Improved Operating Income
Operating income increased by $17 million to $34 million for the first fiscal quarter of 2026, driven by a favorable product mix.
Increased Revenue and Sales Volumes in Ingredients Operations
The Ingredients Operations segment maintained positive momentum with increased revenues and sales volumes, despite facing challenges.
Significant Improvement in Net Income
Net income attributable to Universal Corporation was $8.5 million or $0.34 per share, compared to $100,000 or $0.01 per share in the same quarter last year.
Strong Balance Sheet
Net debt was $1.1 billion, which is $47 million lower than as of June 30 of the previous year.
Sustainability Commitment
Continued commitment to sustainability with a focus on emissions reduction, including a new biomass boiler in Zimbabwe aimed at reducing coal use.