Universal Corporation reports preliminary Q2 EPS $1.10

Reports preliminary Q2 revenue $710.8M. Preston Wigner, Chairman, President, and CEO of Universal Corporation (UVV), stated, “The Universal team delivered another quarter of solid results, driven by strong customer demand from our Tobacco Operations segment and larger, higher quality, and better yielding crops in Africa. We believe our Tobacco Operations segment will continue its strong performance in the second half of our fiscal year. We also continued to grow Universal Ingredients’ market presence in the quarter and saw increased interest from new and existing customers, despite higher food costs creating pricing pressures. We expect our newly expanded ingredients facility to support increases in production and meaningfully contribute to our fiscal year 2026 results. Looking ahead, we are keenly focused on maximizing and optimizing our tobacco business and continuing to expand our ingredients business while identifying additional ways for the two businesses to work together. We will keep shareholders updated on our progress across these key initiatives aimed at creating enhanced value.”