---
schema_version: "secwatch.filing_event.v1"
accession: "0000102037-23-000019"
form_type: "8-K"
ticker: "UVV"
cik: "0000102037"
company_name: "UNIVERSAL CORP /VA/"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T15:30:30.902443+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000102037-23-000019
- form_type: 8-K
- ticker: UVV
- cik: 0000102037
- company_name: UNIVERSAL CORP /VA/
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102037/000010203723000019/0000102037-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102037/000010203723000019/uvv-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102037-23-000019
- JSON: https://secwatch.observer/filing/0000102037-23-000019.json
- Plain text: https://secwatch.observer/filing/0000102037-23-000019.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/102037/000010203723000019/0000102037-23-000019-index.htm

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