Q4 Consolidated Revenue Growth
Consolidated revenue for Q4 was $715 million, up 2% year-over-year, demonstrating near-term top-line resilience despite a challenging prior-year comparison; full-year consolidated revenue was $2.9 billion (slightly down vs. an exceptional prior year).
Tobacco Segment Resilience and Scale
Tobacco segment Q4 revenue was $632 million, up 3% year-over-year, and full-year segment operating income was $212 million (down versus prior year but reflecting continued core earnings capacity). Management emphasized geographic diversification and buying execution to manage market cycles.
Ingredients Platform Progress and Full-Year Growth
Ingredients full-year revenue reached $348 million, up 3% year-over-year, with core businesses FruitSmart and Silva performing in line with expectations and continued investments in a scalable ingredients platform and innovation pipeline.
Strong Liquidity and Dividend Track Record
Liquidity availability (cash plus committed and uncommitted credit) totaled over $1.2 billion as of 03/31/2026; net debt was $845 million (up ~$28 million vs prior year). Company announced its 56th consecutive annual dividend increase and reports a five-year adjusted payout history that supports continuation of the dividend policy.
Sustainability Recognition
Advanced from A- to A in the CDP supplier engagement assessment, recognized as a CDP supplier engagement leader, and named to CDP's supplier engagement A list, underscoring governance and supplier collaboration strengths.
Leadership and Financial Discipline Focus
Appointed Steven S. Diel as CFO effective April 1, 2026; management emphasized disciplined capital allocation, focus on free cash flow, and plans to strengthen commercial execution and financial controls across the business.