UVV
Universal Corporation54.49
-0.21-0.38%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q2 '26
Key Stats
Market Cap
1.36BP/E (TTM)
12.27Basic EPS (TTM)
4.44Dividend Yield
0.06%Recent Filings
8-K
New $1.4B credit facility secured
Universal Corporation entered a new $1.4B unsecured credit agreement on December 9, 2025, featuring $780M five-year revolving, $275M five-year Term A-1, and $345M seven-year Term A-2 facilities, replacing the prior agreement terminated that day after repaying its debt. Proceeds fund general corporate needs, acquisitions, investments, and working capital. Leverage covenant caps at 3.00x, rising to 3.25x post-material acquisition.
8-K
Q2 revenue up 6%, new director
Universal Corporation reported Q2 fiscal 2026 results on November 5, with revenue up 6% to $754M yet operating income down 2% to $68M; first-half revenue rose 3% to $1.3B while operating income climbed 18% to $102M on tobacco volume gains and ingredients growth. Board expanded to 10 members, appointing independent director Gregory A. Trojan, ex-CEO of BJ's Restaurants with deep consumer expertise for audit, compensation, and finance committees. Adds seasoned oversight amid shifting tobacco supply.
10-Q
Q2 FY2026 results
Universal posted Q2 revenue up 6% y/y to $754.2M and operating income steady at $67.6M despite no restructuring costs this year versus $10.6M last; YTD revenue rose 3% y/y to $1.3B while operating income climbed 18% y/y to $101.5M on favorable tobacco product mix. Diluted EPS hit $1.36, up 32% y/y, reconciling to $34.2M net income over 25.2M shares. Tobacco drove gains with 5% higher Q2 sales, yet Ingredients slipped to a slight loss from fixed costs and inventory writedowns. Cash fell to $88.7M amid $172M operating outflow, but $340M revolver availability cushions seasonal needs; net debt eased to 42% of capitalization. Tobacco inventory controls lag.
10-Q
Q1 FY2026 results
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
Q1 revenue dips, income rises
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.
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