earnings
confidence high
sentiment positive
materiality 0.65
Universal Corp Q1 revenue up 15% to $597M; diluted EPS $0.01 vs -$0.08; declares $0.81 dividend
UNIVERSAL CORP /VA/
2024-Q1 EPS reported
$0.01
revenue$596,403,000
- Q1 FY2025 revenue $597.1M (+15% YoY); operating income $17.2M (+56% YoY); diluted EPS $0.01 vs $(0.08) loss.
- Tobacco Operations revenue $512.0M (+15%), operating income $14.5M (+63% YoY) on higher volumes and prices.
- Ingredients Operations revenue $85.1M (+15%), operating income $2.9M vs $(2.0M) loss on increased new product sales.
- Board declared $0.81/share quarterly dividend, payable Nov 4, 2024 to holders of record Oct 14, 2024.
- Initiating European sheet ops consolidation; expects $10M-$15M restructuring charges in FY2025-2026.