Pyxus Internatio Stock Price, News & Analysis

Pyxus International (OTC Pink: PYYX) has announced the appointment of David Singer as senior vice president, chief legal officer and secretary. Singer, who previously worked for Pyxus from 2018 to 2022, brings nearly 20 years of experience to the role. He will report directly to CEO Pieter Sikkel and join the executive management team.

Singer's appointment comes as Will O'Quinn, who has held the position since 2011, transitions to a new role as SVP, Special Projects. The company emphasized Singer's legal expertise, strategic insight, and familiarity with Pyxus' operations as key factors in his selection, particularly given the company's global footprint and regulatory complexities.

Pyxus International (OTC Pink: PYYX) reported strong Q1 fiscal 2025 results, with sales growing 33.1% to $634.9 million. The company achieved operating income of $40.5 million and net income of $4.6 million. Adjusted EBITDA increased 26% to $55.0 million.

Key highlights include:

• 16.9% increase in average market sales price per kilogram
• 11.9% increase in total shipment volume
• Completion of $122.5 million long-term debt repurchase for $95.4 million
• Reiteration of full-year guidance: sales of $2.1-$2.3 billion and adjusted EBITDA of $165-$185 million

The company noted potential margin pressure in coming quarters due to El Niño impacts and shipping container shortages.

Pyxus International, Inc. (OTC Pink: PYYX), a global agricultural company, has announced its upcoming first quarter fiscal year 2025 financial results earnings call. The call is scheduled for August 7, 2024, at 9 a.m. EST. Investors and analysts can participate by dialing (646) 828-8193 or (888) 254-3590 with conference ID 3196395. A live webcast will also be available.

Prior to the call, Pyxus will release a press release detailing its financial results for the quarter ended June 30, 2024. This information, along with a presentation, will be accessible on the company's investor relations webpage. An archived recording of the call will be made available shortly after the event.

On June 13, 2024, Pyxus International announced that its greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). The approval includes Pyxus' scope 1, 2, and 3 near-term targets. By 2030, Pyxus aims to cut its direct and indirect emissions by 42% and its value chain-related emissions by 25%, compared to 2020 levels. The company has already achieved a 9% reduction in absolute emissions since its base year, largely through alternative fuel sources. This milestone aligns Pyxus with the Paris Agreement's objective to limit global warming to 1.5°C.

Pyxus International reported strong fiscal year 2024 results, with a 6.1% increase in revenue to $2.0 billion and a gross margin improvement to 15.4%. Operating income rose 46.3% to $137.2 million, leading to a net income of $2.7 million, a significant turnaround from last year's $39.1 million loss. Adjusted EBITDA increased 22.1% to $193.9 million, near the top of guidance. The company also reduced long-term debt by $88.2 million, expecting to complete a $122.5 million debt repurchase by September 2024. For fiscal 2025, Pyxus projects revenues between $2.1 billion and $2.3 billion, and adjusted EBITDA between $165 million and $185 million.

Pyxus International, a global agricultural company, has announced the release of its fourth quarter and fiscal year 2024 financial results. The report will be made public on June 6, 2024, with an earnings call scheduled for 9 a.m. ET the same day. Investors and analysts can join via a dedicated phone line or webcast. The financial results and a presentation will be available on the company's investor relations webpage. Pyxus emphasizes its commitment to responsible sourcing and sustainability in its operations.