Pyxus reports fiscal 2022 revenue up 23% to $1.64B, adjusted EBITDA rises 36% to $126.7M

PYXUS INTERNATIONAL, INC.

Sales and other operating revenues of $1,639.9M, up 23.1% YoY; gross margin improved to 13.8%.
Net loss attributable to Pyxus of $82.1M, improved $35.6M from prior year, but includes $32.2M goodwill impairment.
Adjusted EBITDA increased 35.5% to $126.7M; cash and cash equivalents $198.8M, up $106.1M.
Fiscal 2023 guidance: sales $1.75–$1.95B, adjusted EBITDA $130–$160M; expects increased demand and inflation impacts.
New $100M ABL credit facility with PNC Bank in Feb 2022; extended DDTL in June 2022.

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