Universal Corp Q3 net income down 44% YoY; appoints Steven Diel as CFO effective Apr 1, 2026

UNIVERSAL CORP /VA/

2026-Q3 EPS reported $3.02 revenue$2,195,224,000

Q3 sales $861.3M (-8% YoY), net income $33.2M (-44%), diluted EPS $1.32 vs $2.37.
Tobacco ops op income $84.0M (-18%); Ingredients ops operating loss $0.1M vs profit $3.7M.
Steven Diel promoted to CFO effective Apr 1, 2026; current CFO Johan Kroner to retire Jul 1, 2026 as advisor.
Diel, VP & CFO of Ingredients since Jan 2026, led $350M+ acquisitions building ingredients segment.
Credit facility refinanced and upsized in Dec 2025 to enhance liquidity.

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