secwatch.observer — SEC 8-K summary
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Issuer:     PYXUS INTERNATIONAL, INC. (PYYX)
CIK:        0000939930
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0000939930-22-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pyxus Q3 revenue up 13% to $428.9M; exits cannabis ops; new $100M ABL
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- Sales $428.9M (+13.0% YoY); gross profit $65.2M (+4.3%); SG&A down 25.5% to $34.2M.
- Cash $146.1M, up $22.9M; $15.4M prepayment on Delayed Draw Term Loan in Dec 2021.
- Completed sale of FIGR Norfolk assets in Jan 2022, exiting cash-flow-negative cannabinoid ops.
- New $100M ABL credit facility with PNC Bank replaces $75M facility; lower rate, extended maturity.
- FY2022 guidance: revenue $1.55B-$1.7B; adjusted EBITDA $125M-$145M; expects COVID shipping delays.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/939930/000093993022000014/0000939930-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/939930/000093993022000014/pyx-20220210.htm
  HTML page:      https://secwatch.observer/filing/0000939930-22-000014

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