Pyxus International Q3 revenue falls on shipment timing issues, lower prices

Reuters
Feb 11
Pyxus International Q3 revenue falls on shipment timing issues, lower prices

Overview

  • Global agricultural firm's Q3 revenue fell 15.7% yr/yr due to shipment timing issues

  • Adjusted EBITDA for Q3 remained flat compared to last year's record performance

  • Company reaffirms full-year fiscal 2026 guidance for net sales and adjusted EBITDA

Outlook

  • Pyxus reaffirms fiscal 2026 guidance with net sales of $2.4 bln to $2.6 bln

  • Company expects adjusted EBITDA of $215 mln to $235 mln for fiscal 2026

  • Pyxus anticipates oversupply in tobacco market at start of fiscal 2027

Result Drivers

  • SHIPMENT TIMING - Q3 sales revenue decreased due to timing issues with customer shipments in Africa and Europe, and lower average prices in South America

  • THIRD-PARTY PROCESSING - Increased third-party processing volumes supported gross margin expansion

  • FACTORY AUTOMATION - Strategic initiatives like factory automation are expected to drive long-term efficiencies and reduce costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$655.80 mln

Q3 EPS

$0.65

Q3 Net Income

$17.16 mln

Q3 Adjusted EBITDA

$80 mln

Q3 Gross Profit

$99.89 mln

Q3 Operating Income

$51.29 mln

Press Release: ID:nPn8sdbjCa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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