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Pyxus International, Inc. (OTC Pink: PYYX) reported significant financial growth for its fiscal quarter ending December 31, 2022. Sales surged by 52.9%, reaching $655.6 million, while operating income rose to $41.6 million. The net loss improved by $27.8 million, totaling $2.3 million.
Additionally, Adjusted EBITDA climbed 42.4% to $61.3 million, and cash from operating activities increased by $129.8 million to $176.1 million.
Pyxus International (PYYX) has scheduled a conference call for February 14, 2023, at 5:00 PM ET to discuss its financial results for the third quarter ending December 31, 2022. A press release detailing these results will be provided before the call. Investors can join the call by dialing (646) 960-0369 or (888) 350-3452, using conference ID 2624736. For those unable to attend, a replay will be available for five days. Pyxus International, a leader in value-added agriculture with over 150 years of experience, aims to transform lives and promote sustainable practices.
Pyxus International (OTC Pink: PYYX) announced successful completion of exchange transactions on February 6, 2023, enhancing financial flexibility. Key outcomes include:
- Conversion of 100% loans from its Dutch subsidiary into new senior secured term loans due December 31, 2027.
- Exchange of 92.7% of existing senior secured notes for new 8.50% Senior Secured Notes due December 31, 2027.
- Amendment of the asset-based revolving credit facility to ease covenants.
CEO Pieter Sikkel noted these changes extend loan maturities and provide relief from restrictive covenants, allowing Pyxus to better execute its long-term strategy.
