Welcome to our dedicated page for Pyxus Internatio news (Ticker: PYYX), a resource for investors and traders seeking the latest updates and insights on Pyxus Internatio stock.
Pyxus International, Inc. (PYYX) generates a steady flow of news through its earnings releases, financing updates and leadership announcements. The company describes itself as a global value-added agricultural company with more than 150 years of experience, and its news coverage reflects the dynamics of an inventory-intensive, globally oriented agricultural business.
Investors following PYYX news will find detailed quarterly and annual financial results, including discussions of sales and other operating revenues, gross profit, gross margin, operating income, net income or loss and non-GAAP measures such as Adjusted EBITDA and Adjusted Free Cash Flow. Management commentary often focuses on crop purchasing and processing in regions such as Africa and South America, inventory levels, operating cycle time and the balance between supply conditions and customer demand.
Pyxus’ news flow also includes updates on its capital structure and credit facilities, such as amendments to its asset-based lending agreement with PNC Bank that affect borrowing capacity, interest margins and fees. These items help explain how the company funds its seasonal working capital needs and supports its global operations.
Corporate governance and leadership developments, including changes in the chief financial officer role and related responsibilities for financial strategy, are another recurring theme in Pyxus news releases. These updates provide context on how the company organizes its finance and strategy functions.
By monitoring the PYYX news page, readers can track how Pyxus responds to changing crop conditions, market demand, financing arrangements and operational challenges across its global footprint, as reflected in its own public disclosures and SEC-related announcements.
Pyxus International, Inc. (OTC Pink: PYYX) has secured a $100 million asset-based lending (ABL) credit facility with PNC Bank as of February 8, 2022. This replaces the previous $75 million ABL facility, set to mature in February 2023. The new agreement enhances borrowing capacity and includes a $20 million uncommitted accordion feature, allowing potential increases to $120 million. Additionally, the facility offers reduced interest rates, improving the company's financial liquidity and supporting future growth, according to CFO Flavia Landsberg.
Pyxus International, Inc. (OTC Pink: PYYX) has successfully completed the sale of assets from FIGR Norfolk, Inc. as of January 28, 2022, marking its exit from cash-flow-negative cannabinoid operations. This strategic move concludes its involvement in the Canadian cannabis market, including industrial hemp and CBD products. CEO Pieter Sikkel emphasized the company's renewed focus on tobacco and e-liquids, aiming to streamline operations and enhance stakeholder value through strengths in agronomy and sustainability.
Pyxus International, Inc. (PYYX) has appointed Tomas Grigera as its new vice president and corporate treasurer. Grigera brings over 20 years of financial experience, including 14 years at The Goodyear Tire & Rubber Company, where he managed global treasury operations, forex strategies, and complex debt restructurings. CFO Flavia Landsberg expressed confidence in Grigera's ability to enhance Pyxus's financial strategies and stakeholder relationships. Pyxus, a global agricultural leader with over 145 years of experience, focuses on delivering responsibly sourced products.
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Pyxus International (PYYX) will host a conference call on February 10, 2022, at 5:30 PM ET to discuss its third quarter financial results for the period ended December 31, 2021. A press release detailing these results will be issued prior to the call. Interested participants can join by calling (929) 477-0324 or (800) 458-4121 with conference ID 9127889. A live audio webcast will be available on the company's website, ensuring accessibility for all stakeholders.
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Pyxus International, Inc. (OTC Pink: PYYX) has appointed Flavia Landsberg as its new Executive Vice President and Chief Financial Officer. With over 20 years of experience in financial leadership roles, including positions at High Ridge Brands and Bunge Limited, Landsberg is expected to drive the company's financial strategy forward. She succeeds Joel L. Thomas, who will transition to an advisory role until June 30, 2022. President and CEO Pieter Sikkel expressed confidence in Landsberg's ability to contribute significantly to the company's growth.
Pyxus International reported a 30.3% increase in sales, reaching $394.2 million for the quarter ending September 30, 2021, driven by higher leaf volumes and prices. However, net income fell to a loss of $9.7 million, down 109.2% year-over-year. Gross profit margin improved to 13.2% despite rising shipping costs and COVID-related challenges impacting operations. The company anticipates fiscal 2022 sales between $1.65 billion and $1.8 billion and adjusted EBITDA of $150 million to $170 million amid ongoing market uncertainties.
Pyxus International, Inc. (PYYX) announced a conference call on November 10, 2021, at 5:30 PM ET to review its financial results for the second quarter ended September 30, 2021. A press release detailing these results will be issued prior to the call. Investors can join the call by dialing (929) 477-0324 or (800) 458-4121, using conference ID 8802116. A live audio webcast will also be available on the company’s website. Telephonic replay will be accessible for five days after the event.
BevCanna Enterprises Inc. has partnered with Velvet Management Inc., a leading cannabis sales agency, to enhance its market penetration in Canada. Velvet will act as BevCanna’s retail sales force, promoting their brands including the top-selling Keef Brands. The collaboration aims to boost brand awareness and drive sales through effective marketing and retailer engagement. The company will also invest in product sampling and budtender training. The agreement is expected to accelerate sales and expand BevCanna's reach across key provinces, particularly Ontario.