earnings
confidence high
sentiment positive
materiality 0.80
Pyxus reports Q3 net income $3.8M vs loss $2.3M YoY; raises FY adjusted EBITDA guidance to $185-195M
PYXUS INTERNATIONAL, INC.
2024-Q3 EPS reported
$0.51
revenue$1,631,161,000
- Q3 net income of $3.8M versus net loss of $2.3M in prior-year quarter; operating income up 14.9% to $47.8M.
- Adjusted EBITDA for Q3 rose 5.3% to $64.5M; nine-month adjusted EBITDA of $165.1M vs $120.2M.
- Third quarter gross margin improved to 17.5% from 13.4%; gross profit per kg up 29.7% to $0.83.
- Nine-month sales $1.6B (+8.2% YoY) driven by 10% higher average pricing; net income of $12.7M vs loss of $18.5M.
- Full-year fiscal 2024 guidance raised: sales $2.0-2.1B, adjusted EBITDA $185-195M.