Q4 2026 Pyxus International Inc Earnings Call Transcript
Key Points
- Net sales for the fourth quarter increased by 35.2%, driven by higher shipment volumes.
- Full year adjusted EBITDA reached a record $226.7 million, marking the fourth consecutive year of growth.
- Gross margin per kilo remained close to historic highs, demonstrating margin durability.
- SG&A expenses were reduced by approximately 5% compared to the previous fiscal year, reflecting cost discipline.
- The company successfully reduced net debt and improved its net debt to EBITDA leverage ratio to around 3.5 times.
- Full year sales were slightly lower than the previous year due to timing shifts and lower pricing in parts of South America.
- Interest expenses increased due to higher average working capital borrowings.
- The company faces an oversupply environment, which could potentially impact future revenue.
- There is a need to address the maturity of outstanding long-term debt, which remains a top priority.
- The company anticipates a modest reduction in revenue for fiscal year 2027 due to lower leaf prices.
Please stand by.
Hello, and welcome to our fourth quarter Fiscal 2026 Earnings Conference Call. Today's call is being recorded.
After our prepared remarks, we'll open the call for questions.
If you would like to ask a question today, you must dial in through your phone line. You may press *1 at any time to enter the question queue.
I'd now like to turn the call over to Tomas Berguera, VP Corporate.
Please go ahead.
Thank you, operator. With me today is Peter Sickle, our President and CEO and Dustin Styons, our Executive Vice President, CFO.
Before we begin discussing our financial results, I would like to cover a few points.
You may hear statements during the course of this call that express a belief, expectation, or intention, as well as those that are not historical fact. These statements are forward-looking and involve a number of risks and uncertainties that may cause actual events and results to differ materially from these forward-looking statements.
These risks and
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