secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000102037-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Corp Q1 revenue up 15% to $597M; diluted EPS $0.01 vs -$0.08; declares $0.81 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000010203724000030/0000102037-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000010203724000030/xbrl-20240806.htm
  HTML page:      https://secwatch.observer/filing/0000102037-24-000030

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