Universal Corp nine-month sales up 29% to $1.88B; adjusted EPS $2.80 vs $2.76

UNIVERSAL CORP /VA/

2023-Q3 EPS reported $2.82 revenue$1,869,269,000

Diluted EPS as reported $2.82 ($2.44 prior year); adjusted EPS $2.80 (up 1% YoY).
Tobacco segment operating income $119.0M (+13% YoY) on 29% revenue growth to $1.64B.
Ingredients segment operating income $9.9M (-7% YoY); citing temporary demand softening.
Uncommitted tobacco inventory below 7% of total; CEO cites strong demand and undersupply.
Credit facility refinanced and expanded; borrowings reduced below peak working capital.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIVERSAL CORP /VA/ reported nine months ended December 31, 2022 results: revenue $ 1,875.8, EPS $ 2.82.

Period: nine months ended December 31, 2022
Revenue: $ 1,875.8
EPS: $ 2.82
Result: reported results

Exact text from the filing

FINANCIAL HIGHLIGHTS Nine Months Ended December 31, Change (in millions of dollars, except per share data) 2022 2021 $ % Consolidated Results Sales and other operating revenue $ 1,875.8 $ 1,456.6 $ 419.2 29 % Cost of goods sold $ 1,540.4 $ 1,170.0 $ 370.4 32 % Gross Profit Margin 17.9 % 19.7 % -180 bps Selling, general and administrative expenses $ 206.8 $ 175.5

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41 earnings releases filed in the last 30 days. Browse all earnings releases →

UNIVERSAL CORP /VA/ filing history →

Source: SEC EDGAR

accession 0000102037-23-000008

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