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Universal (UVV) - 2023 Q2 - Quarterly Report
2022-11-03 20:19
FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2022 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________TO_______________ Commission File Number: 001-00652 UNIVERSAL CORPORATION (Exact name of registrant as specified in its charter) Virginia 54-0414210 ...
Universal (UVV) - 2023 Q1 - Earnings Call Transcript
2022-08-04 02:10
Universal Corporation (NYSE:UVV) Q1 2023 Results Conference Call August 3, 2022 5:00 PM ET Company Participants Candace Formacek - VP, Treasurer George Freeman - Chairman, President & CEO Johan Kroner - CFO Conference Call Participants Ann Gurkin - Davenport & Company Operator Ladies and gentlemen, hello and welcome to the Universal Corporation First Quarter Fiscal Year 2023 Earnings Call. My name is Maxine and I'll be coordinating the call today. [Operator Instructions] I will now hand you to your host Ca ...
Universal (UVV) - 2023 Q1 - Quarterly Report
2022-08-03 20:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________TO_______________ Commission File Number: 001-00652 UNIVERSAL CORPORATION (Exact name of registrant as specified in its charter) Virginia 54-0414210 (State or ...
Universal (UVV) - 2022 Q4 - Annual Report
2022-05-27 15:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED MARCH 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________TO_______________ Commission File Number: 001-00652 UNIVERSAL CORPORATION (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of ...
Universal (UVV) - 2022 Q4 - Earnings Call Transcript
2022-05-26 01:44
Universal Corporation (NYSE:UVV) Q4 2022 Earnings Conference Call May 25, 2022 5:00 PM ET Company Participants Candace Formacek - Vice President and Treasurer Johan Kroner - Chief Financial Officer George Freeman - Chairman, President and Chief Executive Officer Conference Call Participants Ann Gurkin - Davenport Steve Marascia - Capitol Securities Operator Good afternoon. Thank you for attending today’s Universal Corporation Fourth Quarter Fiscal Year 2022 Earnings Call. My name is Foram, and I will be you ...
Universal (UVV) - 2022 Q3 - Earnings Call Transcript
2022-02-03 02:14
Universal Corporation (NYSE:UVV) Q3 2022 Earnings Conference Call February 2, 2022 5:00 PM ET Company Participants Candace Formacek - Vice President and Treasurer George Freeman - Chairman, President and CEO Airton Hentschke - Chief Operating Officer Johan Kroner - Chief Financial Officer Conference Call Participants Ann Gurkin - Davenport Chris Reynolds - Neuberger Berman Operator Good evening. Thank you for attending today’s Universal Corporation Third Quarter Fiscal Year 2022 Earnings Conference Call. My ...
Universal (UVV) - 2022 Q3 - Quarterly Report
2022-02-02 21:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________TO_______________ Commission File Number: 001-00652 UNIVERSAL CORPORATION (Exact name of registrant as specified in its charter) Virginia 54-0414210 (Stat ...
Universal (UVV) - 2022 Q2 - Earnings Call Transcript
2021-11-04 01:27
Financial Data and Key Metrics Changes - Net income for the six months ended September 30, 2021, was $25.9 million or $1.04 per diluted share, compared to $14.8 million or $0.60 per diluted share for the same period in 2020 [14] - Adjusted operating income increased to $41.6 million for the first half of fiscal year 2022, up from $22.4 million in the same period of fiscal year 2021 [16] - Consolidated revenues increased by $111.1 million to $804 million for the six months ended September 30, 2021, compared to the same period in the prior fiscal year [19] Business Line Data and Key Metrics Changes - Tobacco Operations operating income increased by $12.3 million to $35.8 million for the six months ended September 30, 2021, compared to the same period in fiscal year 2021 [20] - Ingredients Operations segment saw operating income of $7.1 million for the six months ended September 30, 2021, compared to an operating loss of $2.2 million for the same period in 2020 [25] - Selling, general and administrative expenses for Tobacco Operations increased due to unfavorable foreign currency comparisons [24] Market Data and Key Metrics Changes - Africa sales volumes were higher in the six months ended September 30, 2021, compared to the same periods last year, while Brazil experienced lower sales volumes due to reduced vessel availability [22] - Operations in Asia saw a more favorable product mix and increased value-added services during the quarter ended September 30, 2021 [23] Company Strategy and Development Direction - The company is committed to maintaining high standards of social and environmental performance and has set goals around agricultural labor practices and environmental impacts [29] - The acquisition of Shank's Extracts, Inc. is expected to enhance the company's plant-based ingredients platform and add value-added services [30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged logistical challenges due to the ongoing COVID-19 pandemic but expressed confidence in their ability to adapt and manage these issues [12][13] - Rising inflation rates and increased freight costs are anticipated to impact the Ingredients Operations later in the fiscal year [28] - The company sees opportunities to expand services and deliver raw materials to customers, particularly in the African market [50] Other Important Information - The uncommitted inventory level of tobacco was reported at 11% as of September 30, 2021, down from 16% the previous year [11] - The company is monitoring global supply chain constraints but is uncertain about potential shipment timing delays [27] Q&A Session Summary Question: How is the first half tracking versus internal expectations for Universal? - Management indicated that the first half is tracking well despite logistical headwinds, with uncommitted inventory at a favorable level [37] Question: How should the margins in the back half be expected for Ingredients? - Management acknowledged margin pressure due to higher costs but expressed confidence in passing some costs to customers [39] Question: What is the capacity utilization of the asset being acquired? - Management confirmed that they are satisfied with the capacity of the acquired asset and see growth potential [41] Question: How is the Oriental joint venture looking? - Management reported a balanced market situation regarding supply and demand in the Oriental market, with opportunities to increase market share [52] Question: Is there interest in expanding the reconstituted tobacco leaf business? - Management confirmed interest in expanding this segment and is looking into investments [53]
Universal (UVV) - 2022 Q2 - Quarterly Report
2021-11-03 20:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________TO_______________ Commission File Number: 001-00652 UNIVERSAL CORPORATION (Exact name of registrant as specified in its charter) Virginia 54-0414210 (Sta ...
Universal (UVV) - 2022 Q1 - Earnings Call Transcript
2021-08-05 00:45
Universal Corporation (NYSE:UVV) Q1 2022 Earnings Conference Call August 4, 2021 5:00 PM ET Company Participants Candace Formacek - Vice President and Treasurer George Freeman - Chairman, President and CEO Airton Hentschke - SVP and COO Johan Kroner - SVP and CFO Conference Call Participants Ann Gurkin - Davenport & Co Operator Good day and thank you for standing by. Welcome to Universal Corporation Fiscal Year 2022 Earnings Call. At this time, all participant's lines are in a listen-only mode. After the sp ...