Universal (UVV) FY2023 results: revenue $2.5 billion, up 21.9% on the year
Universal Corp. (UVV) reported revenue of $2.5 billion for fiscal 2023, the year ended 31 March 2023, up 21.9% on the year before. Net income was $124 million, up 43.3%, and diluted earnings per share $4.97. The figures are the company's own, from the 10-K it filed with the SEC on 25 May 2023.
Revenue
$2.5 billion
+21.9% on the year
FY2016FY2023
Operating margin
7.1%
7.7% a year earlier
FY2016FY2023
Net income
$124 million
+43.3% on the year
FY2016FY2023
Diluted EPS
$4.97
+43.2% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
-10.6
44.9
220
Capital expenditure
54.7
53.2
66.2
+2.8%
Free cash flow
-65.2
-8.3
154
Free cash flow margin
-2.6%
-0.4%
7.8%
Cash from investing
-50.4
-143
-217
Cash from financing
38.9
-16.8
91.4
Depreciation and amortisation
57.3
52.5
44.7
+9.1%
Share-based compensation
8.4
6.2
6.1
+36.1%
Buybacks
3.4
3.1
0.0
+12.9%
Dividends paid
77.4
76.4
75.2
+1.2%
Dividend per share
$3.16
$3.12
$3.08
+1.3%
Diluted shares, weighted
25m
25m
25m
+0.1%
Shares outstanding at period end
25m
25m
25m
+0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,397
1,341
1,307
+4.2%
Non-controlling interest
39.9
44.2
41.1
-9.9%
Debt
812
701
619
+15.9%
Operating lease liabilities
25.5
29.6
19.7
-13.8%
Other liabilities
364
471
354
-22.6%
Total liabilities and equity
2,639
2,586
2,342
+2.0%
Fixed assets
351
345
350
+1.8%
Goodwill
214
214
173
-0.0%
Intangible assets
80.1
92.6
72.3
-13.5%
Trading assets
11.7
13.7
15.7
-14.3%
Cash and equivalents
64.7
81.6
197
-20.8%
Receivables
402
385
367
+4.3%
Other assets
1,516
1,454
1,167
+4.2%
Total assets
2,639
2,586
2,342
+2.0%
10-K for the year ended 31 March 2023, filed 25 May 2023: the filing.