Universal Corporation reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was USD 517.72 million compared to USD 429.82 million a year ago. Net loss was USD 2.06 million compared to net income of USD 6.83 million a year ago.

Basic loss per share from continuing operations was USD 0.08 compared to basic earnings per share from continuing operations of USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to diluted earnings per share from continuing operations of USD 0.27 a year ago.