TobaccoReporter logo

Tag: Pyxus

  • Pyxus Maintains FY2027 Outlook Despite Lower Q1 Sales

    Pyxus Maintains FY2027 Outlook Despite Lower Q1 Sales

    Pyxus International reported mixed results for the first quarter of fiscal 2027 as lower global leaf tobacco prices and shipment timing weighed on revenue, while improved sourcing and cost management supported margins and cash generation. Sales fell 14% year over year to $437.8 million, driven by lower average prices in South America and Africa and reduced shipment volumes, while operating income declined to $15.7 million from $21.0 million. Despite the weaker top line, the company cut its net loss to $7.3 million from $15.8 million a year earlier, aided by a tax benefit, while adjusted EBITDA slipped modestly to $27.7 million from $29.5 million.

    CEO Pieter Sikkel said the company benefited from an ample-supply, lower-price market by selectively purchasing higher-quality tobacco at lower costs, improving cash generation and strengthening its balance sheet ahead of higher shipment volumes expected later in the year. Pyxus ended the quarter with net debt down $130.9 million year over year to $1.11 billion, no borrowings outstanding under its $150 million asset-backed lending facility, and lower tobacco inventories reflecting reduced green tobacco prices and a slower purchasing pace.

    Looking ahead, Pyxus reaffirmed its fiscal 2027 guidance, maintaining expectations for net sales of $2.3 billion to $2.5 billion and adjusted EBITDA of $210 million to $240 million, signaling confidence that stronger shipment volumes later in the fiscal year will offset the softer first-quarter performance.

  • Pyxus to Announce Q1 2027 Financials Aug. 5

    Pyxus to Announce Q1 2027 Financials Aug. 5

    Pyxus International will report its first-quarter fiscal 2027 financial results on Aug. 5 before U.S. markets open, followed by an earnings conference call and webcast at 9 a.m. EDT. The global agricultural company said it will release its results for the quarter ended June 30, along with a presentation on its investor relations website prior to the call, where management will discuss the company’s quarterly performance and outlook.

  • Pyxus Named Supplier Engagement Leader by CDP

    Pyxus Named Supplier Engagement Leader by CDP

    Pyxus International, Inc. announced that it has been named a Supplier Engagement Leader by CDP for the third consecutive year, earning an “A” rating on CDP’s Supplier Engagement Assessment Leaderboard. The recognition places Pyxus among the top tier of global companies for its work engaging contracted growers and suppliers on climate action across its value chain.

    CDP’s assessment evaluates governance, emissions-reduction targets, Scope 3 emissions management, and value-chain engagement as part of its annual climate disclosure process. Pyxus said the designation reflects its ongoing efforts to work with growers to improve environmental performance, strengthen supply chain resilience, and deliver measurable emissions reductions through supplier education and shared accountability.

  • Pyxus Appoints Erdei as CHRO

    Pyxus Appoints Erdei as CHRO

    Pyxus International, Inc. announced that it appointed Joshua Erdei as senior vice president and chief human resources officer. Erdei, who has served as interim CHRO since January, has also led global total rewards, HR operations, and HR technology for the company since 2023. He brings more than 25 years of experience to the role, with prior leadership positions at Enviva, General Motors, DTE Energy, and Kellogg Company, focusing on total rewards, wellness, and employee engagement.

    “Joshua’s leadership, deep knowledge of our organization, and commitment to our people position him well to support our continued growth,” said President and CEO Pieter Sikkel.

    Reporting to Sikkel, Erdei will oversee the company’s core human resources functions and serve on the executive leadership team.

  • Pyxus Empowers Growers with New Mobile App

    Pyxus Empowers Growers with New Mobile App

    Pyxus International has launched Pyxus Alliance, a proprietary mobile application aimed at simplifying crop contracting and management for growers. The platform allows growers to self-submit contract-related data, request crop inputs, access essential crop information, and update personal records, all from a single, convenient interface. By reducing reliance on paper documentation and administrative tasks, the app is designed to give growers more time to focus on producing high-quality, sustainable, and compliant crops. According to Pyxus CEO Pieter Sikkel, the app represents an industry milestone as the first digital solution of its kind, streamlining operations while enhancing grower autonomy.

    The app is currently being piloted with select contracted growers in Brazil, where early feedback has been highly positive. Growers like Samuel Krambeck report that the platform has cut the time spent on contracting by roughly 80% compared to previous methods, allowing more focus on crop quality and productivity. Pyxus plans a global rollout following the pilot phase, and the app is now available for participating growers through Google Play and the Apple App Store, marking a significant step toward digitizing agricultural operations and improving efficiency across the company’s global grower network.

  • CDP Recognizes Pyxus for Work in Climate Change, Forestry

    CDP Recognizes Pyxus for Work in Climate Change, Forestry

    Pyxus International, Inc. was recognized as a global leader in environmental performance and transparency by CDP, earning “Leadership” status with improved A- ratings in both climate change and forestry. The company also maintained a “Management” level B rating in water security, reflecting its efforts to reduce greenhouse gas emissions, strengthen water stewardship, and mitigate deforestation across its global operations. CEO Pieter Sikkel said the recognition highlights Pyxus’ disciplined execution, transparent reporting, and collaboration throughout its value chain.

    CDP’s 2025 evaluation assessed more than 23,100 entities worldwide, with scores ranging from A to D-. Pyxus has reported greenhouse gas emissions to CDP since 2009, added water security disclosures in 2014, and began reporting forestry data in 2020.

  • Pyxus Reports Strong 3Q Results

    Pyxus Reports Strong 3Q Results

    Pyxus International reported third-quarter fiscal 2026 net income of $16.9 million, with adjusted EBITDA holding steady at $80 million, as increased shipping volumes and third-party processing offset lower leaf product revenues. Quarterly sales fell to $655.8 million from $778.3 million a year earlier, largely due to shipment timing and lower average pricing in South America. The company reaffirmed full-year guidance of $2.4 billion to $2.6 billion in net sales and $215 million to $235 million in adjusted EBITDA, while warning that strong global crop production could lead to oversupply heading into fiscal 2027.

    Tobacco inventory at the end of the third quarter was $959.8 million, compared to $755.2 million at the same time last year, reflecting procurement of the larger current crops. Uncommitted inventory as a percentage of total processed tobacco remains unchanged from the prior year. At December 31, 2025, uncommitted inventory was $28 million, or 3.6%, of the $768.6 million in total processed inventory, compared to $21.9 million, or 3.6%, of total processed inventory of $603.3 million at December 31, 2024.

  • Pyxus Publishes FY2025 Sustainability Report, Refreshed Strategy

    Pyxus Publishes FY2025 Sustainability Report, Refreshed Strategy

    Pyxus International, Inc. released its Fiscal Year 2025 Sustainability Report, highlighting measurable impacts from the company’s global sustainability initiatives and unveiling a refreshed strategy to further enhance long-term value creation. Key FY2025 achievements include recycling or repurposing 69% of operational waste—reducing landfill contributions by 47% since 2020—cutting Scope 1 & 2 emissions by nearly 9%, and reducing water withdrawal by 6% year-over-year. The company also exceeded its annual community support target, benefiting over 323,300 people through approximately 100 initiatives.

    The refreshed sustainability strategy consolidates focus areas from 12 to eight, emphasizing climate action, regenerative agriculture, nature, farmer livelihoods, responsible supply, engaged workplace, stronger communities, and governance. Pyxus plans to report updated targets in FY2026, including regenerative agriculture adoption, farmer retention, and living income metrics. CEO Pieter Sikkel said the strategy strengthens stakeholder alignment, supply chain continuity, and sustainable growth.

  • Pyxus Posts Strong Margins, Higher Guidance for Q2 2026

    Pyxus Posts Strong Margins, Higher Guidance for Q2 2026

    Pyxus International reported solid results for the second quarter 2026 ended September 30, with sales rising to $570.2 million from $566.3 million a year earlier. CEO Pieter Sikkel said the performance reflects strong execution and positions the company for a robust second half of fiscal 2026. Gross margin improved to 15.4% from 13.3%, “driven by a better product mix and higher returns on current crops.” Operating income rose to $46.7 million from $33 million, while adjusted EBITDA increased to $54.8 million from $44.3 million. Net loss narrowed to $900,000, compared to $3.2 million a year ago.

    Sales and other operating revenues for the first half of fiscal 2026 decreased $122.2 million, or 10.2%, when compared to $1.2 billion for the same period last year. “The decrease was due to the impact of lower carry-over sales from the prior fiscal year not being fully offset by the acceleration of shipments from the current crop.”

    Tobacco inventory rose to $1.1 billion, reflecting larger crops in Africa and South America, while uncommitted inventory remained low at 2.7% of total processed stock, signaling steady demand. The company reduced its operating cycle to 167 days from 179 days last year and reported strong liquidity with no borrowings on its $150 million credit line.

    Based on its performance and improved visibility, Pyxus raised its full-year sales guidance to $2.4–$2.6 billion (from $2.3–$2.5 billion) and tightened its adjusted EBITDA range to $215–$235 million.

  • Pyxus International to Report Q2 FY2026 Results November 12

    Pyxus International to Report Q2 FY2026 Results November 12

    Pyxus International, Inc. said it will release its second-quarter fiscal 2026 financial results November 12, before market open. The company will host an earnings call and webcast at 9 a.m. EST to discuss the results.

    Those interested can call +1 (646) 769-9200 or (800) 330-6710 with conference ID 2153372, or access the live webcast via Pyxus’ investor relations webpage. A press release and Q2 presentation will be available prior to the call. An archived recording will be posted shortly after the call.