Loading...
•
Dec 31, 2023
Universal Corp Q3 2024 Earnings Report
Delivered strong financial and operational performance.
Key Takeaways
Universal Corporation reported strong financial results for Q3 2024, with operating income and net income up 13% and 28%, respectively, compared to Q3 2023. The tobacco business performed well due to a favorable product mix and strong customer demand. The company is also making progress in expanding its ingredients business.
Operating income and net income for the quarter were up 13% and 28%, respectively, relative to the third quarter of fiscal year 2023.
Tobacco business continued to perform very well, driven by a favorable product mix and strong demand from customers.
Global leaf supply for all types of leaf tobacco continues to be tight, and as of December 31, 2023, uncommitted tobacco inventory was at a low level of 8%.
Investments made to build out the research and development and corporate sales teams are starting to gain momentum and have positioned the company for future growth.
Universal Corp
Universal Corp
Universal Corp Revenue by Segment
Revenue by Segment
Tobacco Operations Revenue
CapyFin.comIngredients Operations Revenue
CapyFin.com Forward Guidance
Global leaf tobacco supply is expected to remain tight in fiscal year 2025, partly due to El Nino weather conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income