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Pyxus International (PYYX) maintains this centralized news hub for stakeholders tracking developments in agricultural commodities and value-added products. Access verified updates spanning financial disclosures, operational milestones, and sustainability initiatives from this established global supplier.
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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.
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