secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0000102037-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Corp reports FY2024 revenue up 7% to $2.75B, adjusted EPS up 35%; declares 54th annual dividend increase
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- FY2024 revenue $2,748.6M (+7% YoY); gross margin improved 167 bps to 19.50%.
- Reported diluted EPS $4.78 (-4% YoY); adjusted diluted EPS $5.08 (+35% YoY).
- Tobacco operations operating income $222.4M (+29%); Ingredients operating income $3.9M (-63%).
- Quarterly dividend raised to $0.81/share ($3.24 annualized), payable Aug 5, 2024; yield ~6.08%.
- Lancaster expansion on track for full ops in H2 FY2025; accelerated buying in Brazil due to tight supply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000010203724000011/0000102037-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000010203724000011/uvv-20240522.htm
  HTML page:      https://secwatch.observer/filing/0000102037-24-000011

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