Pyxus International Files Q1 FY25 10-Q
Ticker: PYYX · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 939930
| Field | Detail |
|---|---|
| Company | Pyxus International, Inc. (PYYX) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
Related Tickers: PYX
TL;DR
Pyxus Intl (PYX) filed Q1 FY25 10-Q. Financials out.
AI Summary
Pyxus International, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Key financial data and disclosures relevant to investors are presented.
Why It Matters
This filing provides investors with crucial financial data and operational insights into Pyxus International's performance for the first quarter of fiscal year 2025, impacting investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the company's financial health and market position can introduce inherent risks.
Key Players & Entities
- PYXUS INTERNATIONAL, INC. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240807 (date) — Date of filing
- ALLIANCE ONE INTERNATIONAL, INC. (company) — Former company name
- DIMON INC (company) — Former company name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
What was the previous name of Pyxus International, Inc.?
Pyxus International, Inc. was formerly known as ALLIANCE ONE INTERNATIONAL, INC. and prior to that, DIMON INC.
When was this 10-Q filed with the SEC?
This 10-Q was filed with the SEC on August 7, 2024.
What is the Standard Industrial Classification (SIC) code for Pyxus International, Inc.?
The SIC code for Pyxus International, Inc. is 5150, which corresponds to WHOLESALE-FARM PRODUCT RAW MATERIALS.
What is the fiscal year end for Pyxus International, Inc.?
The fiscal year end for Pyxus International, Inc. is March 31.
Filing Stats: 4,601 words · 18 min read · ~15 pages · Grade level 15.4 · Accepted 2024-08-07 07:01:46
Filing Documents
- pyx-20240630.htm (10-Q) — 1066KB
- pyx-2024x06x30xex31x01.htm (EX-31.01) — 10KB
- pyx-2024x06x30xex31x02.htm (EX-31.02) — 10KB
- pyx-2024x06x30xex32.htm (EX-32) — 5KB
- pyx-20240630_g1.jpg (GRAPHIC) — 256KB
- 0000939930-24-000097.txt ( ) — 7541KB
- pyx-20240630.xsd (EX-101.SCH) — 51KB
- pyx-20240630_cal.xml (EX-101.CAL) — 68KB
- pyx-20240630_def.xml (EX-101.DEF) — 222KB
- pyx-20240630_lab.xml (EX-101.LAB) — 631KB
- pyx-20240630_pre.xml (EX-101.PRE) — 442KB
- pyx-20240630_htm.xml (XML) — 957KB
Financial Information
Part I Financial Information
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Condensed Consolidated Statements of Operations 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Stockholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 30
Controls and Procedures
Item 4. Controls and Procedures 30
Other Information
Part II Other Information
Legal Proceedings
Item 1. Legal Proceedings 30
Risk Factors
Item 1A. Risk Factors 31
Other Information
Item 5. Other Information 31
Exhibits
Item 6. Exhibits 31 Signature 32 2
Financial Information
Part I. Financial Information
Financial Statements
Item 1. Financial Statements Pyxus International, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended June 30, (in thousands, except per share data) 2024 2023 Sales and other operating revenues $ 634,855 $ 477,092 Cost of goods and services sold 551,003 403,947 Gross profit 83,852 73,145 Selling, general, and administrative expenses 40,662 34,063 Other expense, net 2,630 2,624 Restructuring and asset impairment charges 103 40 Operating income 40,457 36,418 Gain on debt retirement 1,323 — Interest expense, net 33,272 30,844 Income before income taxes and other items 8,508 5,574 Income tax expense 6,119 2,646 (Income) loss from unconsolidated affiliates, net ( 2,563 ) 2,158 Net income 4,952 770 Net income (loss) attributable to noncontrolling interests 310 ( 34 ) Net income attributable to Pyxus International, Inc. $ 4,642 $ 804 Earnings per share: Basic $ 0.18 $ 0.03 Diluted $ 0.18 $ 0.03 Weighted average number of shares outstanding: Basic 25,461 25,000 Diluted 25,461 25,000 See "Notes to Condensed Consolidated Financial Statements" 3 Pyxus International, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended June 30, (in thousands) 2024 2023 Net income $ 4,952 $ 770 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustment 543 707 Cash flow hedges ( 2,237 ) 862 Total other comprehensive (loss) income, net of tax ( 1,694 ) 1,569 Total comprehensive income 3,258 2,339 Comprehensive income (loss) attributable to noncontrolling interests 310 ( 34 ) Comprehensive income attributable to Pyxus International, Inc. $ 2,948 $ 2,373 See "Notes to Condensed Consolidated Financial Statements" 4 Pyxus International, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) (in thousands) June 30, 2024 June 30, 2023 March 31, 2024 Assets Current assets Cash and cash