secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000102037-23-000057
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Corp Q2 operating income up 30% to $66.3M; EPS down 10% to $1.04
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- Six-month sales $1,156.2M (+7% YoY); gross margin improved to 18.9% from 17.6%.
- Tobacco ops op income $61.3M (+46% YoY) on strong demand; uncommitted inventory low at 12%.
- Ingredients ops op income $2.8M (-69% YoY); demand stabilizing but still soft.
- Diluted EPS as reported $1.04 (-10%); adjusted diluted EPS $1.13 (flat). Interest expense up $13M.
- Net debt down ~$70M vs prior year; dividend declared $0.80/share payable Feb 5, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000010203723000057/0000102037-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000010203723000057/xbrl-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000102037-23-000057

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