PYXUS INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 14, 2024
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Item 1. Condensed Consolidated Statements of Operations
| Pyxus International, Inc. and Subsidiaries | ||||
|---|---|---|---|---|
| Condensed Consolidated Statements of Operations | ||||
| (Unaudited) | ||||
| Three Months Ended · Nine Months Ended | ||||
| December 31, | December 31, | |||
| (in thousands, except per share data) | 2023 | 2022 | 2023 | 2022 |
| Sales and other operating revenues | $529,816 | $655,553 | $1,631,161 | $1,507,736 |
| Cost of goods and services sold | 437,268 | 567,752 | 1,376,802 | 1,311,861 |
| Gross profit | 92,548 | 87,801 | 254,359 | 195,875 |
| Selling, general, and administrative expenses | 42,381 | 37,119 | 116,477 | 106,694 |
| Other expense, net | 2,323 | 9,040 | 6,036 | 9,106 |
| Restructuring and asset impairment charges | 85 | 35 | 1,379 | 4,380 |
| Operating income | 47,759 | 41,607 | 130,467 | 75,695 |
| Loss on deconsolidation/disposition of subsidiaries | — | — | — | 648 |
| Loss on pension settlement | 12,008 | — | 12,008 | 2,588 |
| Interest expense, net | 31,994 | 31,361 | 95,785 | 85,649 |
| Income (loss) before income taxes and other items | 3,757 | 10,246 | 22,674 | (13,190) |
| Income tax expense | 6,156 | 17,887 | 16,360 | 15,810 |
| Income from unconsolidated affiliates | 6,578 | 5,404 | 6,531 | 10,708 |
| Net income (loss) | 4,179 | (2,237) | 12,845 | (18,292) |
| Net income attributable to noncontrolling interests | 344 | 96 | 111 | 241 |
| Net income (loss) attributable to Pyxus International, Inc. | $3,835 | $(2,333) | $12,734 | $(18,533) |
| Earnings (loss) per share: | ||||
| Basic and diluted | $0.15 | $(0.09) | $0.51 | $(0.74) |
| Weighted average number of shares outstanding: | ||||
| Basic and diluted | 25,000 | 25,000 | 25,000 | 25,000 |
| See "Notes to Condensed Consolidated Financial Statements" | ||||
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