NYSE$UVV

Universal Corp/VA · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Universal Corporation reported net income and increased revenues for the first quarter of fiscal year 2021.

Universal Corporation reported a net income of $7.3 million, or $0.29 per diluted share, for the first quarter of fiscal year 2021, compared to a net income of $2.1 million, or $0.08 per diluted share, for the first quarter of fiscal year 2020. Revenues increased by $18.9 million, or 6%, to $315.8 million.

  • Net income for the first quarter of fiscal year 2021 was $7.3 million, or $0.29 per diluted share.
  • Revenues for the quarter ended June 30, 2020, increased by $18.9 million, or 6%, to $315.8 million.
  • Operating income for the quarter ended June 30, 2020, increased by $1.0 million to $8.5 million.
  • The company is projecting that sales volumes for fiscal year 2021 will be weighted to the back half of the fiscal year due to COVID-related processing slowdowns and later customer-mandated shipment timing.

Headline financials

Total Revenue

$315M

Previous: $296M+6.6%
EPS (adj)

$0.02

Previous: $0.19-89.5%
Capital Expenditures

-$8.39M

Previous: -$5.68M-47.7%
Free Cash Flow

-$8.34M

Previous: -$122M+93.2%
Net Income

$7.27M

Previous: $2.07M+251.1%
Operating Income

$8.53M

Previous: $7.51M+13.5%
Gross Profit

$53.4M

Previous: $57.6M-7.4%
Cash & Equivalents

$100M

Previous: $168M-40.5%
Total Assets

$2.11B

Previous: $2.18B-3.3%

Revenue & EPS history

Universal Corp · Revenue · Quarterly

$315M

Q1 2021+6.6%vs Q1 2020

Revenue by segment

Universal Corp · $638M total across 2 segments · Q2 2024

  • Tobacco Operations
    $555M-39.6%
  • Ingredients Operations
    $83.8M-48.5%

Forward guidance

The company is projecting that sales volumes for fiscal year 2021 will be weighted to the back half of the fiscal year in part due to COVID related processing slowdowns and later customer mandated shipment timing and expects continued volatility in foreign currency exchange rates during fiscal year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.4%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.2%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+30.3%

Q4 2018

Best reaction

-14.9%

Q1 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.0%+3.5%
Q3 2026-10.7%-7.5%-9.6%
Q2 2026+1.4%+2.6%+1.7%
Q1 2026-4.6%-0.7%+1.8%
Q2 2025+0.3%+0.0%+11.7%
Q3 2025+1.4%-0.7%+2.7%
Q1 2025+5.2%+3.3%+5.3%
Q4 2024-12.2%-13.2%-9.8%
Q3 2024-7.7%-9.3%-12.7%
Q2 2024+13.6%+17.8%+29.2%
Q1 2024-1.5%-2.4%-5.8%
Q4 2023-0.5%-1.4%-6.5%
Q3 2023-0.4%+1.1%-6.1%
Q2 2023+9.2%+10.3%+15.8%
Q1 2023-6.1%-6.0%-8.6%
Q4 2022+1.6%+2.8%-3.7%
Q3 2022-4.6%-5.8%+6.1%
Q2 2022+2.5%+2.9%+1.1%
Q1 2022-3.9%-2.6%-1.9%
Q4 2021-2.8%-5.1%-5.0%
Q3 2021+7.6%+9.0%+20.1%
Q2 2021+0.2%+11.1%+19.1%
Q1 2021+2.1%+6.2%+1.1%
Q4 2020-1.6%-3.2%-8.8%
Q3 2020-4.3%-4.9%-8.9%
Q2 2020-11.0%-9.8%-3.8%
Q1 2020-5.8%-9.8%-9.5%
Q4 2019+15.0%+12.0%+14.4%
Q3 2019+3.3%+0.3%+6.2%
Q2 2019-2.0%-4.5%-10.4%
Q1 2019-13.2%-16.9%-11.8%
Q4 2018+30.3%+36.8%+37.1%
Q3 2018+1.2%+9.2%+8.7%
Q2 2018-5.4%-2.1%-6.0%
Q1 2018-3.8%-9.2%-8.5%
Q4 2017-4.7%-5.5%-6.5%
Q3 2017+15.6%+6.7%-4.8%
Q2 2017+4.9%-0.1%+10.8%
Q1 2017+3.9%+3.2%+3.0%
Q4 2016+4.3%+1.6%+1.5%
Q3 2016-2.5%
Q2 2016-0.0%
Q1 2016-14.0%
Q4 2015+6.9%
Q3 2015+6.5%
Q2 2015-6.0%
Q1 2015-3.9%
Q4 2014-4.4%
Q3 2014+7.9%
Q2 2014+1.3%
Q1 2014-5.0%
Q4 2013-2.5%
Q3 2013+0.3%
Q2 2013-2.2%
Q1 2013+2.3%
Q4 2012-0.2%
Q3 2012+3.1%
Q2 2012+3.1%
Q1 2012+1.9%
Q4 2009-1.5%
Q4 2011-1.5%
Q3 2010+3.4%
Q3 2011+3.4%
Q2 2011+1.1%
Q2 2010+1.1%
Q1 2010-14.9%
Q4 2010-14.9%
Q1 2011-14.9%

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