secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0000102037-23-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000010203723000019/0000102037-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000010203723000019/uvv-20230524.htm
  HTML page:      https://secwatch.observer/filing/0000102037-23-000019

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