Universal Corporation

51.06-0.44 (-0.85%)

Oct 29, 4:00:02 PM EDT · NYSE · UVV · USD

Upcoming Earnings

Report date

≈ Nov 10, 2025 (in 11 days)

Key Stats

Market Cap

1.27B

P/E (TTM)

12.42

Basic EPS (TTM)

4.11

Dividend Yield

0.06%

Recent Filings

8-K

Q1 revenue dips, income rises

8/6/25Aug 6, 2025

Universal Corporation reported first-quarter fiscal 2026 results with revenue dipping to $594 million from $597 million year-over-year, yet operating income surged to $34 million, up $17 million, fueled by a favorable product mix in Tobacco Operations despite lower carryover crop sales. Ingredients Operations saw higher volumes but softer income from tariff uncertainty and expanded facility costs. Shareholders at the August 5, 2025 annual meeting elected directors Lennart R. Freeman, Fotini E. Manolios, and Preston D. Wigner, approved executive compensation, and ratified Ernst & Young as auditors. Thomas H. Johnson became Lead Independent Director effective that day. Tobacco crops are set to grow 25% for flue-cured and 45% for burley, likely leading to oversupply by year-end.

10-Q

Q1 FY2026 results

8/6/25Aug 6, 2025

Universal Corporation kicked off fiscal 2026 with steady revenues of $593.8 million for the quarter ended June 30, 2025, down 0.6% year-over-year yet buoyed by a 19.2% gross margin, up from 16.1% last year on favorable tobacco product mix in Asia. Operating income surged 96% to $33.8 million, while diluted EPS climbed to $0.34 from $0.01, reconciled against 25.1 million shares with no anti-dilution noted. Tobacco operations drove the gains, posting $35.7 million in segment income despite lower carryover sales, while ingredients revenues rose 5% to $89.1 million but income dipped to $1.7 million amid tariff uncertainty and higher fixed costs. Cash dipped to $178.4 million with net cash used in operations at $205.1 million and free cash flow of -$217.0 million (derived), offset by $1.2 billion total debt and $355 million revolver availability; minor $1.1 million restructuring hit European sheet operations. Uncommitted inventory stayed low at 11%. Regulatory pressures on tobacco production linger as a key risk.

8-K

CFO Kroner to retire 2026

7/11/25Jul 11, 2025

Universal Corporation announced that CFO Johan C. Kroner plans to retire effective July 1, 2026, after 32 years with the firm. The company has engaged a global search firm to find a successor, with Kroner staying on as CFO until appointed and then as senior vice president to aid the transition. In appreciation, the board awarded him 11,025 RSUs worth about $600,000, vesting on retirement. Smooth handover preserves expertise amid the search.

10-K

FY2025 results

5/30/25May 30, 2025

Universal Corporation posted solid FY2025 results, with revenues climbing 7% y/y to $2.9B and operating income edging up 5% to $233M, fueled by robust Tobacco Operations performance amid strong customer demand and better African burley crop yields, while Ingredients Operations surged 9% in sales to $339M on higher value-added product volumes post-Lancaster expansion. Q4 momentum shone through sequential revenue growth and margin gains in both segments, with Tobacco sales up 12% y/y on higher prices despite a slight volume dip, and Ingredients benefiting from tariff-driven front-loading. Liquidity strengthened with $260M in cash and net debt falling to 36% of capitalization, supporting $80M in dividends and $63M capex; no buybacks occurred despite $100M authorization. For FY2026, management eyes balanced tobacco supply and Ingredients growth via platform synergies. Yet, reliance on a few large customers poses risks to quarterly momentum if demand shifts.

8-K

Universal's FY25 revenue up 7%

5/29/25May 29, 2025

Universal Corporation reported fiscal year 2025 results with revenue climbing 7% to $2.9 billion and operating income edging up 5% to $232.8 million, fueled by higher tobacco prices and stronger demand despite weather-hit crops in Brazil and the US. Both Tobacco Operations, up 7% in revenue and 8% in income, and Ingredients Operations, up 9% and 212% respectively, showed gains from better volumes and value-added products. Yet net income fell 21% to $95.0 million, hit by $10.6 million in restructuring costs and a $14.1 million pension settlement. Crops rebound sharply next year.

About

Universal Corporation, a business-to-business agriproducts company, provides leaf tobacco and plant-based ingredients to food and beverage end markets worldwide. The company operates in two segments, Tobacco Operations and Ingredients Operations. The Tobacco Operations segment is involved in procuring, processing, packing, storing, and shipping of flue-cured, burley, dark air-cured, and oriental leaf tobacco for consumer product manufacturers, as well as provision of related services. This segment also offers specialty services, such as custom blending, chemical and physical testing of tobacco, service cutting, reconstituted leaf tobacco manufacturing, and just-in-time product delivery services; and liquid nicotine for tobacco products manufacturers, as well as recycled waste materials from tobacco production. The Ingredients Operations segment engages in the production of specialty plant-based ingredients, including fruits, vegetables, herbs, fruit and vegetable juices, concentrates, pomaces, ciders, purees, nutraceuticals, fruit fibers, seeds, seed powders, dehydrated products, botanical extracts, distillates, natural flavors, colors, and other value-added products for consumer-packaged goods manufacturers and retailers, as well as food, beverage, and flavor companies. The company was founded in 1886 and is headquartered in Richmond, Virginia.

CEO

Mr. Preston Douglas Wigner

IPO

2/21/1973

Website

https://www.universalcorp.com

Employees

11,400

Sector

Consumer Defensive

Industry

Tobacco