Universal Corp reports FY2023 EPS $4.97 (up 43% YoY); raises dividend 53rd consecutive year

UNIVERSAL CORP /VA/

2023-FY EPS reported $4.97 revenue$2,549,818,000

FY2023 revenue $2,569.8M (+22% YoY); operating income $181.1M (+13%); diluted EPS $4.97 (+43%).
Tobacco segment sales $2,258.3M (+23%) and op income $172.9M (+10%); ingredients op income $10.6M (-36%).
Recognized $24.2M tax benefit and $5.0M interest from favorable Brazil tax ruling in Q4.
Board raised quarterly dividend to $0.80 (annual $3.20), payable Aug 7 – 53rd consecutive increase.
Announced $30M expansion at Shank's Extracts for liquid/dry manufacturing and storage.

item 2.02 item 7.01 item 8.01 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 fiscal year ended March 31, 2023 results: revenue $2,569.8, EPS $4.97.

Period: fiscal year ended March 31, 2023
Revenue: $2,569.8
EPS: $4.97
Result: reported results

Exact text from the filing

3 FINANCIAL HIGHLIGHTS Fiscal Year Ended March 31, Change (in millions of dollars, except per share data) 2023 2022 $ % Consolidated Results Sales and other operating revenue $ 2,569.8 $ 2,103.6 $ 466.2 22 % Cost of goods sold 2,111.5 1,694.7 416.9 25 % Gross profit margin 17.83 % 19.44 % --- -161 bps Selling, general and administrative expenses 277.2 240.7 36.5

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Source: SEC EDGAR

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