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Jun 30, 2021
Universal Corp Q1 2022 Earnings Report
Reported improved results for Tobacco Operations due to higher African carryover tobacco shipments and favorable product mix. Ingredients Operations delivered strong performance, driven by the Silva International, Inc. acquisition.
Key Takeaways
Universal Corporation's Q1 2022 results showed improvement in both Tobacco Operations and Ingredients Operations. Consolidated revenues increased by $34.2 million to $350.0 million. Net income was $6.4 million, or $0.26 per diluted share.
Tobacco Operations segment improved on higher African carryover tobacco shipments and a favorable tobacco product mix.
Ingredients Operations segment delivered very strong performance due to the Silva International, Inc. acquisition.
Investments in the tobacco business have enabled expansion of supply chain services and footprint rationalization efficiencies.
Plant-based ingredients platform is progressing towards the goal of representing 10% to 20% of fiscal year 2022 results.
Revenue by Segment
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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