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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)