Pyxus International (OTCMKTS:PYYX) Announces Quarterly Earnings Results

Pyxus International (OTCMKTS:PYYX) announced its quarterly earnings results on Wednesday. The company reported $0.65 earnings per share (EPS) for the quarter, Zacks reports. Pyxus International had a negative net margin of 0.22% and a negative return on equity of 3.15%. The company had revenue of $655.80 million for the quarter.

Here are the key takeaways from Pyxus International’s conference call:

• Adjusted EBITDA was $80M in Q3 and $164.2M year-to-date, and management reaffirmed full-year fiscal 2026 guidance of $215–$235M Adjusted EBITDA and $2.4–$2.6B in net sales, positioning the year to be one of the strongest on record.
• Inventory rose by about $207M, driving the operating cycle to 184 days and a 12-month adjusted free cash flow use of $186M, financed by increased seasonal borrowings that left leverage at ~6x and interest coverage ~1.4x at quarter end.
• Management expects the larger South American and African crops to ship in Q4, which should convert inventory to cash, materially reduce seasonal debt, and improve leverage and interest coverage by year-end.
• Third-party processing and scale benefits strengthened margins, contributing about $7M in Q3 and $28.8M year-to-date, while ongoing centralization and automation initiatives in South America aim to lower the cost structure long term.
• Net sales for Q3 were $655.8M (down ~$123M year-over-year) due to lower prices and shipment timing, with gross margin per kilo slightly below last year at $0.80 while gross margin percentage improved modestly to 15.2%.

Pyxus International Price Performance

Shares of Pyxus International stock opened at $2.99 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.39 and a debt-to-equity ratio of 3.00. Pyxus International has a 12 month low of $2.25 and a 12 month high of $6.00. The stock has a 50 day moving average of $3.13 and a 200 day moving average of $3.44. The firm has a market cap of $73.58 million and a PE ratio of -14.95.

Pyxus International Company Profile

Pyxus International, formerly known as Alliance One International, is a global supplier and processor of leaf tobacco products. The company sources, grades, blends and sells a wide range of flue-cured, burley, oriental and dark tobacco leaf to manufacturers of cigarettes, cigars and other tobacco products. In addition to leaf sales, Pyxus provides comprehensive supply chain management and technical services, including agronomic guidance, quality assurance and warehousing solutions to its customers worldwide.

In recent years, Pyxus has expanded its portfolio beyond traditional tobacco leaf to include pharmaceutical- and specialty-grade nicotine products.