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Pyxus International (PYYX)
OTHER OTC:PYYX
Earnings Data
Report Date
Jun 16, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.21Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of solid operational execution and near-term financial headwinds. Positives included stable adjusted EBITDA, improved gross margin percentage, meaningful third‑party processing margins, SG&A reductions, a strong liquidity position (undrawn ABL and $130M cash), and material sustainability achievements. Offsetting these positives were a sizable inventory build ($207M), higher working capital needs that drove a 184‑day operating cycle, a use of cash in adjusted free cash flow of $186M, elevated net interest expense, and reliance on concentrated Q4 shipments (with execution risks, particularly in Africa). Management expects Q4 shipments to convert inventory to cash and improve leverage and coverage, and they reaffirmed full-year guidance. Overall, highlights and lowlights are balanced: the company demonstrates operational strength and clear plans to address seasonal liquidity pressures, but near-term working capital and execution risks weigh on the outlook.Company Guidance
Adjusted EBITDA Stability and Full-Year Guidance Reaffirmed
Adjusted EBITDA of $80.0M in Q3 was essentially consistent with prior year (record third quarter last year). Year-to-date adjusted EBITDA was $164.2M, broadly in line with last year. Management reaffirmed full-year fiscal 2026 guidance of $2.4B–$2.6B in net sales and $215M–$235M of adjusted EBITDA.
Strong Third-Party Processing Contribution
Expanded third‑party processing drove scale benefits: contributed approximately $7M of Q3 margins and $28.8M year-to-date, demonstrating the value of the company's processing expertise and flexible global platform.
Improved Gross Margin Percentage
Gross margin percentage improved modestly to 15.2% in Q3 and year-to-date gross margin percentage increased to 14.6% from 13.9% last year, supported by larger South American crops and increased third‑party processing.
SG&A Reduction and Operating Income
SG&A expense fell to $38.3M in Q3, an $8.2M improvement year-over-year, with year-to-date SG&A at $118.8M. Operating income was $51.3M for the quarter and $119M year-to-date, reflecting improved earnings quality.
Improved Equity Pickup from JV
Equity pickup from unconsolidated affiliates increased by $8.1M to $12.4M in the quarter, driven primarily by strong performance from China Brasil Tabacos (joint venture with China Tobacco International), benefitting from larger South American crops.
Strong Liquidity Position and Undrawn ABL
Liquidity remains strong with no borrowings on the $150M ABL facility and $130M of cash on hand to fund fourth-quarter shipments and seasonal maturities, supporting confidence in converting inventory to cash.
Sustainability Milestones Achieved
Released FY2025 sustainability report: achieved 2030 operational waste reduction targets ahead of schedule, recycled 30,000 metric tons of waste, and reduced Scope 1 and 2 emissions by ~7,800 metric tons (equivalent to emissions from ~1,815 gasoline cars for one year).
Visible Q4 Shipping Cadence
Management reports clear visibility into Q4 shipments (peak shipping period) and expects significant working capital release, inventory conversion to cash, seasonal line paydown, lower leverage and improved interest coverage at year-end.
PYYX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PYYX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $3.00 | $2.99 | -0.33% |
Nov 12, 2025 | $3.15 | $3.51 | +11.43% |
Aug 06, 2025 | $5.18 | $4.80 | -7.34% |
Jun 10, 2025 | $5.00 | $5.39 | +7.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pyxus International (PYYX) report earnings?
Pyxus International (PYYX) is schdueled to report earning on Jun 16, 2026, After Close (Confirmed).
What is Pyxus International (PYYX) earnings time?
Pyxus International (PYYX) earnings time is at Jun 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PYYX EPS forecast?
Currently, no data Available