earnings
confidence high
sentiment positive
materiality 0.70
Pyxus International FY2023 sales up 16.8% to $1.9B; net loss improves $43M; guides FY2024 EBITDA $155-180M
PYXUS INTERNATIONAL, INC.
- Sales and other revenues $1,914.9M (+16.8% YoY); net loss $39.1M, improving $43.0M from prior year.
- Adjusted EBITDA $158.8M (+25.3% YoY); operating income $93.8M (+124.9% YoY).
- Completed exchange of $580.0M secured debt in Feb 2023, extending maturities to 2027.
- FY2024 guidance: sales $1.9B-$2.1B; adjusted EBITDA $155M-$180M.
- Average gross profit per kilo +13.0%; net debt reduced to $864.3M (-$3.9M).