NYSE$UVV

Universal Corp/VA · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported annual results with net income, diluted earnings per share, and non-GAAP adjusted operating income up over 20% compared to fiscal year 2020.

Universal Corporation reported strong fiscal year 2021 results, with net income and diluted earnings per share up over 20% compared to fiscal year 2020. Strong leaf tobacco shipments, plant-based ingredients acquisitions, and favorable foreign currency comparisons contributed to the improvement.

  • Leaf tobacco shipments accelerated in the second half of fiscal year 2021.
  • The company delivered on its capital allocation strategy by acquiring Silva International.
  • The company benefited from positive net foreign currency comparisons.
  • The company announced its 51st annual dividend increase.

Headline financials

Total Revenue

$609M

Previous: $618M-1.4%
EPS (adj)

$0.57

Previous: $1.08-47.2%
Capital Expenditures

$32.4M

Previous: $13.5M+139.1%
Free Cash Flow

$149M

Previous: $170M-12.2%
Net Income

$39.4M

Previous: $15.6M+153.1%
Operating Income

$62.7M

Previous: $31.5M+98.9%
Gross Profit

$124M

Previous: $109M+13.6%
Cash & Equivalents

$197M

Previous: $107M+83.6%
Total Assets

$2.34B

Previous: $2.12B+10.4%
Stock-Based Comp

$6.11M

Previous: $5.63M+8.4%

Revenue & EPS history

Universal Corp · Revenue · Quarterly

$609M

Q4 2021-1.4%vs Q4 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 expects global supply for flue-cured leaf tobacco to be in line with anticipated demand and for burley leaf tobacco to be in a slight undersupply position. Freight costs are being monitored due to the COVID-19 pandemic.

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 Q4 2021

Historical avgQ4 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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