Universal Stock Price, News & Analysis

Universal Corporation (NYSE:UVV) has received approval from the Science Based Target initiative (SBTi) for its ambitious Net-Zero emissions target. The company has committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. Key targets include:

- 45% reduction in scope 1 and 2 GHG emissions by 2030 (vs 2024)
- 25% reduction in scope 3 GHG emissions by 2030
- 90% reduction in all scope emissions by 2050
- Zero deforestation across primary commodities by December 2025

CEO Preston D. Wigner emphasized that sustainability is integral to Universal's business strategy and provides a competitive advantage in the global marketplace.

Universal Corporation (NYSE:UVV) has announced it will host a conference call on May 29, 2025, following the release of its fiscal year 2025 results after market close. The conference call will begin at 5:00 p.m. Eastern Time. A live webcast will be available at www.universalcorp.com, with replay access through August 29, 2025. A taped replay will also be available via phone from May 29 to June 12, 2025.

Universal Corporation is a global agricultural company with over 100 years of experience, operating across more than 30 countries on five continents. The company specializes in supplying agricultural products and innovative solutions, focusing on high-quality, traceable products through its network of farmers and partners.

Universal Corporation (NYSE: UVV) has announced key changes to its Board of Directors. Fay Manolios will join the Board effective June 1, 2025, bringing over 25 years of experience in strategy development and human resources. Manolios previously served as Managing Vice President, Head of Total Rewards at Capital One Financial Corporation from 2012 to 2022, where she led the development of a five-year Total Rewards plan.

Simultaneously, Michael T. Lawton, who has served as an independent director since 2016, will retire and not seek re-election at the company's 2025 Annual Meeting of Shareholders on August 5, 2025. During his nine-year tenure, Lawton contributed to Universal's strategic initiatives, including the creation of the Ingredients Operations segment.

Universal Corporation (NYSE:UVV) has announced its 55th consecutive annual dividend increase, declaring a quarterly dividend of $0.82 per share payable on August 4, 2025. This represents an annualized rate of $3.28 per common share and yields approximately 5.66% based on the $58.00 closing price on May 19, 2025.

The global agricultural company, which operates across more than 30 countries, also set its 2025 Annual Meeting of Shareholders for Tuesday, August 5, 2025, at 11:00 a.m. Eastern Time at the company's headquarters, with a record date of June 5, 2025.

Universal (NYSE:UVV) reported preliminary Q3 FY2025 results, with sales revenue of $937.2 million and operating income of $100.7 million. Net income reached $57.1 million, with diluted EPS of $2.27.

The Tobacco Operations segment performed strongly with $854.8 million in revenue and $99.2 million in operating income, benefiting from increased customer demand and successful procurement efforts. The segment experienced higher quality crops in Africa and strong trading volumes in Asia.

The Ingredients Operations segment generated $83.3 million in revenue with $3.7 million in operating income, facing some margin pressure from high raw material costs. The company maintained low uncommitted tobacco inventory at 10% and had approximately $215 million in cash and $270 million available under its revolving credit facility.

The company disclosed an ongoing investigation into embezzlement at its Mozambique subsidiary, identifying unauthorized payments totaling $16.7 million from FY2016 through FY2025.

Universal (NYSE:UVV) has announced its latest quarterly dividend of $0.81 per share on common shares. The dividend will be payable on May 5, 2025, to shareholders of record as of April 14, 2025.

The company, which operates as a global business-to-business agriproducts enterprise, has established its presence across more than 30 countries on five continents. With over 100 years of experience, Universal specializes in providing high-quality, traceable products through its extensive network of farmers and partners. The company emphasizes its integrated processing capabilities, supply chain expertise, and commitment to sustainability in delivering value to customers.

Universal (NYSE:UVV) has released its 2024 Sustainability Report, highlighting significant progress in environmental and social initiatives from April 2023 to March 2024. The company has achieved notable environmental milestones, including planting over 14 million trees, reaching 71% traceability in timber supply, and reducing scope 1 and 2 emissions by 15% from 2020 baseline.

Key social achievements include training 175,000 farmers on good agricultural practices, contributing $800,000 through the Universal Leaf Foundation, and meeting important labor goals including 100% personal protective equipment distribution and zero child labor. The company has also enhanced workplace safety with over 21,000 health and safety inspections, a 40% increase from the previous year.

The report aligns with Global Reporting Initiative Standards and UN Sustainable Development Goals, demonstrating Universal's commitment to transparent sustainability reporting and environmental stewardship.

Universal (NYSE:UVV) received a notice from NYSE on November 19, 2024, regarding non-compliance with listing standards due to delayed filing of its Q2 FY2025 Form 10-Q. The delay stems from an ongoing internal investigation. While the notice doesn't immediately affect UVV's NYSE listing, the company has six months until May 18, 2025, to file the Form 10-Q and regain compliance. NYSE may grant an additional six-month extension or initiate delisting proceedings at its discretion. Universal expects to file within the initial six-month period but cannot guarantee this timeline.

Universal (NYSE: UVV) reported preliminary Q2 FY2025 results with sales revenue of $710.8 million and operating income of $70.7 million. The company's Tobacco Operations segment showed strong performance with $630.2 million in revenue, driven by robust customer demand and improved crop yields in Africa. The Ingredients Operations segment generated $80.6 million in revenue despite pricing pressures. The company disclosed an ongoing internal investigation regarding embezzlement by a former senior finance employee in Mozambique, involving approximately $7 million in unauthorized payments during FY2022-2025, leading to a delay in filing Form 10-Q.