earnings
confidence high
sentiment positive
materiality 0.75
Pyxus reports FY2024 net income $2.7M, revenue $2.0B, debt repurchase on track
PYXUS INTERNATIONAL, INC.
- Net income of $2.7M vs prior year loss of $39.1M; operating income $137.2M (+46.3% YoY).
- Adjusted EBITDA $193.9M (22.1% increase), near top of guidance; gross margin improved to 15.4% from 13.6%.
- Completed $88.2M of $122.5M debt repurchase; expects to complete by September at avg 22.1% discount.
- FY2025 guidance: sales $2.1-2.3B, adjusted EBITDA $165-185M, citing El Niño pressure on margins.
- Leverage ratio 4.8, interest coverage 1.5; intends to negotiate lower borrowing costs.