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Dec 31, 2022
Universal Corp Q3 2023 Earnings Report
Reported strong results driven by tobacco shipments and positive contributions from Ingredients Operations
Key Takeaways
Universal Corporation reported strong results for the quarter ended December 31, 2022, driven by increased tobacco shipments and prices. Consolidated revenues increased by $142.4 million to $795.0 million, and net income increased to $41.7 million, or $1.67 per diluted share.
Strong tobacco shipments drove results in the quarter ended December 31, 2022.
Ingredients Operations segment continued to positively contribute to results.
There continues to be significant demand for leaf tobacco.
The company successfully refinanced and expanded its bank credit facility.
Revenue by Segment
Forward Guidance
No specific forward guidance provided in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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