Key facts
- Pyxus International reported a 35.2% year-over-year increase in Q4 net sales.
- Full-year operating income rose to $162.7 million.
- Full-year net income reached $14.6 million.
- Full-year adjusted EBITDA reached a record $226.7 million.
- The company's leverage ratio improved to 3.52x, a multi-year low.
Pyxus International, Inc. announced its financial results for the fourth quarter and full year, demonstrating significant positive momentum. The company reported a substantial 35.2% increase in net sales for the fourth quarter compared to the same period last year. For the full fiscal year, Pyxus International saw its operating income rise to $162.7 million and its net income reach $14.6 million. Furthermore, the company achieved a record for its full-year adjusted EBITDA, which amounted to $226.7 million. A key financial improvement noted was the company's leverage ratio, which decreased to 3.52x, representing a multi-year low. These results indicate strong operational and financial performance for the company.