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Pyxus International, Inc. reported a 26.8% increase in sales for the fiscal quarter ended June 30, 2021, reaching $333.3 million, compared to $262.8 million in the same period last year. Gross profit margin improved to 12.6%, up from 7.5%. SG&A expenses dropped 44.4% to $33.8 million, significantly enhancing net loss to $11.5 million, a reduction of 87.5% year-over-year. Adjusted EBITDA rose 92.2% to $14.8 million. The company anticipates fiscal 2022 sales between $1.65 billion and $1.8 billion.
Pyxus International, Inc. (PYYX) will announce its first quarter fiscal results for 2022 on August 16, 2021, at 5 P.M. ET. A press release will be issued prior to this conference call. Investors can join the call by dialing (334) 323-0501 or (800) 353-6461 with ID 3760398. A live audio webcast will also be available on the Pyxus website. For those unable to attend, a replay will be available for five days at (719) 457-0820 or (888) 203-1112. Pyxus is a global agricultural company with over 145 years of experience in providing sustainable and traceable products.
Pyxus International (OTC Pink: PYYX) announced the retirement of Joel L. Thomas, CFO, effective upon the appointment of a successor. Thomas will serve as a strategic advisor until his full retirement by June 30, 2022. He has been with the company for 16 years, including 7 years as CFO, and played a crucial role in guiding the company through restructuring during the COVID-19 pandemic. The search for his successor is currently underway, with the company expressing gratitude for Thomas's contributions.
Pyxus International (PYYX) released its fiscal year 2021 results, reporting combined sales and revenues of $1.3319 billion, a 12.8% decline from the previous year. The net loss improved to $117.7 million, down 55.5%. Adjusted EBITDA was $93.5 million, while SG&A expenses fell slightly to $197.9 million. The company significantly reduced long-term debt by $396 million to $553.4 million. Looking ahead, fiscal 2022 guidance suggests sales between $1.65 billion and $1.8 billion and adjusted EBITDA of $150 million to $170 million.
Pyxus International, Inc. (OTC Pink: PYYX) announced a conference call on June 29, 2021, at 5 P.M. ET to discuss its fourth quarter and fiscal year 2021 financial results. A press release will precede the call detailing these results. Investors can join by dialing (313) 209-4906 or (888) 204-4368, using conference ID 5638556. A live audio webcast will also be available on Pyxus' website. A replay of the call will be accessible for five days following the event.
Pyxus International has announced that its 2021 annual meeting of shareholders will take place on August 19, 2021. This global value-added agricultural company, with over 145 years of experience, is committed to delivering sustainable and traceable products. Information about the company and its initiatives can be found at www.pyxus.com.
Pyxus International, Inc. (PYYX) announced a $120 million delayed-draw term loan credit facility, with a maturity in July 2022, to address COVID-19-related shipment delays and increased customer demand for 2021 crops. The company anticipates part of the loan will be repaid once shipment delays are resolved, although some may remain to support crop purchases. CEO Pieter Sikkel noted that the pandemic has significantly impacted operational timelines and customer fulfillment.
Pyxus International (OTC Pink: PYYX) reported a 4.5% increase in revenues for Q2 FY2021, totaling $379.6 million compared to $363.3 million in Q2 FY2020. Gross profit margin improved to 16.5%, up from 15.2%, reflecting better cost management. Net loss decreased 62.7% to $8.2 million. Adjusted EBITDA rose 64.9% to $39.9 million. Inventory declined 11.5% to $771.8 million, and notes payable decreased 25.3% to $433.6 million. The company anticipates improved leaf tobacco volume and growth in the e-liquids category.
Pyxus International (OTC Pink: PYYX) will host a conference call on February 9, 2021, at 5:30 P.M. ET, to discuss its financial results for Q3 ended December 31, 2020. A press release detailing these results will be available before the call. Interested parties can join by dialing (786) 789-4776 or (888) 394-8218, using conference ID 8106551. A live audio webcast is also accessible on the company's website. Replays will be available for five days post-call, with specific instructions provided for accessing the recording.
Pyxus International (OTC Pink: PYYX) has appointed four new members to its Board of Directors as part of its transformation strategy, effective October 12, 2020. The new board members include Robert George, Carl Hausmann, Cynthia Moehring, and Richard Topping, who bring extensive experience from diverse sectors such as aerospace, agribusiness, compliance, and tobacco. CEO Pieter Sikkel emphasized the importance of these appointments in driving acceleration and future success for the company.
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