Pyxus International, Inc. Reports Earnings Results for the Full Year Ended March 31, 2024
June 06, 2024 at 04:30 pm IST
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Pyxus International, Inc. reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was USD 2,032.56 million compared to USD 1,914.88 million a year ago. Net income was USD 2.66 million compared to net loss of USD 39.14 million a year ago.
Basic earnings per share from continuing operations was USD 0.11 compared to basic loss per share from continuing operations of USD 1.57 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to diluted loss per share from continuing operations of USD 1.57 a year ago.
Pyxus International, Inc. is an agricultural company. The Company is a provider of sustainable and traceable products and ingredients. The Company operates through its Leaf segment. Its core business includes tobacco leaf merchant business, purchasing, processing, packing, storing and shipping tobacco to manufacturers of cigarettes and other consumer tobacco products around the world. Its leaf tobacco operations deal primarily in flue-cured, burley, and oriental tobaccos that are used in international cigarette brands. It processes tobacco in Company-owned and third-party facilities around the world, including in Argentina, Brazil, China, Guatemala, India, Indonesia, Jordan, Macedonia, Malawi, Tanzania, Thailand, Turkey, United States, and Zimbabwe. Throughout the entire production process, from seed through processing and final shipment, its SENTRI traceability platform provides clear visibility into how products are produced throughout the supply chain, supporting product integrity.