Quarterly ResultAug 5, 2026, 04:30 PM
Universal Corp Reports Q1 Net Loss of $5.02M, Revenue Down 11.8%
AI Summary
Universal Corp reported a net loss attributable to the company of $5.02 million for the three months ended June 30, 2026, a significant decline from a net income of $8.50 million in the prior year period. Sales and other operating revenues decreased by 11.8% to $523.78 million. The company also declared a quarterly dividend of $0.83 per share and has $97 million remaining on its stock repurchase program.
Key Highlights
- Net loss attributable to Universal Corp: $(5.02) million (vs $8.50 million net income YoY).
- Sales and other operating revenues: $523.78 million (down 11.8% YoY).
- Diluted EPS: $(0.20) (vs $0.34 YoY).
- Dividends declared per common share: $0.83 (up from $0.82 YoY).
- Stock repurchase program: $97 million remaining capacity at June 30, 2026.
- Net cash used by operating activities: $(117.12) million (improved from $(205.10) million YoY).
- Trade receivables sold: $52.9 million in Q1 2026.
Price Impact
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