Earnings ·
Pyxus posts Q1 net loss of $7.3M as sales drop to $437.8M on lower prices
PYYXPyxus International, Inc.
Pyxus International, Inc. reported first quarter fiscal 2027 results ending June 30, 2026. Sales decreased to $437.8 million from $508.8 million in the prior year period due to lower average sales prices and shipment timing shifts. The company recorded a net loss of $7.3 million compared to a $15.8 million loss previously, driven by an income tax benefit of $5.7 million. Adjusted EBITDA was $27.7 million versus $29.5 million in the prior year. Net debt decreased by $130.9 million to $1,108.7 million, with no outstanding borrowings on its $150.0 million asset-based line of credit. The company maintained full-year fiscal 2027 guidance for net sales between $2.3 billion and $2.5 billion and adjusted EBITDA between $210 million and $240 million. Pyxus International, Inc. is a global value-added agricultural company specializing in the sourcing and processing of leaf tobacco.