Universal swings to FY27 Q1 net loss of $5.02 million; revenue falls 12% to $523.8 million
UVV•Universal reports lower revenue and a net loss in FY27 Q1
- Universal posted a net loss attributable to shareholders of USD 5.02 million, swinging from profit; diluted EPS turned to a loss of USD 0.20.
- Revenue fell 12% to USD 523.8 million; operating income dropped 93% to USD 2.3 million.
- Gross margin narrowed 3.3 percentage points to 15.9%; tobacco segment operating income slid 90% to USD 3.5 million.
- Ingredients segment operating loss was USD 700,000, turning from profit; management cited consumer headwinds and high fixed costs at Lancaster.
- Liquidity was about USD 1.1 billion; total debt was down USD 55.5 million year-over-year on reduced working capital usage.
