Universal Corporation (UVV) posts solid 3Q as tobacco demand remains stable


Universal Corporation (NYSE:UVV) is included among the List of Dividend Champions, Contenders and Challengers: 15 Highest Yielding Stocks.

Universal Corporation (UVV) posts solid 3Q as tobacco demand remains stable
Universal Corporation (UVV) posts solid 3Q as tobacco demand remains stable

Universal Corporation (NYSE:UVV) reported its fiscal third quarter 2026 results on February 9, with Chairman, President and CEO Preston D. Wigner describing the quarter and first nine months of the fiscal year as a solid stretch for the company. He said the tobacco business continued to hold up well, supported by steady demand across most types of tobacco and soft shipping activity. While noting signs the market could be moving toward oversupply, Wigner said Universal’s long-established supply network and deep local knowledge of its regions leave it well-equipped to deal with changing conditions.

In the ingredients segment, Wigner said the Universal Ingredients business was able to keep revenue up year-to-date despite a tougher operating environment. Lower customer demand and fees weighed on results, and quarterly performance was also pressured by higher fixed costs linked to recent investments. Still, he said the goal remains to turn customer interest into real orders and continue to develop the company’s solution-based offerings.

Wigner also noted the measures taken to strengthen the company’s financial position. The refinancing and extension of Universal’s credit facility in December 2025 improved liquidity and increased flexibility, giving the company more room to pursue its strategic priorities. A significant increase in the use of renewable electricity across operations reflects concrete actions towards the company’s net zero goals, while continuing to support farmers and strengthen its global supply chain.

Universal Corporation (NYSE:UVV) operates globally as an agricultural company, providing customized products and solutions to meet customers’ evolving needs. Alongside its long-standing leaf tobacco business, the company continues to invest in the growth of its plant-based ingredients platform.

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