UNIVERSAL CORP /VA/
Business
Universal Corporation is a global business-to-business agriproducts company supplying plant-based materials and value-added ingredients to consumer product manufacturers. The company operates two segments: Tobacco Operations, which procures and processes leaf tobacco for cigarette and next-generation product manufacturers, and Ingredients Operations, which sources and processes fruits, vegetables, botanical extracts, and flavorings for food and beverage companies. Universal maintains operations in over 30 countries across five continents, serving multinational consumer packaged goods companies, food service providers, beverage manufacturers, and retailers through its subsidiaries including Universal Leaf Tobacco, FruitSmart, Silva, and Universal Ingredients–Shank's.
Summary from 10-K filed 2026-06-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Sales and other operating revenues | 2,924 | 2,947 | 2,749 | 2,570 | 2,104 | |
| Cost of goods sold | 2,412 | 2,399 | 2,212 | 2,112 | 1,695 | |
| Selling, general and administrative expenses | 301 | 305 | 311 | 277 | 241 | |
| Restructuring and impairment costs | 2 | 11 | 4 | 0 | 10 | |
| Goodwill, Impairment Loss | 41 | 0 | 0 | — | — | |
| Operating income | 168 | 233 | 222 | 181 | 160 | |
| Equity in pretax earnings of unconsolidated affiliates | 3 | 9 | 756,000 | 2 | 6 | |
| Pension settlement charge | 0 | 14 | 0 | 0 | — | |
| Other non-operating income | 3 | 3 | 3 | 2 | 3 | |
| Interest income | 2 | 3 | 5 | 6 | 917,000 | |
| Interest expense | 74 | 80 | 66 | 49 | 28 | |
| Income before income taxes | 103 | 154 | 164 | 142 | 142 | |
| Income taxes | 47 | 41 | 31 | 12 | 39 | |
| Net income | 56 | 113 | 133 | 130 | 104 | |
| Less: net income attributable to noncontrolling interests in subsidiaries | −23 | −18 | −13 | −6 | −17 | |
| Net income attributable to Universal Corporation | 33 | 95 | 120 | 124 | 87 | |
| Basic (per share) | 1.3 | 3.81 | 4.81 | 5.01 | 3.5 | |
| Diluted (per share) | 1.3 | 3.78 | 4.78 | 4.97 | 3.47 | |
| Basic (shares) | 25 | 25 | 25 | 25 | 25 | |
| Diluted (shares) | 25 | 25 | 25 | 25 | 25 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 62 | 260 | 56 | 65 | 82 | |
| Accounts receivable, net | 564 | 626 | 525 | 402 | 385 | |
| Advances to suppliers, net | 177 | 169 | 139 | 171 | 130 | |
| Accounts receivable, unconsolidated affiliates | 12 | 7 | — | — | — | |
| Tobacco | 832 | 806 | 1,071 | 834 | 823 | |
| Other Non-Tobacco Inventory | 204 | 190 | — | — | — | |
| Prepaid income taxes | 23 | 20 | 19 | 16 | 13 | |
| Other current assets | 97 | 78 | 94 | 100 | 117 | |
| Total current assets | 1,972 | 2,156 | 2,103 | 1,803 | 1,748 | |
| Land | 26 | 26 | 26 | 25 | 24 | |
| Buildings | 333 | 333 | 324 | 311 | 294 | |
| Machinery and equipment | 760 | 724 | 694 | 689 | 668 | |
| Total property, plant and equipment | 1,119 | 1,083 | 1,044 | 1,025 | 986 | |
| Less accumulated depreciation | −746 | −710 | −678 | −674 | −641 | |
| Property, plant and equipment, net | 373 | 373 | 366 | 351 | 345 | |
| Operating lease right-of-use assets | 37 | 34 | 33 | 41 | 40 | |
| Goodwill, net | 173 | 214 | 214 | 214 | 214 | |
| Other intangibles, net | 49 | 58 | 69 | 80 | 93 | |
| Investments in unconsolidated affiliates | 82 | 79 | 76 | 76 | 81 | |
| Deferred income taxes | 16 | 17 | 15 | 13 | 12 | |
| Pension asset | 17 | 13 | 12 | 10 | 13 | |
| Other noncurrent assets | 49 | 46 | 50 | 51 | 41 | |
| Total other assets | 422 | 460 | 469 | 485 | 493 | |
| Total assets | 2,767 | 2,990 | 2,937 | 2,639 | 2,586 | |
| Notes payable and overdrafts | 288 | 455 | 417 | 196 | 183 | |
| Accounts payable | 90 | 98 | 109 | 83 | 168 | |
| Accounts payableunconsolidated affiliates | 510,000 | 2 | 2 | 6 | 5 | |
| Customer advances and deposits | 3 | 4 | 17 | 3 | 14 | |
| Accrued compensation | 33 | 45 | 40 | 33 | 27 | |
| Income taxes payable | 18 | 13 | 7 | 3 | 7 | |
| Current portion of operating lease liabilities | 11 | 11 | 10 | 11 | 10 | |
| Accrued expenses and other current liabilities | 121 | 123 | 109 | 107 | 104 | |
| Current portion of long-term debt | 0 | 0 | 0 | 0 | 0 | |
| Total current liabilities | 564 | 750 | 711 | 442 | 519 | |
| Long-term debt | 617 | 618 | 617 | 617 | 519 | |
| Pensions and other postretirement benefits | 35 | 35 | 43 | 43 | 53 | |
| Long-term operating lease liabilities | 24 | 21 | 19 | 26 | 30 | |
| Other long-term liabilities | 25 | 23 | 28 | 33 | 34 | |
| Deferred income taxes | 40 | 42 | 39 | 43 | 47 | |
| Total liabilities | 1,306 | 1,489 | 1,458 | 1,202 | 1,202 | |
| Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par value, 100,000,000 shares authorized, 24,923,496 shares issued and outstanding (24,715,625 at March 31, 2025) | 352 | 352 | 346 | 337 | 331 | |
| Retained earnings | 1,137 | 1,187 | 1,173 | 1,137 | 1,094 | |
| Accumulated other comprehensive loss | −73 | −80 | −82 | −77 | −84 | |
| Total Universal Corporation shareholders' equity | 1,415 | 1,459 | 1,437 | 1,397 | 1,341 | |
| Noncontrolling interests in subsidiaries | 46 | 42 | 42 | 40 | 44 | |
| Total shareholders' equity | 1,461 | 1,501 | 1,479 | 1,437 | 1,385 | |
| Total liabilities and shareholders' equity | 2,767 | 2,990 | 2,937 | 2,639 | 2,586 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Depreciation and Amortization | 53 | 60 | 58 | 57 | — | |
| Provision for losses (recoveries) on advances | 6 | 2 | 14 | 11 | 6 | |
| Inventory write-downs | 52 | 20 | 9 | 14 | 20 | |
| Stock-based compensation expense | 7 | 9 | 12 | 8 | 6 | |
| Foreign currency remeasurement loss (gain), net | 7 | 6 | 5 | −4 | 19 | |
| Foreign currency exchange contracts | −2 | 916,000 | −365,000 | 14 | −13 | |
| Deferred income taxes | −961,000 | 1 | −5 | −8 | −2 | |
| Equity in net income of unconsolidated affiliates, net of dividends | 245,000 | −3 | −1 | 4 | −329,000 | |
| Restructuring payments | −3 | −2 | −1 | 0 | −4 | |
| Pension settlement | 0 | 14 | 0 | 0 | −3 | |
| Other, net | 106,000 | 1 | 1 | −6 | 512,000 | |
| Accounts receivable | 39 | −130 | −110 | −75 | −23 | |
| Inventories | −90 | 245 | −236 | −42 | −246 | |
| Other assets | −21 | 9 | −768,000 | 11 | −16 | |
| Accounts payable | −13 | −9 | 21 | −85 | 109 | |
| Accrued expenses and other current liabilities | −5 | −10 | 8 | 3 | 14 | |
| Income taxes | 971,000 | 2 | 342,000 | −8 | 7 | |
| Customer advances and deposits | −707,000 | −13 | 14 | −7 | 5 | |
| Net cash provided (used) by operating activities | 129 | 327 | −75 | −11 | 45 | |
| Purchase of property, plant and equipment | −49 | −63 | −66 | −55 | −53 | |
| Proceeds from sale of business, less cash of businesses sold | 0 | 0 | 4 | 3 | 0 | |
| Proceeds from sale of property, plant and equipment | 6 | 4 | 2 | 1 | 13 | |
| Net cash used by investing activities | −43 | −59 | −60 | −50 | −143 | |
| Issuance (repayment) of short-term debt, net | −170 | 38 | 223 | 25 | 79 | |
| Issuance of long-term debt | 89 | 0 | 0 | 123 | 0 | |
| Repayment of long-term debt | 89 | 0 | 0 | 23 | 0 | |
| Dividends paid to noncontrolling interests in subsidiaries | −19 | −18 | −11 | −10 | −13 | |
| Repurchase of common stock | 0 | 0 | −5 | −3 | −3 | |
| Dividends paid on common stock | −81 | −80 | −78 | −77 | −76 | |
| Proceeds from termination of interest rate swap agreements | −988,000 | 0 | 0 | 12 | 0 | |
| Debt issuance costs and other | −13 | −4 | −4 | −6 | −3 | |
| Net cash provided (used) by financing activities | −284 | −63 | 126 | 39 | −17 | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 262,000 | −399,000 | −141,000 | −1 | −1 | |
| Net increase (decrease) in cash and cash equivalents | −198 | 205 | −9 | −23 | −116 | |
| Interest | 72 | 75 | 61 | 50 | 27 | |
| Income taxes, net of refunds | 43 | 38 | 38 | 49 | 33 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is UNIVERSAL CORP /VA/'s CIK number?
UNIVERSAL CORP /VA/'s SEC CIK number is 0000102037 (102037). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UNIVERSAL CORP /VA/'s SEC filings?
All of UNIVERSAL CORP /VA/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did UNIVERSAL CORP /VA/ last report earnings?
UNIVERSAL CORP /VA/ (UVV) most recently filed an earnings 8-K with the SEC on May 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-038822). This is UNIVERSAL CORP /VA/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is UNIVERSAL CORP /VA/'s most recent earnings 8-K?
UNIVERSAL CORP /VA/'s latest earnings 8-K (Item 2.02) was filed May 28, 2026 under accession 0001628280-26-038822. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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