---
schema_version: "secwatch.filing_event.v1"
accession: "0000939930-25-000068"
form_type: "8-K"
ticker: "PYYX"
cik: "0000939930"
company_name: "PYXUS INTERNATIONAL, INC."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T22:08:49.094241+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pyxus Q2 FY2026: sales $570.2M, operating income $46.7M; raises sales guidance, tightens EBITDA range

## Summary
- Q2 sales $570.2M (+0.7% YoY); operating income $46.7M (vs $33.0M); net loss $0.9M (vs $3.2M loss).
- Adjusted EBITDA $54.8M, up from $44.3M YoY; gross margin 15.4% vs 13.3%.
- FY2026 sales guidance raised to $2.4B-$2.6B (from $2.3B-$2.5B); adj. EBITDA tightened to $215M-$235M.
- Inventory $1,102.8M, up $160.6M YoY; net debt +$153.2M; no borrowings on $150M ABL.
- Operating cycle reduced to 167 days from 179 days; uncommitted inventory 2.7% of processed.

## SEC filing metadata
- accession: 0000939930-25-000068
- form_type: 8-K
- ticker: PYYX
- cik: 0000939930
- company_name: PYXUS INTERNATIONAL, INC.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/939930/000093993025000068/0000939930-25-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/939930/000093993025000068/pyx-20251112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939930-25-000068
- JSON: https://secwatch.observer/filing/0000939930-25-000068.json
- Plain text: https://secwatch.observer/filing/0000939930-25-000068.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.