Universal (UVV) Earnings Report, Financial Results, Financial analysis

Universal Corporation reported in the forth quarter of 2023 net earnings per share of $2.15 an increase by 108.6 % year on year from $1.03 and an improvement of 28.89 % from $1.67 realized in III. Quarter (Dec 31 2022).

*forth quarter of 2023*
Earnings Per Share	Revenues
$ 2.15	$ 694 Mill
$+1.12 +108.6 %	$+47M +7.27 %

Universal's Revenue rose by 7.27 % in forth quarter of 2023 (Mar 31 2023) year on year, to $694 million and declined by -12.71 % sequentially.

Universal is Expected to report next financial results on August 02, 2023.

More on UVV's Income Statement

UVV's NET INCOME

Universal's net income of $56.668 million in the forth quarter of 2023 increased by 67.75 % from net earnings of $33.782 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 10.33 % from net income of $51.361 million realized in previous quarter.

More on UVV's Growth

Universal Inventories
Inventories grew by 4.5 % to $203 million from IV. Quarter a year ago, sequentially inventories fell by -4.09 %. In Mar 31 2023 company's net cash and cash equivalents decreased by $-7 million, capital expenditures grew by -71.35%, to $-15 millions compare to same quarter a year ago and rose by -61.34% from III. Quarter (Dec 31 2022).

More on UVV's Cash flow Statement

Earnings quality

Universal Corporation payed out dividend of $3.15 per share in last 52 weeks representing 63.38 % of net earning per share in trailing twelve-month period.

During the same period Universal Corporation payed $ -0.42 cash per share, on a free-cash flow basis .

Book value grew by 2.45 % sequentially to $57.57 per share, 41.6% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 45.79 per share from $ 44.28.

Company issued 0.03 million shares or 0.13 % in Mar 31 2023.
Interest Coverage Ratio was 3.88. Debt Coverage Ratio was 0.2.

• More on UVV's Dividends

Market Capitalization (Millions)	1,328
Shares Outstanding (Millions)	25
Total Debt (Millions $)	812
Revenue (TTM) (Millions $)	2,570
Net Income (TTM) (Millions $)	130
Cash Flow (TTM) (Millions $)	-23
Capital Exp. (TTM) (Millions $)	-70
Dividend TTM ($)	3.15 $
Dividend Yield TTM (%)	5.85 %
Employees (TTM) $	24,000

Earnings quality

Universal Corporation payed out dividend of $3.15 per share in the last 52 weeks representing 63.38 % of net earning per share in trailing twelve-month period.

During the same period Universal Corporation had negative $ -0.42 cash flow per share, on a free-cash flow basis .

Book value grew by 2.45 % sequentially to $57.57 per share, 41.6% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 45.79 per share from $ 44.28.

Company issued 0.03 million shares or 0.13 % in Mar 31 2023.
Interest Coverage Ratio was 3.88. Debt Coverage Ratio was 0.2.

• More on UVV's Balance Sheets

Market Capitalization (Millions)	1,328
Shares Outstanding (Millions)	25
Total Debt (Millions $)	812
Revenue (TTM) (Millions $)	2,570
Net Income (TTM) (Millions $)	130
Cash Flow (TTM) (Millions $)	-23
Capital Exp. (TTM) (Millions $)	-70
Dividend TTM ($)	3.15 $
Dividend Yield TTM (%)	5.85 %
Employees (TTM) $	24,000

Universal Corporation

UVV's Financial Statements and Analysis