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Universal Corp. (UVV) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2026-02-09 15:17
Core Viewpoint - Universal Corp. reported quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.92 per share, and showing a decline from $2.37 per share a year ago, indicating an earnings surprise of -29.69% [1] Financial Performance - The company posted revenues of $861.29 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 7.11%, and down from $937.19 million year-over-year [2] - Over the last four quarters, Universal Corp. has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - Universal Corp. shares have increased by approximately 9.6% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at $1.07 on $736.8 million in revenues for the coming quarter and $4.74 on $3.01 billion in revenues for the current fiscal year [4][7] - The estimate revisions trend for Universal Corp. was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Tobacco industry, to which Universal Corp. belongs, is currently in the bottom 36% of the Zacks Industry Rank, suggesting that the industry's outlook can significantly impact the stock's performance [8]
Universal (UVV) - 2026 Q3 - Quarterly Report
2026-02-09 13:16
Financial Performance - Net income for the nine months ended December 31, 2025, was $90,758 thousand, down from $98,941 thousand in the same period of 2024, representing a decrease of about 8.8%[12] - For the three months ended December 31, 2025, the net income attributable to Universal Corporation was $33,249,000, resulting in basic earnings per share of $1.33, down from $2.39 in the same period of 2024[37] - Universal Corporation's net income for the three months ended December 31, 2025, was $33,249,000, compared to $59,639,000 for the same period in 2024, reflecting a decrease of 44%[90] - Total revenue from contracts with customers for the three months ended December 31, 2025, was $853.155 million, a decrease from $927.981 million in the same period of 2024, representing a decline of approximately 8%[24] - Total revenue from contracts with customers for the nine months ended December 31, 2025, was $2,195,224,000, a decrease of 2.2% from $2,232,752,000 in 2024[24] Assets and Liabilities - Total current assets decreased to $2,183,425 thousand as of December 31, 2025, from $2,215,645 thousand a year earlier, reflecting a decline of approximately 1.5%[8] - Total liabilities decreased to $1,492,340 thousand as of December 31, 2025, from $1,548,507 thousand a year earlier, a reduction of approximately 3.6%[10] - Total shareholders' equity rose to $1,525,174 thousand as of December 31, 2025, compared to $1,491,912 thousand a year earlier, an increase of about 2.2%[10] - Cash and cash equivalents at the end of the period were $85,227 thousand, a significant decrease of 67.3% from $260,115 thousand at the beginning of the year[12] - Accounts receivable, net, decreased to $571,511,000 as of December 31, 2025, from $650,021,000 in the previous year, a reduction of 12.1%[8] Sales and Revenue - Tobacco sales for the three months ended December 31, 2025, were $719.882 million, down from $811.743 million in 2024, reflecting a decrease of about 11.3%[24] - Ingredient sales for the three months ended December 31, 2025, were $77.891 million, slightly down from $78.705 million in 2024, indicating a decrease of approximately 1%[24] - Tobacco sales for the nine months ended December 31, 2025, amounted to $1,800,368,000, down 5.3% from $1,901,564,000 in 2024[24] - Ingredient sales increased to $251,671,000 for the nine months ended December 31, 2025, up 6.9% from $235,942,000 in 2024[24] Cash Flow and Operating Activities - The company reported a cash outflow from operating activities of $58,039 thousand for the nine months ended December 31, 2025, compared to an inflow of $168,228 thousand in the same period of 2024[12] - Net cash used by operating activities was $(58,039,000) for the nine months ended December 31, 2025, compared to $168,228,000 provided in 2024[12] Restructuring and Impairment - The company incurred $1.7 million in net provision for losses on advances to suppliers during the nine months ended December 31, 2025, compared to a recovery of $445 thousand in the same period of 2024[12] - Restructuring and impairment costs totaled $1.7 million for the nine months ended December 31, 2025, including $0.7 million related to the consolidation of European sheet tobacco operations[17] - Total restructuring and impairment costs for the nine months ended December 31, 2025, were $1.833 million, down from $10.573 million in 2024, a reduction of approximately 82.7%[18] Capital Expenditures and Investments - Capital expenditures for the Ingredients Operations segment were $15,630 for the nine months ended December 31, 2025, compared to $24,758 in the prior year, indicating a reduction in investment[88] - Capital expenditures for the Tobacco Operations segment were $24.673 million for the nine months ended December 31, 2025, compared to $30.127 million in the same period of 2024, a decrease of approximately 18%[88] Taxation - The consolidated effective income tax rate for the three months ended December 31, 2025, was 37.8%, significantly higher than the 23.0% rate for the same period in 2024, impacted by a new 10% withholding tax law in Brazil[41][42] - The effective tax rate for the nine months ended December 31, 2025, was 31.6%, compared to 25.9% for the same period in 2024[41][42] Stock and Dividends - The company declared cash dividends of $20,443,000 for the three months ended December 31, 2025, slightly higher than $20,020,000 declared in the same period of 2024[90] - The Company approved a stock repurchase program for up to $100 million, with $100 million remaining for repurchases as of December 31, 2025[31] Foreign Currency and Hedging - The Company has implemented hedging strategies for foreign currency exchange rate risk, particularly for tobacco purchases and processing costs in Brazil and Mexico[50] - The total notional amounts of forward currency contracts outstanding were approximately $64.4 million as of December 31, 2025, compared to $66.7 million in 2024, indicating a decrease of 3.4%[55] - The company uses forward contracts to manage currency remeasurement risk, with notional amounts outstanding at December 31, 2025, totaling approximately $64.4 million[55] Other Comprehensive Income - Other comprehensive income for the three months ended December 31, 2025, was a loss of $998,000, compared to a loss of $10,449,000 in the same period of 2024, indicating an improvement[90] - The company reported a total accumulated other comprehensive loss of $72.208 million at the end of December 2025, an improvement from $97.605 million at the end of December 2024[89]
Universal (UVV) - 2026 Q3 - Quarterly Results
2026-02-09 13:14
Exhibit 99.1 P.O. Box 25099 ~ Richmond, VA 23260 ~ Phone: (804) 359-9311 ~ Fax: (804) 254-3584 ______________________________________________________________________________________________________ P R E S S R E L E A S E CONTACT: Universal Corporation Investor Relations RELEASE: 8:05 a.m. ET Phone: (804) 359-9311 Fax: (804) 254-3584 Email: investor@universalleaf.com Universal Corporation Reports Nine Month and Third Quarter 2026 Results Continued Solid Consolidated Performance Richmond, VA February 9, 2026 ...
Universal Corporation Appoints Steven S. Diel as Chief Financial Officer
Businesswire· 2026-02-09 13:00
As announced in July 2025, Johan C. Kroner, the Company's current Senior Vice President and CFO, will remain a Senior Vice President of the Company until July 1, 2026, serving as an advisor to Mr. Wigner and supporting a smooth CFO transition with Mr. Diel. Mr. Wigner stated, "I deeply appreciate Johan's continued support during his tenure and wish him all the best in his well-deserved retirement.†About Steven S. Diel RICHMOND, Va.--(BUSINESS WIRE)--Universal Corporation (NYSE:UVV) ("Universal†or the "Com ...
CFOs On the Move: Week ending Feb. 6
Yahoo Finance· 2026-02-06 09:10
Leadership Changes - Kenta Kon has been promoted to president and CEO of Toyota Motor, effective April 1, succeeding Koji Sato, who will become vice chairman and chief industry officer [2] - Prashanth Mahendra-Rajah will step down as CFO of Uber on February 16, 2026, and will be replaced by Balaji Krishnamurthy, currently vice president of strategic finance at Uber [3] - Peer Bueller has been promoted to CEO of Kayak, succeeding cofounder Steve Hafner, who will become executive chair and focus on AI innovation at Booking Holdings [4] - Liz Coddington, CFO of Peloton, is leaving for a similar role at Palmetto, with her departure effective March 30 [5] - Anubhav Mittal's employment offer to become CFO of Universal Corp. has been withdrawn, and Johan Kroner will continue as CFO until a successor is named [6] Background of Key Individuals - Kenta Kon has been with Toyota since 1991 and served as CFO since July 2025 [2] - Balaji Krishnamurthy joined Uber in 2019 and has held various leadership roles, including head of investor relations [3] - Peer Bueller joined Kayak in 2016 as CFO and took on the COO role in 2021 [4] - Liz Coddington joined Peloton as CFO in June 2022, previously working at Amazon and other notable companies [5] - Anubhav Mittal has worked at ADM for 10 years, most recently as CFO of ADM Nutrition, a $8 billion business [6] Company Implications - Toyota's leadership transition may signal a strategic shift under new management [2] - Uber's CFO change could impact its financial strategy and investor relations [3] - Kayak's new CEO may drive innovation and operational changes within the company [4] - Peloton's CFO transition could affect its financial management and strategic direction [5] - Universal Corp.'s withdrawal of Mittal's offer may create uncertainty in its financial leadership [6]
Universal Technical Institute, Inc. CEO Jerome Grant Highlights Skilled Collar and Healthcare Workers' Contributions to the American Economy
Prnewswire· 2026-02-05 14:15
Core Insights - Universal Technical Institute, Inc. emphasizes the importance of skilled collar and healthcare workers in the American economy, highlighting an urgent shortage of qualified workers despite high job availability [1][2] - The company aims to educate approximately 32,000 students in Fiscal Year 2026 through its divisions, UTI and Concorde Career Colleges, which focus on various in-demand fields [1][4] - The ongoing shift in workforce dynamics, influenced by reconsideration of traditional college paths and the impact of artificial intelligence, positions skilled collar and healthcare roles as stable employment options [4] Company Overview - Universal Technical Institute, Inc. is a leading workforce solutions provider founded in 1965, operating two main divisions: UTI and Concorde Career Colleges [5] - UTI operates 15 campuses across nine states, offering training in transportation, skilled trades, electrical, and energy sectors, while Concorde has 18 campuses in eight states and online, focusing on allied health, dental, nursing, and patient care programs [5]
Universal Technical Institute Reports Fiscal Year 2026 First Quarter Results
Prnewswire· 2026-02-04 21:03
Core Insights - Universal Technical Institute, Inc. reported strong financial performance for Q1 fiscal 2026, with revenue growth and strategic investments supporting future growth targets [1][3][5] Financial Highlights - Revenue reached $220.8 million, a 9.6% increase from $201.4 million in the same period last year [5][6] - Net income was $12.8 million, down from $22.2 million, primarily due to strategic growth expenses [5][6] - Adjusted EBITDA decreased by 23.5% to $27.1 million, attributed to $7.6 million in strategic growth investments [5][6] - Average full-time active students increased by 7.2% to 26,858, with new student starts rising by 2.6% to 5,449 [5][6] Operational Highlights - The company is executing its North Star strategy effectively, with strong performance in key campuses such as Austin, Miramar, Fort Myers, San Antonio, and Atlanta [3][4] - Four new campus locations have been announced, with openings contingent on regulatory approvals [5][6] Strategic Initiatives - The company is enhancing partnerships with policymakers and employers, exemplified by the Heartland Dental co-branded campus, to address the skilled labor gap [4][3] - Fiscal 2026 guidance remains optimistic, with expected revenue between $905 million and $915 million and adjusted EBITDA of approximately $156 million [8] Balance Sheet and Liquidity - As of December 31, 2025, total available liquidity was $233.2 million, including $93.6 million in cash and cash equivalents [9] - Total debt stood at $101.4 million, with $22.2 million in cash capital expenditures primarily for campus and program expansions [9]
Spin Master and Universal Products & Experiences Introduce Hellbreak™, A New Horror Trading Card Game Set to Launch in 2026
Prnewswire· 2026-02-03 17:00
Core Concept - Spin Master and Universal Products & Experiences are launching a new horror trading card game (TCG) called Hellbreak, designed to engage horror fans and TCG players with iconic characters from horror history [2][3]. Company Overview - Spin Master is a leading global children's entertainment company known for creating exceptional play experiences across toys, entertainment, and digital games, with a strong portfolio including brands like PAW Patrol and Bakugan [7]. - Universal Products & Experiences focuses on expanding NBCUniversal's iconic brands and properties through innovative products and engaging experiences, leveraging a vast portfolio from Universal Pictures and other studios [9]. - Ghost Galaxy, the game design team behind Hellbreak, specializes in tabletop game design and has a history of successful titles, emphasizing innovation in player engagement [10]. Product Details - Hellbreak features a "Monster Sandbox" gameplay concept where characters from horror history compete in a fast-paced, collectible format, initially showcasing Universal Pictures' horror icons [3][4]. - The game aims to create a cinematic storytelling experience, enhancing player engagement and replayability, with a global launch planned for Fall 2026 [5][6].
Universal Music Group N.V. to Announce Financial Results for the Fourth Quarter and Full Year Ended December 31, 2025
Prnewswire· 2026-01-30 13:15
Core Viewpoint - Universal Music Group N.V. will release its financial results for Q4 and the full year ended December 31, 2025 on March 5, 2026, after the Euronext market closes [1] Group 1: Financial Results Announcement - The financial results will be announced after the close of the Euronext market on March 5, 2026 [1] - A conference call to discuss these results is scheduled for March 5, 2026, at 6:15 PM CET [2] - A live audio webcast will be available for the conference call, with a replay link provided afterward [2] Group 2: Investor Participation - Investors and analysts can pre-register for a dial-in line to ask questions during the conference call [3] - The pre-registration for the dial-in line can be done on the company's investor relations website under the "Financial Reports" tab [3] Group 3: Company Overview - Universal Music Group is a leader in music-based entertainment, involved in recorded music, music publishing, merchandising, and audiovisual content [4] - The company has a comprehensive catalogue of recordings and songs across various musical genres, focusing on artist development and distribution of successful music [4] - UMG is committed to fostering innovation and entrepreneurship to create new opportunities for artists and enhance fan experiences [4]
Universal Digital Inc. Provides Currency Clarification
TMX Newsfile· 2026-01-28 22:00
Core Viewpoint - Universal Digital Inc. has clarified the currency denomination of certain amounts related to the termination of its senior secured convertible debenture financing with Helena Global Investment Opportunities 1 Ltd. [1][2] Group 1: Financial Details - The senior secured convertible debentures that were extinguished had an aggregate principal amount of C$3,336,364 [2] - A non-convertible promissory note issued to Helena has a principal amount of US$300,000, which was correctly disclosed in the prior news release [2] - There are no changes to the substance or commercial terms of the transaction as previously disclosed, and the termination agreement, promissory note, and related pledge agreement remain unchanged [3] Group 2: Company Overview - Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses, and entities involved in high-growth industries, particularly in blockchain and cryptocurrencies [4] - The company aims to provide shareholders with long-term capital growth through a diversified investment approach and to participate in the transformation of global finance via digital asset strategies [4]