Pyxus Q1 revenue up 39% to $477M, net income $0.8M; maintains FY24 guidance

PYXUS INTERNATIONAL, INC.

2024-Q1 EPS reported $0.03 revenue$477,092,000

Sales $477.1M (+38.7% YoY); operating income $36.4M vs $7.0M.
Net income $0.8M improved $15.5M; adjusted EBITDA $43.5M vs $16.0M.
Leaf volume +18.6%, avg price per kilo +17.6%; gross margin up to 15.3% from 11.9%.
FY24 guidance reaffirmed: sales $1.9B-$2.1B, adjusted EBITDA $155M-$180M.
CEO cites higher tobacco prices, accelerated shipments, favorable customer mix.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PYXUS INTERNATIONAL, INC. reported fiscal quarter ended June 30, 2023 results: revenue $477.1 million, net income $0.8 million. Guidance reaffirmed.

Period: fiscal quarter ended June 30, 2023
Revenue: $477.1 million
Net income: $0.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

announced results for its fiscal quarter ended June 30, 2023. Highlights (comparisons are to the prior-year first fiscal quarter): • Sales and other operating revenues were $477.1 million, up $133.2 million, or 38.7%. • Operating income increased $29.4 million to $36.4 million. • Net income was $0.8 million, improving $15.5 million. • Adjusted EBITDA* increased

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Source: SEC EDGAR

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