Universal Corp Q3 FY2024 operating income +13% YoY; EPS $3.17; declares $0.80 dividend

UNIVERSAL CORP /VA/

2024-Q3 EPS reported $3.17 revenue$1,965,310,000

Nine-month revenue $1,977.7M (+5% YoY); operating income $153.8M (+20%); diluted EPS $3.17 vs $2.82.
Tobacco operations revenue $1,742.5M (+6%); operating income $148.9M (+25%); uncommitted inventory at low 8%.
Ingredients operations revenue $235.2M (+1%); operating income $5.0M (-50% YoY); ongoing expansion on track.
Quarterly dividend of $0.80 per share declared, payable May 6, 2024 to holders of record April 8, 2024.
Management cites tight global leaf supply; expects FY2025 headwinds from El Nino but confident in global footprint.

item 2.02 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 financial results for the quarter ended December 31, 2023.

Period: the quarter ended December 31, 2023
Result: reported results

Exact text from the filing

Universal Corporation (the “Company”) issued a press release on February 7, 2024, discussing its results for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0000102037-24-000005

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