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Stock impact report

Universal Corporation Reports First Quarter Results [Yahoo! Finance]

Universal Corporation (UVV) 
US:NYSE Investor Relations: investor.universalcorp.com
Company Research Source: Yahoo! Finance
Corporation (NYSE:UVV), stated, "Universal Corporation is off to a strong start for our fiscal year 2025. For the quarter ended June 30, 2024 , revenue was $597.1 million , up by approximately 15% for both our Tobacco and Ingredients Operations segments, while operating income was $17.2 million , up $6.2 million , or 56%, compared to the same quarter last fiscal year. "Our revenue increase in the Tobacco Operations segment was driven by higher sales volumes and prices. Coming out of an exceptional fiscal year 2024, we benefited from continued strong demand from our tobacco customers. We believe this demand will continue to support solid results for the segment for fiscal year 2025. Our strategic decisions to accelerate tobacco crop purchasing allowed us to secure our contracted tobacco in certain dynamic markets, which has positioned us well to meet customer demand. As in previous fiscal years, we expect that tobacco shipment timing and related revenue recognition will be more heavi Show less Read more
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