PYXUS INTERNATIONAL (PYYX) Company Report

PYYX reported Q2 FY26 revenue of $570.2 million, a slight increase from $566.3 million in Q2 FY25, driven by higher volumes at lower average sales prices. Gross margin improved to 15.4% (up from 13.3%), operating income rose to $46.7 million (up from $33.0 million), and Adjusted EBITDA increased to $54.8 million (up from $44.3 million).
Year-to-date Adjusted EBITDA for FY26 was $84.2 million, a decrease from $99.3 million in the prior year, primarily due to lower carryover sales.
The company increased its full-year FY26 revenue guidance to between $2.4 billion and $2.6 billion and tightened its Adjusted EBITDA guidance to a range of $215 million to $235 million, reflecting increased confidence after in-line first-half performance.
Working capital metrics showed inventory increased to $1.14 billion and seasonal lines rose to $908.0 million in Q2 FY26, consistent with larger crops and early purchasing. The operating cycle improved to 167 days from 179 days in FY25. Leverage (Net Debt to LTM Adjusted EBITDA) stood at 6.54x and LTM interest coverage was 1.48x.

Nov 12, 2025, 2:00 PM

Pyxus International Reports Solid Second Quarter Fiscal 2026 Results and Updates Guidance

PYYX

Earnings

Guidance Update

Pyxus International, Inc. reported second quarter fiscal 2026 sales and other operating revenues of $570.2 million, an increase from $566.3 million in the prior year's second quarter. However, year-to-date fiscal 2026 sales decreased by $122.2 million, or 10.2%, compared to the same period last year.
The company achieved a gross profit as a percent of sales of 15.4% in Q2 FY26, up from 13.3% in the prior year, driven by improved product mix and higher current crop returns.
Operating income increased to $46.7 million in the second quarter of fiscal 2026, compared to $33.0 million in the prior year's second quarter, and Adjusted EBITDA was $54.8 million, up from $44.3 million.
Pyxus updated its full-year sales guidance, increasing it to $2.4 billion to $2.6 billion from the previous range of $2.3 billion to $2.5 billion.
The full-year Adjusted EBITDA guidance range was also tightened to $215 million to $235 million, with the bottom end increasing by $10 million.

Nov 12, 2025, 12:05 PM

Pyxus International, Inc. Reports Solid Second Quarter Fiscal 2026 Results and Updates Guidance

PYYX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Pyxus International, Inc. reported solid second quarter fiscal 2026 results, with sales and other operating revenues increasing to $570.2 million compared to $566.3 million for the prior year's second quarter.
The company achieved gross margin expansion to 15.4% in Q2 2026, up from 13.3% in Q2 2025, and operating income increased to $46.7 million from $33.0 million in the same period.
Adjusted EBITDA for the second quarter of fiscal 2026 was $54.8 million, compared to $44.3 million in the prior fiscal year's second quarter.
Pyxus increased its full-year sales guidance to $2.4 billion to $2.6 billion (up from $2.3 billion to $2.5 billion) and tightened its full-year Adjusted EBITDA guidance range to $215 million to $235 million.

Nov 12, 2025, 12:04 PM

Pyxus Reports Strong Q3 2025 Results and Raises Full-Year Guidance

PYYX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Pyxus reported strong financial results for Q3 fiscal year 2025, with revenue of $778 million and Adjusted EBITDA of $81 million. For the first nine months, revenue reached $2 billion and Adjusted EBITDA was $180 million.
The company increased its full-year fiscal 2025 guidance, now expecting Adjusted EBITDA in the range of $205-$215 million and revenues between $2.4 billion and $2.55 billion.
This performance was driven by a 47% increase in Q3 revenue, attributed to a 20% increase in average sales price and a 24% increase in volume sold from Africa, Asia, and Europe. Average gross profit per kilo rose 9.6% to $0.91.
Pyxus anticipates a positive outlook for fiscal 2026, with expected significantly improved crop sizes in South America (approximately 30% larger) and promising conditions in Africa, which should lead to better volumes and margin profiles.
The company also reported an improved credit profile with leverage at 4.6 times and expects strong adjusted free cash flow in the fourth quarter.

Feb 12, 2025, 2:00 PM

Pyxus Reports Strong Q3 2025 Results and Raises Full-Year Guidance

PYYX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Pyxus reported strong Q3 2025 revenue of $778 million and Adjusted EBITDA of $81 million, representing a 47% increase in revenue compared to the prior year, driven by a 20% increase in average sales price and a 24% increase in volume sold.
For the first nine months of fiscal 2025, revenue reached $2 billion and Adjusted EBITDA was $180 million, reflecting a 21% year-over-year revenue growth.
The company raised its full-year fiscal 2025 guidance, now projecting Adjusted EBITDA between $205 million and $215 million and revenues ranging from $2.4 billion to $2.55 billion.
Performance was attributed to proactive purchasing, leveraging its global footprint to mitigate El Niño risks, and a 9.6% increase in average gross profit per kilo to $0.91 in Q3.
Management expects improved crop sizes and quality in South America for fiscal 2026, with the Brazilian crop estimated to be 30% larger than last year, and promising conditions in Africa, anticipating better volumes and margin profiles.