Universal Corp FY26 EPS $1.30, down 66%; Q4 EPS $(1.73) on impairment
Universal Corporation reported its financial results for the fiscal year and fourth quarter ended March 31, 2026. For fiscal year 2026, diluted earnings per share decreased by 66% to $1.30, and operating income fell 28% to $168.5 million. Fourth quarter 2026 saw a diluted loss per share of $1.73 and an operating loss of $15.0 million, primarily due to a $41.1 million non-cash goodwill impairment charge related to its Universal Ingredients-Shank’s operation and $52.0 million in inventory write-downs. Despite these impacts, the company noted solid execution in its Tobacco Operations and revenue growth in Ingredients Operations, and expects uncommitted tobacco inventories to return to target in fiscal year 2027.
Key Highlights
- FY26 diluted EPS was $1.30, a 66% decrease from $3.78 in FY25.
- Q4 2026 diluted EPS was $(1.73), a 568% decrease from $0.37 in Q4 2025.
- A non-cash goodwill impairment charge of $41.1 million was recorded in FY26.
- Inventory write-downs totaled $52.0 million in FY26, up $32.2 million from prior year.
- FY26 sales and other operating revenue was $2,924.5 million, down 1% from FY25.
- Tobacco Operations FY26 revenue was $2,576.4 million, down 1%.
- Ingredients Operations FY26 revenue was $348.1 million, up 3%.
- Total debt decreased by $168.7 million to $904.3 million at March 31, 2026.
Price Impact
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