Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations and Ingredients Operations. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The company contracts, purchases, processes, and sells flue-cured, burley, and oriental tobaccos that are primarily used in the manufacture of cigarettes; and dark air-cured tobaccos principally used in the manufacture of cigars, natural wrapped cigars and cigarillos, smokeless, and pipe tobacco products. It also provides value-added services, including blending, chemical, and physical testing of tobacco; service cutting for various manufacturers; manufacturing reconstituted leaf tobacco; just-in-time inventory management services; electronic nicotine delivery systems; and smoke testing services for customers. In addition, the company offers testing services for crop protection agents and tobacco constituents in seed, leaf, and finished products, including e-cigarette liquids and vapors; and analytical services that include chemical compound testing in finished tobacco products and mainstream smoke. Further, it provides a various value-added manufacturing processes to produce specialty vegetable and fruit-based ingredients for the food and beverage end markets, as well as provides water pipe style leaf tobacco; and recycles waste materials from tobacco production. The company was founded in 1886 and is headquartered in Richmond, Virginia.
IPO Year:
Exchange: NYSE
Website: universalcorp.com
4 - UNIVERSAL CORP /VA/ (0000102037) (Issuer)
4 - UNIVERSAL CORP /VA/ (0000102037) (Issuer)
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4 - UNIVERSAL CORP /VA/ (0000102037) (Issuer)
4 - UNIVERSAL CORP /VA/ (0000102037) (Issuer)
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RICHMOND, Va., Dec. 19, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) ("Universal" or the "Company"), a global business-to-business agriproducts company, announces the release of its 2024 Sustainability Report which details the progress that it has made on key sustainability priorities. "When we define "success" at Universal, we look at more than just our financial performance. We also place a great weight on our ability to enhance our global sustainability efforts and to report those efforts publicly and transparently," said Preston Wigner, Universal's Chairman, President, and CEO. "Simply put, sustainability is not just good business, it is the right thing to do. Our 2024 Sustainab
RICHMOND, Va., Nov. 22, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) ("Universal" or the "Company"), a global business-to-business agriproducts company, today announced that, as expected, on November 19, 2024, it received a notice (the "NYSE Notice") from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 (the "Form 10-Q") with the U.S. Securities and Exchange Commission (the "SEC") prior to November 18, 2024, the end of the extension period provided by Rule 12b-25 under the Secu
Reports Preliminary Second Quarter Fiscal Year 2025 Results Highlights Continued Strong Operational Performance Files Form 12b-25, Delays Second Quarter 2025 Earnings Release and Conference Call RICHMOND, Va., Nov. 12, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) ("Universal" or the "Company"), a global business-to-business agriproducts company, today is providing a financial and operational update for the second quarter of fiscal year 2025, including preliminary results for the quarter. Preston D. Wigner, Chairman, President, and Chief Executive Officer of Universal Corporation, stated, "The Universal team delivered another quarter of solid results, driven by strong customer deman
RICHMOND, Va., Nov. 7, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced today that the Company's Board of Directors declared a quarterly dividend of eighty-one cents ($0.81) per share on the common shares of the Company, payable February 3, 2025, to common shareholders of record at the close of business on January 13, 2025. In addition, the Company announced that the Company's Board of Directors has approved a program for the repurchase of up to $100 million of Universal Corporation shares of common stock. The authorized purchases may be made from time to time on the open market or in privately negotiated transactions at p
RICHMOND, Va., Sept. 4, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced today the opening of its enhanced Universal Ingredients Shank's manufacturing campus in Lancaster, Pennsylvania. The enhancement is the result of the Company's $30 million expansion project that adds new state-of-the-art beverage-focused extraction and aseptic processing technology to the existing campus. The project significantly increases the campus' physical production capacity and service capabilities. "We are excited to announce the opening of our enhanced Universal Ingredients Shank's campus. This will enable us to expand our product offerings to
Preston D. Wigner, Senior Vice President, to Become Chairman, President, and CEO, Effective October 1, 2024 Longtime Leader George C. Freeman, III, to Retire as Chairman, President, and CEO Mr. Freeman to Support Seamless Transition through Fiscal Year-End RICHMOND, Va., Aug. 29, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, today announced that its Board of Directors has approved a leadership succession plan. Under the plan, Preston D. Wigner, who has been with Universal for more than 20 years and currently serves as the Company's Senior Vice President, will become Chairman, President, and Chief Executive Officer, effective Octo
RICHMOND, Va., Aug. 7, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, "Universal Corporation is off to a strong start for our fiscal year 2025. For the quarter ended June 30, 2024, revenue was $597.1 million, up by approximately 15% for both our Tobacco and Ingredients Operations segments, while operating income was $17.2 million, up $6.2 million, or 56%, compared to the same quarter last fiscal year. "Our revenue increase in the Tobacco Operations segment was driven by higher sales volumes and prices. Coming out of an exceptional fiscal year 2024, we benefited from continued strong demand from our to
RICHMOND, Va., Aug. 7, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), announced today that the Company's Board of Directors declared a quarterly dividend of eighty-one cents ($0.81) per share on the common shares of the Company, payable November 4, 2024, to common shareholders of record at the close of business on October 14, 2024. Universal Corporation (NYSE:UVV) is a global agricultural company with over 100 years of experience supplying products and innovative solutions to meet our customers' evolving needs and precise specifications. Through our diverse network of farmers and partners across more than 3
RICHMOND, Va., July 30, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) will webcast its conference call on August 7, 2024, following the release of its results for the first quarter of fiscal year 2025 after market close on that date. The conference call will begin at 5:00 p.m. Eastern Time. A live webcast of the conference call will be available online on a listen-only basis at www.universalcorp.com. A replay of the webcast conference call will be available at that site through November 7, 2024. A taped replay of the call will also be available from 8:30 p.m. Eastern Time on August 7th through August 20, 2024, at (800) 723-5759. All remarks made during the conference call will be cu
RICHMOND, Va., May 22, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, "Universal Corporation had a positive finish to a strong fiscal year 2024 with notable financial and operational performance in both the fiscal year and quarter ended March 31, 2024. Fiscal year 2024 was an exceptional year for our tobacco business, as a favorable product mix, strong customer demand, and the sale of larger crops in Africa, compared to fiscal year 2023, drove our strong operating results. Fiscal year 2024 was also a significant building year for our ingredients business. We made important progress with our state-of-t
Preston D. Wigner, Senior Vice President, to Become Chairman, President, and CEO, Effective October 1, 2024 Longtime Leader George C. Freeman, III, to Retire as Chairman, President, and CEO Mr. Freeman to Support Seamless Transition through Fiscal Year-End RICHMOND, Va., Aug. 29, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, today announced that its Board of Directors has approved a leadership succession plan. Under the plan, Preston D. Wigner, who has been with Universal for more than 20 years and currently serves as the Company's Senior Vice President, will become Chairman, President, and Chief Executive Officer, effective Octo
Global Consumer Products Executive Brings Over Four Decades of Beverage and Ingredients Experience to Universal RICHMOND, Va., Feb. 1, 2023 /PRNewswire/ -- Universal Corporation (NYSE:UVV) today announced the appointment of Arthur J. Schick, Jr., retired Vice President of Proprietary Flavors within the Beverage Concentrate Division of PepsiCo, Inc., to the Company's Board of Directors. Mr. Schick's appointment is effective April 1, 2023, at which time the Board will expand to nine directors, eight of whom are independent. "We are thrilled to welcome Art Schick to our Board of Directors," said George C. Freeman, III, Chairman, President and Chief Executive Officer of Universal Corporation.
Reports Preliminary Second Quarter Fiscal Year 2025 Results Highlights Continued Strong Operational Performance Files Form 12b-25, Delays Second Quarter 2025 Earnings Release and Conference Call RICHMOND, Va., Nov. 12, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) ("Universal" or the "Company"), a global business-to-business agriproducts company, today is providing a financial and operational update for the second quarter of fiscal year 2025, including preliminary results for the quarter. Preston D. Wigner, Chairman, President, and Chief Executive Officer of Universal Corporation, stated, "The Universal team delivered another quarter of solid results, driven by strong customer deman
RICHMOND, Va., Nov. 7, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced today that the Company's Board of Directors declared a quarterly dividend of eighty-one cents ($0.81) per share on the common shares of the Company, payable February 3, 2025, to common shareholders of record at the close of business on January 13, 2025. In addition, the Company announced that the Company's Board of Directors has approved a program for the repurchase of up to $100 million of Universal Corporation shares of common stock. The authorized purchases may be made from time to time on the open market or in privately negotiated transactions at p
RICHMOND, Va., Aug. 7, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, "Universal Corporation is off to a strong start for our fiscal year 2025. For the quarter ended June 30, 2024, revenue was $597.1 million, up by approximately 15% for both our Tobacco and Ingredients Operations segments, while operating income was $17.2 million, up $6.2 million, or 56%, compared to the same quarter last fiscal year. "Our revenue increase in the Tobacco Operations segment was driven by higher sales volumes and prices. Coming out of an exceptional fiscal year 2024, we benefited from continued strong demand from our to
RICHMOND, Va., Aug. 7, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), announced today that the Company's Board of Directors declared a quarterly dividend of eighty-one cents ($0.81) per share on the common shares of the Company, payable November 4, 2024, to common shareholders of record at the close of business on October 14, 2024. Universal Corporation (NYSE:UVV) is a global agricultural company with over 100 years of experience supplying products and innovative solutions to meet our customers' evolving needs and precise specifications. Through our diverse network of farmers and partners across more than 3
RICHMOND, Va., July 30, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) will webcast its conference call on August 7, 2024, following the release of its results for the first quarter of fiscal year 2025 after market close on that date. The conference call will begin at 5:00 p.m. Eastern Time. A live webcast of the conference call will be available online on a listen-only basis at www.universalcorp.com. A replay of the webcast conference call will be available at that site through November 7, 2024. A taped replay of the call will also be available from 8:30 p.m. Eastern Time on August 7th through August 20, 2024, at (800) 723-5759. All remarks made during the conference call will be cu
RICHMOND, Va., May 22, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, "Universal Corporation had a positive finish to a strong fiscal year 2024 with notable financial and operational performance in both the fiscal year and quarter ended March 31, 2024. Fiscal year 2024 was an exceptional year for our tobacco business, as a favorable product mix, strong customer demand, and the sale of larger crops in Africa, compared to fiscal year 2023, drove our strong operating results. Fiscal year 2024 was also a significant building year for our ingredients business. We made important progress with our state-of-t
RICHMOND, Va., May 22, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), announced today that the Company's Board of Directors declared a quarterly dividend of eighty-one cents ($0.81) per share on the common shares of the Company, payable August 5, 2024, to common shareholders of record at the close of business on July 8, 2024. This increase indicates an annualized rate of $3.24 per common share and a yield of approximately 6.08% based on the $53.29 closing price on May 20, 2024. Mr. Freeman noted, "We are pleased to announce our 54th annual dividend increase for our shareholders. This decision reflects the Un
RICHMOND, Va., May 15, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) will webcast its conference call on May 22, 2024, following the release of its results for fiscal year 2024 after market close on that date. The conference call will begin at 5:00 p.m. Eastern Time. A live webcast of the conference call will be available online on a listen-only basis at www.universalcorp.com. A replay of the webcast conference call will be available at that site through August 22, 2024. A taped replay of the call will also be available from 8:30 p.m. Eastern Time on May 22nd through
RICHMOND, Va., Feb. 7, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, "Universal Corporation again delivered strong financial and operational performance in the third quarter of fiscal year 2024. Operating income and net income for the quarter were up 13% and 28%, respectively, relative to the third quarter of fiscal year 2023, which helped increase operating income and net income for the nine months of fiscal year 2024 by 20% and 13%, respectively, compared to the same period last fiscal year. "Our tobacco business continued to perform very well, driven by a favorable product mix and strong demand fr
RICHMOND, Va., Feb. 7, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), announced today that the Company's Board of Directors declared a quarterly dividend of eighty cents ($0.80) per share on the common shares of the Company, payable May 6, 2024, to common shareholders of record at the close of business on April 8, 2024. Universal Corporation (NYSE:UVV), headquartered in Richmond, Virginia, is a global business-to-business agri-products supplier to consumer product manufacturers, operating in over 30 countries on five continents. We strive to be the supplier of choice for our customers by leveraging our farmer