UNIVERSAL CORP /VA/ (UVV) Company Report

Universal Corporation (UVV) is a global business-to-business agri-products company and the world's leading leaf tobacco supplier, which has recently expanded into a new Universal Ingredients segment for food and beverage markets.
The company's three-pillar corporate strategy aims to maximize and optimize its tobacco business, grow the ingredients business both organically and through acquisitions, and strengthen the company for the future.
Financially, Universal Corporation has shown strong performance, with Adjusted EBITDA and free cash flow increasing over the last five fiscal years, including a 9% CAGR for Adjusted EBITDA.
The company prioritizes shareholder returns, having achieved its 55th consecutive annual dividend increase, and maintains a fiscally conservative approach to debt, with levels around 2.5 times Adjusted EBITDA.

Jan 13, 2026, 7:00 PM

Transcript

Universal Corporation Discusses Dual Growth Strategy and Financial Strength

UVV

New Projects/Investments

Dividends

Revenue Acceleration/Inflection

Universal Corporation (UVV) is a global business-to-business agri-products company, recognized as the world's leading leaf tobacco supplier, and is pursuing a three-pillar corporate strategy to maximize its tobacco business, grow its ingredients business, and strengthen the company for the future.
The company has established a new segment, Universal Ingredients, through acquisitions since 2018, which processes fruit, vegetables, botanical extracts, and flavors for the food and beverage markets, including a recent $30-plus million expansion in its extracts and flavor capabilities.
UVV has demonstrated strong financial performance, with Adjusted EBITDA and free cash flow increasing over the last five fiscal years, and has achieved 55 consecutive annual increases to its dividend.

Jan 13, 2026, 7:00 PM

Transcript

Universal Corp Outlines Strategy for Tobacco and Growing Ingredients Businesses, Highlights Financial Performance

UVV

New Projects/Investments

Dividends

Revenue Acceleration/Inflection

Universal Corporation (UVV) is a global business-to-business agri-products company with two main segments: leaf tobacco supply and a newer food ingredients business.
The company's strategy focuses on maximizing its leading tobacco business, growing the Universal Ingredients segment organically and through acquisitions, and strengthening the overall company.
The Universal Ingredients segment, established since 2018, processes fruit, dehydrated vegetables, and botanical extracts/flavors, with recent investments including a $30+ million expansion for extraction, blending, and aseptic packaging capabilities.
Financially, Universal Corporation has achieved increased Adjusted EBITDA and free cash flow over the last five fiscal years, with Adjusted EBITDA growing at a 9% CAGR during this period.
The company has also maintained a strong commitment to shareholders, marking its 55th consecutive annual increase to its dividend.

Jan 13, 2026, 7:00 PM

Transcript

Universal Corporation Enters into New Credit Agreement

UVV

Debt Issuance

Universal Corporation entered into a new unsecured Credit Agreement on December 9, 2025, with JPMorgan Chase Bank, N.A. serving as the Administrative Agent.
The Credit Agreement provides for a five-year term loan A-1 facility of $275,000,000, a seven-year term loan A-2 facility of $345,000,000, and a five-year revolving loan facility of $780,000,000.
The revolving credit facility includes availability of up to $25,000,000 for letters of credit and up to $20,000,000 for short-term swingline borrowings.
The Company has the option to request up to two one-year extensions for the maturity dates of the loans and may increase the aggregate amount of the Revolving Credit Facility and/or obtain incremental term loans up to $300,000,000.
Commitments under the Revolving Credit Facility are subject to a facility fee ranging from 0.25% to 0.40%, depending on the Company’s ratio of consolidated total indebtedness to consolidated EBITDA.

Dec 9, 2025, 9:15 PM

8-K

Universal Corporation Reports Q2 2026 Financial Results

UVV

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Consolidated revenue for the first half of fiscal year 2026 increased by $40 million to $1.3 billion, with operating income rising $16 million to $101 million.
For the second quarter of fiscal year 2026, consolidated revenue grew by $43 million to $754 million, but operating income decreased by $1 million to $68 million.
The Tobacco Operations segment reported a $29 million revenue increase on a 3% rise in sales volumes in Q2 2026, though operating income declined by $12 million due to unfavorable foreign currency, higher inventory write-downs, and a less favorable product mix.
The Ingredients Operations segment achieved higher revenues on increased sales volumes in Q2 2026, but operating income was lower due to challenges in the consumer packaged goods industry, tariff uncertainty, and higher fixed costs from an expanded facility.
Net debt decreased by $52 million as of September 30 compared to the prior year, and the company maintains $340 million available under its revolving credit facility. Uncommitted tobacco inventory stands at 13%, within the target range, despite an anticipated market shift to oversupply by year-end.

Nov 6, 2025, 3:00 PM

Transcript

Universal Corporation Reports Q2 2026 Results and Appoints New Board Member

UVV

Earnings

Board Change

Universal Corporation reported Q2 2026 revenue increased 6% to $754.2 million, and first-half revenue increased 3% to $1,347.9 million for the periods ended September 30, 2025.
Net income attributable to Universal Corporation for Q2 2026 rose 32% to $34.2 million, with diluted earnings per share of $1.36. For the first half, net income increased 64% to $42.7 million, and diluted earnings per share was $1.70.
Operating income for Q2 2026 decreased 2% to $67.6 million, while first-half operating income increased 18% to $101.5 million.
The Tobacco Operations segment's sales increased 5% to $659.4 million in Q2 2026, and the Ingredients Operations segment's sales rose 18% to $94.8 million.
Gregory A. Trojan was appointed to the Board of Directors, effective November 5, 2025, and will serve on the Audit, Compensation and Human Resources, and Finance and Pension Investment Committees.

Nov 5, 2025, 9:17 PM

8-K

Universal Corporation Reports First Half and Second Quarter 2026 Results

UVV

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Universal Corporation reported consolidated sales and other operating revenue of $754.2 million for the three months ended September 30, 2025, a 6% increase from the prior year, and $1,347.9 million for the six months ended September 30, 2025, a 3% increase. Diluted earnings per share increased 32% to $1.36 for the quarter and 63% to $1.70 for the six months ended September 30, 2025.
Tobacco operations sales increased 5% to $659.4 million for the quarter and 2% to $1,164.1 million for the six months, with operating income down 16% to $65.2 million for the quarter but up 10% to $100.9 million for the six months. Ingredients operations sales grew 18% to $94.8 million for the quarter and 11% to $183.8 million for the six months, but operating income for this segment was a loss of $0.2 million for the quarter and down 64% to $1.5 million for the six months, impacted by fixed costs, product mix, and market challenges.
The company's total debt decreased by $39 million and net debt decreased by $52 million at September 30, 2025, compared to September 30, 2024. Restructuring and impairment costs were significantly lower at $1.1 million for the first half of fiscal year 2026, down from $10.6 million in the prior year period.

Nov 5, 2025, 9:16 PM

Press Release

World Kinect Corporation to Acquire Universal Weather and Aviation's Trip Support Services Business

UVV

M&A

New Projects/Investments

World Kinect Corporation (WKC) has signed a definitive agreement to acquire Universal Weather and Aviation's Trip Support Services (TSS) division for approximately $220 million, consisting of $160 million cash payable at closing and $60 million payable over four years.
The acquisition is expected to be approximately 7% accretive to WKC's adjusted earnings per share in the first year after closing.
WKC anticipates achieving approximately $15 million in annual net cost synergies by the end of the second year after closing.
The transaction is subject to customary closing conditions and is expected to be completed within 60 to 90 days.