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Pyxus International reported a strong fiscal quarter ending September 30, 2022, with sales increasing by 28.9% to $508.3 million. Operating margin rose $21.6 million to $27.1 million, while the net loss improved to $1.5 million. Adjusted EBITDA surged 63% to $42.2 million. Inventories increased to $890.1 million, mostly committed to meet demand. The company maintains its full-year guidance for sales between $1.75 billion and $1.95 billion and adjusted EBITDA of $130 million to $160 million.
Pyxus International (OTC Pink: PYYX) will hold a conference call to discuss its second quarter financial results for the fiscal year ending September 30, 2022, on November 10, 2022 at 5:30 P.M. ET. A press release detailing these results will be available before the call. Investors can join via phone at (646) 960-0369 or (888) 350-3452 with conference ID 2624736, and a live audio webcast will be accessible on the Pyxus website. A replay of the call will be available for five days following the event.
Pyxus International, Inc. (PYYX) announced a change in its Board of Directors, with Holly Kim resigning and Jamie J. Ashton appointed effective October 19, 2022. Ashton, a Senior Vice President at Glendon Capital Management, is a significant shareholder and will serve on the Audit and Compensation Committees. President Pieter Sikkel expressed gratitude for Kim's contributions to the company's strategy and steady performance. The transition aims to enhance board effectiveness while leveraging Ashton's familiarity with the company.
Pyxus International reported a 3.2% increase in sales, totaling $343.9 million for the quarter ended June 30, 2022. However, net loss rose by 27.8%, reaching $14.7 million, mainly due to a significant drop in income tax benefits. Adjusted EBITDA improved by 17.1% to $17.3 million. The firm’s liquidity strengthened with cash & equivalents up by $85.8 million to $165.4 million. Despite challenges posed by La Nina weather patterns impacting crop sizes, the company anticipates fiscal 2023 sales between $1.75 billion and $1.95 billion.
Pyxus International, Inc. (PYYX) will host a conference call on August 11, 2022, at 5:30 P.M. ET, to discuss its financial results for the first quarter ending June 30, 2022. The press release detailing these results will be issued before the call. Interested investors can join by dialing (646) 960-0369 or (888) 350-3452 using conference ID 2624736. A live audio webcast will also be available on the Pyxus website. A replay will be accessible for five days following the event.
Pyxus International reported a 23.1% increase in sales to $1.64 billion for the fiscal year ending March 31, 2022, driven by a 16.8% rise in volumes. Gross profit margin improved to 13.8% from 12.1%, aided by reduced selling, general and administrative expenses, which fell 28.2% to $142 million. Despite a net loss of $82.1 million, this reflects substantial improvement from the prior year. The company expects fiscal 2023 sales between $1.75 billion and $1.95 billion.
Pyxus International (PYYX) will hold a conference call on June 14, 2022, at 11 A.M. ET to review its financial results for the fourth quarter and fiscal year ended March 31, 2022. The press release detailing these results will be issued prior to the call. Investors can participate by dialing (929) 477-0324 or (800) 458-4121, using conference ID 6391352. Additionally, a live audio webcast will be available on the company's website. A telephonic replay will be accessible for five days for those unable to attend the live event.
Pyxus International, Inc. (PYYX) announced that Carl L. Hausmann will retire from its Board of Directors after the 2022 annual shareholders meeting. Appointed in October 2020, Hausmann also served on the Environmental, Social, Governance and Nominating Committee, and the Audit Committee. His contributions have been acknowledged by CEO Pieter Sikkel, who highlighted Hausmann's extensive industry experience and support for the company’s ESG framework. Pyxus plans to find an independent director to fill Hausmann's position after the meeting.
Pyxus International (PYYX) announced its fiscal Q2 results for the period ending December 31, 2021. Sales increased by $49.3 million (13.0%) to $428.9 million, driven by an 18.7% rise in leaf volume. Gross profit rose by $2.7 million (4.3%) to $65.2 million, although gross margin dropped to 15.2%. SG&A expenses fell by $11.7 million (25.5%) to $34.2 million. The company expects fiscal 2022 revenues between $1.55 billion and $1.7 billion amid ongoing shipping constraints. Cash reserves increased to $146.1 million.
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