PYXUS INTERNATIONAL INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
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Contents
Item 1. Condensed Consolidated Statements of Operations
| Pyxus International, Inc. and Subsidiaries | ||||
|---|---|---|---|---|
| Condensed Consolidated Statements of Operations | ||||
| (Unaudited) | ||||
| Three Months Ended · Six Months Ended | ||||
| September 30, | September 30, | |||
| (in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Sales and other operating revenues | $566,383 | $624,253 | $1,201,238 | $1,101,345 |
| Cost of goods and services sold | 490,914 | 535,587 | 1,041,917 | 939,534 |
| Gross profit | 75,469 | 88,666 | 159,321 | 161,811 |
| Selling, general, and administrative expenses | 38,875 | 40,033 | 79,537 | 74,096 |
| Other expense, net | 3,292 | 1,089 | 5,922 | 3,713 |
| Restructuring and asset impairment charges | 224 | 1,254 | 327 | 1,294 |
| Operating income | 33,078 | 46,290 | 73,535 | 82,708 |
| Gain on debt retirement | 6,855 | — | 8,178 | — |
| Interest expense, net | 35,750 | 32,947 | 69,022 | 63,791 |
| Income before income taxes and other items | 4,183 | 13,343 | 12,691 | 18,917 |
| Income tax expense | 8,041 | 7,558 | 14,160 | 10,204 |
| (Income) loss from unconsolidated affiliates, net | (585) | (2,111) | (3,148) | 47 |
| Net (loss) income | (3,273) | 7,896 | 1,679 | 8,666 |
| Net (loss) income attributable to noncontrolling interests | (46) | (199) | 264 | (233) |
| Net (loss) income attributable to Pyxus International, Inc. | $(3,227) | $8,095 | $1,415 | $8,899 |
| (Loss) earnings per share: | ||||
| Basic | $(0.12) | $0.32 | $0.06 | $0.36 |
| Diluted | $(0.12) | $0.32 | $0.06 | $0.36 |
| Weighted average number of shares outstanding: | ||||
| Basic | 25,825 | 25,000 | 25,683 | 25,000 |
| Diluted | 25,825 | 25,000 | 25,683 | 25,000 |
| See "Notes to Condensed Consolidated Financial Statements" | ||||
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