Earnings ·
Universal Corp reports Q2 FY27 diluted EPS of $0.50 on 18% revenue decline
UVVUniversal Corp
Universal Corporation reported second-quarter fiscal year 2027 results with consolidated sales and operating revenue declining 18% to $621.8 million, driven by lower tobacco sales volumes due to a delayed market cycle. Diluted earnings per share fell 63% to $0.50 from $1.36 in the prior year period. Operating income decreased 37% to $42.6 million, while net income attributable to Universal Corporation dropped 63% to $12.6 million. The company cited slower green tobacco buying and reduced shipments out of Africa and Brazil as key factors impacting performance. Universal Corporation is a global business-to-business agriproducts company that supplies leaf tobacco and plant-based ingredients.