earnings
confidence high
sentiment neutral
materiality 0.65
Pyxus Q1 FY2023 revenue up 3.2% to $343.9M; net loss widens to $14.7M; reaffirms FY guidance
PYXUS INTERNATIONAL, INC.
2023-Q1 EPS reported
-$0.59
revenue$343,905,000
- Sales $343.9M (+3.2% YoY); net loss $14.7M (up $3.2M) on lower tax benefit.
- Adjusted EBITDA $17.3M (+$2.5M, +17.1%); gross margin 11.9% vs 12.6%.
- FY2023 outlook: revenue $1.75B-$1.95B, adjusted EBITDA $130M-$160M.
- Inventory $980.1M ($126M increase); >90% of processed tobacco committed to customers.
- Cash $165.4M ($85.8M increase); foreign seasonal lines $545.2M supporting working capital.