Pyxus International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 04:46 pm EST
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Pyxus International, Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was USD 655.55 million compared to USD 428.94 million a year ago. Net loss was USD 2.33 million compared to USD 30.1 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 1.2 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 1.2 a year ago.
For the nine months, sales was USD 1,507.74 million compared to USD 1,156.43 million a year ago. Net loss was USD 18.53 million compared to USD 51.29 million a year ago. Basic loss per share from continuing operations was USD 0.74 compared to USD 2.05 a year ago. Diluted loss per share from continuing operations was USD 0.74 compared to USD 2.05 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. 
