earnings
confidence high
sentiment positive
materiality 0.65
Pyxus Q2 sales up 29% to $508.3M; net loss narrows to $1.5M; maintains FY guidance
PYXUS INTERNATIONAL, INC.
2023-Q2 EPS reported
-$0.65
revenue$852,183,000
- Sales rose 28.9% to $508.3M, driven by 17.5% higher leaf volume and 13.3% higher avg price per kilo.
- Operating income improved to $27.1M from $5.5M; adjusted EBITDA $42.2M, up 63% YoY.
- Net loss attributable to Pyxus improved by $8.2M to $1.5M for Q2 fiscal 2023.
- FY2023 guidance maintained: sales $1.75B-$1.95B, adjusted EBITDA $130M-$160M.
- Inventories of $890.1M, 90%+ processed tobacco committed; La Nina and inflation impacts cited.