earnings
confidence high
sentiment neutral
materiality 0.75
Pyxus Q2 revenue up 30% to $394M but swings to net loss; shipping delays weigh
PYXUS INTERNATIONAL, INC.
2022-Q2 EPS reported
-$0.85
revenue$727,491,000
- Revenue increased 30.3% to $394.2M; gross margin improved to 13.2% from 11.8%.
- Net loss of $9.7M vs $105.9M net income a year ago (prior period included $132.9M reorganization items).
- Adjusted EBITDA rose 32.8% to $25.9M from $19.5M.
- COVID-related shipping constraints delayed an estimated $90M-$120M of revenue from H1 into future quarters.
- FY2022 guidance reaffirmed: sales $1.65B-$1.8B, adjusted EBITDA $150M-$170M.