EPS $1.15, adj. EPS $1.13
UNIVERSAL CORP /VA/
2023-Q2 EPS reported
$1.15
revenue$1,079,126,000
- Sales $1,080.8M (+34% YoY); operating income $51.2M (+27%); diluted EPS $1.15 (+11%).
- Tobacco ops revenue $918.1M (+33%) driven by increased shipments, especially Brazilian carryover.
- Ingredients ops revenue $162.7M (+44%); operating income $9.1M (+29%) on strong demand.
- Declared $0.79 quarterly dividend payable Feb 6, 2023 to holders of record Jan 9, 2023.
- Approved up to $100M share repurchase program; ~24.6M shares outstanding.