Universal Corp swings to $5.0 million Q1 loss as revenue falls 12% to $523.8 million
Universal Corporation reported a net loss attributable to shareholders of $5.0 million, or $0.20 per diluted share, for the quarter ended June 30, 2026, compared with net income of $8.5 million, or $0.34 per share, a year earlier. Revenue fell 12% to $523.8 million, mainly on lower tobacco sales volumes and prices, and operating income dropped to $2.3 million from $33.8 million. The company also reported that shareholders re-elected three directors, approved executive pay on an advisory basis, and ratified Ernst & Young LLP at its August 4, 2026 annual meeting.
Key points
- Revenue of $523.8 million, down $70.0 million or 12% from $593.8 million; tobacco sales volumes fell 9% and tobacco sales prices fell 6%.
- Operating income of $2.3 million versus $33.8 million a year earlier; Ingredients Operations posted a $(0.7) million operating loss versus $1.7 million of operating income.
- Total debt was $1.18 billion at June 30, 2026, down $55.5 million from a year earlier; the company cited about $1.1 billion of available liquidity.
- At the August 4, 2026 annual meeting, shareholders elected Arthur J. Schick, Jr., Gregory A. Trojan, and Jaqueline T. Williams as directors and ratified Ernst & Young LLP for the fiscal year ending March 31, 2027.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.