Pyxus Q1 sales +26.8% to $333.3M; net loss improves 87.5% to $11.5M; adj. EBITDA $14.8M (+92.2%)

PYXUS INTERNATIONAL, INC.

2022-Q1 EPS reported -$0.46 revenue$333,290,000

Sales $333.3M vs $262.8M YoY; leaf volume +8.6%, avg price +17.4%.
Gross margin expanded to 12.6% from 7.5% on lower conversion costs and product mix.
SG&A fell 44.4% to $33.8M from $60.8M, reflecting restructuring savings and deconsolidation.
FY2022 guidance reaffirmed: sales $1.65B-$1.8B, adj. EBITDA $150M-$170M.
BAT Indonesian subsidiary adopted new leaf supply arrangement, expanding contract volumes.

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