---
schema_version: "secwatch.filing_event.v1"
accession: "0000939930-23-000033"
form_type: "8-K"
ticker: "PYYX"
cik: "0000939930"
company_name: "PYXUS INTERNATIONAL, INC."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T15:12:59.299714+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pyxus Q3 sales up 53% to $655.6M; revises FY23 guidance higher

## Summary
- Net loss improved to $2.3M from $30.1M YoY; operating income up 38% to $41.6M.
- Adjusted EBITDA rose 42% to $61.3M; cash from operations surged $129.8M to $176.1M.
- Revised FY23 sales guidance to $1.85B-$2.00B; adjusted EBITDA to $140M-$155M.
- Completed exchange of long-term debt for new notes maturing in 2027, improving flexibility.
- Leaf volume up 22% and average price per kilo up 30% drove the revenue increase.

## SEC filing metadata
- accession: 0000939930-23-000033
- form_type: 8-K
- ticker: PYYX
- cik: 0000939930
- company_name: PYXUS INTERNATIONAL, INC.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/939930/000093993023000033/0000939930-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/939930/000093993023000033/pyx-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939930-23-000033
- JSON: https://secwatch.observer/filing/0000939930-23-000033.json
- Plain text: https://secwatch.observer/filing/0000939930-23-000033.txt

## Key facts
- Earnings Releases
  PYXUS INTERNATIONAL, INC. reported fiscal 2023 results: revenue between $1.85 billion and $2.00 billion.
  - Period: fiscal 2023
  - Revenue: between $1.85 billion and $2.00 billion
  - Result: guidance update
  source text: Based on our expectations for continued improvement year-over-year, we have revised our expected fiscal 2023 sales to be between $1.85 billion and $2.00 billion and our adjusted EBITDA* expectations to be between $140 million and $155 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/939930/000093993023000033/0000939930-23-000033-index.htm
- Earnings Releases
  PYXUS INTERNATIONAL, INC. reported the three months ended December 31, 2022 results: revenue $655.6 million, net income $2.3 million.
  - Period: the three months ended December 31, 2022
  - Revenue: $655.6 million
  - Net income: $2.3 million
  - Result: reported results
  source text: Sales and other operating revenues were $428.9 million for the three months ended December 31, 2021 and $655.6 million for the three months ended December 31, 2022, an increase of $226.7 million , or 52.9%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/939930/000093993023000033/0000939930-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.