Strong Competitive Position
Pyxus International effectively navigated a highly dynamic and competitive market, capturing opportunities from large crop volumes in South America and Africa. The company's competitive strength is underscored by its flexible global footprint, improved financial capacity, and long-term farmer relationships.
Recognition for Environmental Efforts
Pyxus was recognized as a Supplier Engagement Leader by the environmental nonprofit CDP for the second year in a row, highlighting its collaboration with farmers to reduce negative environmental impacts.
Improved Financial Capacity
The company increased capacity under its seasonal lines and asset-based lending (ABL) facility by $30 million, resulting in a total of $150 million, with no outstanding balance at the end of the quarter compared to $44 million last year.
Reduced Operating Cycle Time
Pyxus achieved a 12-day reduction in its operating cycle time year-over-year, ending the first quarter at 160 days, reflecting strong working capital management.