Pyxus Q2 revenue up 22.8% to $624.3M, net income $8.1M, raises FY2024 guidance

PYXUS INTERNATIONAL, INC.

2024-Q2 EPS reported $0.36 revenue$1,101,345,000

Revenue $624.3M (+22.8% YoY) driven by 10.2% volume increase and 11.7% higher average prices.
Net income $8.1M vs. $(1.5)M loss in prior-year Q2; adjusted EBITDA $57.1M (+33.1%).
Gross margin improved to 14.2% from 13.2% YoY; SG&A ratio improved to 6.4% of revenue.
FY2024 guidance raised: sales $2.0-2.1B (prior $1.9-2.1B), adjusted EBITDA $170-180M (prior $155-180M).
Management cites undersupplied market, favorable regional/customer mix, and higher pricing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PYXUS INTERNATIONAL, INC. reported fiscal quarter ended September 30, 2023 results: revenue $624.3 million, net income $8.1 million. Guidance raised.

Period: fiscal quarter ended September 30, 2023
Revenue: $624.3 million
Net income: $8.1 million
Guidance: raised
Result: reported results

Exact text from the filing

alignment of inventory investments and the mix of customers and geographies on which we are focused." Second quarter sales and other operating revenues grew by 22.8% to $624.3 million , an increase of $116.0 million over the second quarter of fiscal 2023. Contributing to the Company’s performance was a volume increase of 10.2% and an increase in average market

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PYXUS INTERNATIONAL, INC. reported financial results for three and six months ended September 30, 2023.

Period: three and six months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 14, 2023 , Pyxus International, Inc. issued a press release announcing its operating and financial results for the three and six months ended September 30, 2023. The press release is furnished as Exhibit 99.1 hereto.

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Source: SEC EDGAR

accession 0000939930-23-000086

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