Universal (UVV) FY2024 results: revenue $2.7 billion, up 6.7% on the year
Universal Corp. (UVV) reported revenue of $2.7 billion for fiscal 2024, the year ended 31 March 2024, up 6.7% on the year before. Net income was $120 million, down 3.6%, and diluted earnings per share $4.78. The figures are the company's own, from the 10-K it filed with the SEC on 29 May 2024.
Revenue
$2.7 billion
+6.7% on the year
FY2017FY2024
Operating margin
8.2%
7.1% a year earlier
FY2017FY2024
Net income
$120 million
-3.6% on the year
FY2017FY2024
Diluted EPS
$4.78
-3.8% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-74.6
-10.6
44.9
Capital expenditure
66.0
54.7
53.2
+20.7%
Free cash flow
-141
-65.2
-8.3
Free cash flow margin
-5.2%
-2.6%
-0.4%
Cash from investing
-60.0
-50.4
-143
Cash from financing
126
38.9
-16.8
+222.7%
Depreciation and amortisation
58.3
57.3
52.5
+1.8%
Share-based compensation
12.1
8.4
6.2
+43.3%
Buybacks
4.7
3.4
3.1
+37.6%
Dividends paid
78.4
77.4
76.4
+1.3%
Dividend per share
$3.20
$3.16
$3.12
+1.3%
Diluted shares, weighted
25m
25m
25m
+0.4%
Shares outstanding at period end
25m
25m
25m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,437
1,397
1,341
+2.9%
Non-controlling interest
41.7
39.9
44.2
+4.6%
Debt
1,035
812
701
+27.4%
Operating lease liabilities
19.3
25.5
29.6
-24.4%
Other liabilities
404
364
471
+11.0%
Total liabilities and equity
2,937
2,639
2,586
+11.3%
Fixed assets
366
351
345
+4.2%
Goodwill
214
214
214
-0.0%
Intangible assets
68.9
80.1
92.6
-14.0%
Trading assets
12.4
11.7
13.7
+6.1%
Cash and equivalents
55.6
64.7
81.6
-14.1%
Receivables
525
402
385
+30.6%
Other assets
1,695
1,516
1,454
+11.9%
Total assets
2,937
2,639
2,586
+11.3%
10-K for the year ended 31 March 2024, filed 29 May 2024: the filing.