Pyxus Internatio - PYYX STOCK NEWS

On June 13, 2024, Pyxus International announced that its greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). The approval includes Pyxus' scope 1, 2, and 3 near-term targets. By 2030, Pyxus aims to cut its direct and indirect emissions by 42% and its value chain-related emissions by 25%, compared to 2020 levels. The company has already achieved a 9% reduction in absolute emissions since its base year, largely through alternative fuel sources. This milestone aligns Pyxus with the Paris Agreement's objective to limit global warming to 1.5°C.

Pyxus International reported strong fiscal year 2024 results, with a 6.1% increase in revenue to $2.0 billion and a gross margin improvement to 15.4%. Operating income rose 46.3% to $137.2 million, leading to a net income of $2.7 million, a significant turnaround from last year's $39.1 million loss. Adjusted EBITDA increased 22.1% to $193.9 million, near the top of guidance. The company also reduced long-term debt by $88.2 million, expecting to complete a $122.5 million debt repurchase by September 2024. For fiscal 2025, Pyxus projects revenues between $2.1 billion and $2.3 billion, and adjusted EBITDA between $165 million and $185 million.

Pyxus International, a global agricultural company, has announced the release of its fourth quarter and fiscal year 2024 financial results. The report will be made public on June 6, 2024, with an earnings call scheduled for 9 a.m. ET the same day. Investors and analysts can join via a dedicated phone line or webcast. The financial results and a presentation will be available on the company's investor relations webpage. Pyxus emphasizes its commitment to responsible sourcing and sustainability in its operations.

Pyxus International, Inc. announces a significant reduction in long-term debt by $142.9 million, leading to an annual interest cost savings of $12.9 million. The company has strengthened its capital structure, enhancing future growth prospects and profitability.

Pyxus International, Inc. has been recognized as a Supplier Engagement Leader by environmental nonprofit CDP for its efforts in addressing climate change. Pyxus scored higher than industry, North America, and global averages with an 11 percent year-over-year reduction in value-chain related emissions.

Pyxus International, Inc. achieves CDP's Leadership status for climate change transparency and performance, surpassing industry, North America, and global averages. The company's A- score reflects an 11% year-over-year reduction in greenhouse gas emissions, with strong ratings in water security and forestry categories.

Pyxus International, Inc. (PYYX) reports strong financial performance for the third quarter of fiscal 2024, with significant margin gains, net income of $3.8 million versus a year-ago net loss of $2.3 million, and adjusted EBITDA increasing by 5.3% to $64.5 million. The company's sales and other operating revenues for the nine months ended December 31, 2023, increased by 8.2% to $1.6 billion, driven by consistent execution and an increase in average pricing. Gross margin improved to 15.6% from 13.0%, and operating income rose by 72.4% to $130.5 million. The company expects sales for fiscal 2024 to be in the range of $2.0 billion to $2.1 billion, with adjusted EBITDA in the range of $185 million to $195 million.

Pyxus International, Inc. (PYYX) will release its Q3 financial results on February 14, 2024, followed by an earnings conference call and webcast. The press release will be available on the investor relations webpage, and an archived recording of the call will be accessible for those who miss the live webcast.

Pyxus International, a global value-added agricultural company (OTC Pink: PYYX), has published its Fiscal Year 2023 Sustainability Report, showcasing impressive achievements such as a 12.87% reduction in water withdrawal, a 9.39% reduction in scope 1 & 2 emissions, and a 11.17% reduction in scope 3 emissions. The company also exceeded its annual community support target by over four times, benefiting more than 600,000 individuals. Pyxus' commitment to sustainability and governance is evident in its efforts to integrate business and sustainability strategies, achieving significant results in environmental impact, support for people and communities, and governance.