Replies to post #1379 on Pyxus International Inc (PYYX)

[makinezmoney]

$PYYX: They emerged out of BK with Zero Debt

Clean balance sheet and increasing top line revs from subsidiary FIGR and others.

https://static.seekingalpha.com/uploads/sa_presentations/793/86793/original.pdf


Tobacco Shipments to China hardcore buyers...................

Highlights (comparisons are to the relevant prior-year period):

Sales and other operating revenues increased $10.6 million, or 3.2%, to $343.9 million for the three months ended June 30, 2022.
Net loss attributable to Pyxus International, Inc. increased $3.2 million, or 27.8%, to $14.7 million for the three months ended June 30, 2022 primarily due to a $7.6 million decrease in income tax benefit.
Adjusted EBITDA* increased $2.5 million, or 17.1%, to $17.3 million for the three months ended June 30, 2022.
Cash and cash equivalents was $165.4 million, an increase of $85.8 million, as of June 30, 2022.
Inventories, net was $980.1 million, an increase of $126.0 million as of June 30, 2022 with more than 90% of processed tobacco inventory committed to specific customers to meet near-term forecasted demand.
Foreign seasonal lines of credit were $545.2 million, an increase of $141.4 million as of June 30, 2022.
Pieter Sikkel, Pyxus' President and CEO said, "We have experienced strong demand thus far in fiscal 2023. As expected, our first quarter was consistent with the prior fiscal year, with increased demand and more normalized timing of shipments from Asia, partially offset by the timing of shipments from Africa and South America.

"As of June 30, 2022, our inventory increased $126.0 million compared to the prior year primarily due to higher new crop green tobacco prices and processing costs in South America, and accelerated new crop buying activities in certain key markets. In addition, our processed tobacco inventory continues to be more than 90% committed to specific customers. The overall increase in inventory and our committed inventory levels for processed tobacco position us to meet near-term demand and we expect to see stronger shipments in subsequent quarters in fiscal 2023, consistent with historical trends. Despite higher green tobacco prices and processing costs in South America, we were able to effectively manage our working capital to meet our purchasing goals for the current crop cycle.

GO $PYYX

[Helter Skelter]

Great stuff snakess! The link provided links to the 2nd Q End of Sep PYYX reports...not sure that was the link you wanted? Great stuff regardless! :)