Universal Q2 revenue falls on tobacco shipment delays
UVV•Universal’s fiscal second-quarter revenue fell 18% as tobacco sales volumes declined, while adjusted EPS dropped 71% to $0.39. The company cited delayed tobacco shipments, high raw material costs and weakness in the Ingredients segment.
1. Quarterly results
Universal’s fiscal second-quarter revenue fell 18% on lower tobacco sales volumes, and adjusted EPS dropped 71% from a year earlier to $0.39. Net income was $12.59 million.
2. Shipment outlook
The company said a delayed tobacco market cycle pushed shipments into the second half of fiscal 2027. It also cited tight apple supplies and high raw material costs, as well as persistent weakness in the consumer-packaged-goods industry, as pressures on its Ingredients segment.
3. Customer interest
Universal noted emerging customer interest in additional tobacco volumes due to El Niño concerns.
