Overview

• US value-added agricultural firm's Q4 net sales rose 35.2% yr/yr on higher leaf volumes

• Gross profit rose 40.4% and operating income increased sharply from prior year

• Company expects steady demand and sufficient supply for fiscal 2027

Outlook

• Pyxus sees fiscal 2027 sales between $2.3 bln and $2.5 bln

• Company expects fiscal 2027 adjusted EBITDA of $210 mln to $240 mln

Result Drivers

• HIGHER LEAF SALES VOLUMES - Q4 sales growth was driven by increased leaf sales volumes from Africa and North America due to larger crops and shipment timing

• IMPROVED GROSS PROFIT MARGINS - Gross profit gains were mainly due to higher leaf product sales volumes in South America and North America

• LOWER OPERATING EXPENSES - Full-year operating income benefited from decreased selling, general, and administrative expenses, mainly from lower incentive and equity-based compensation

Company press release: ID:nPn8yhVbna

Key Details

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