earnings
confidence high
sentiment positive
materiality 0.70
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.