Pyxus International Q1 revenue falls on lower prices and shipment timing
PYYX•Loss narrows on tax benefit
The company reported a narrower net loss for the fiscal first quarter, which it said was mainly due to an income tax benefit.
Key details
- Q1 revenue: $437.80 million
- Q1 loss per share: $0.28
- Q1 net loss: $7.04 million
- Q1 adjusted EBITDA: $27.70 million
- Q1 gross profit: $61.41 million
Guidance maintained for fiscal 2027
Pyxus maintained its fiscal 2027 net sales guidance of $2.3 billion to $2.5 billion.
The company also continues to expect fiscal 2027 adjusted EBITDA of $210 million to $240 million.
Quarterly revenue declines on pricing and shipment timing
Pyxus International said fiscal first-quarter revenue declined year over year due to lower average sales prices for leaf products in South America and Africa.
The company also cited a slight decrease in volumes sold, mainly driven by the timing of shipments in North America, with the current crop largely shipped in the prior quarter.
