Pyxus International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 14, 2023 at 07:00 am EST
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Pyxus International, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was USD 624.25 million compared to USD 508.28 million a year ago. Net income was USD 8.1 million compared to net loss of USD 1.54 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.
For the six months, sales was USD 1,101.35 million compared to USD 852.18 million a year ago. Net income was USD 8.9 million compared to net loss of USD 16.2 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to basic loss per share from continuing operations of USD 0.65 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to diluted loss per share from continuing operations of USD 0.65 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.
PYXUS INTERNATIONAL, INC. 
