Universal Corp. (UVV) Reports Q2 EPS of $1.11

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Universal Corporation Reports Six Month Results

November 12, 2019 6:30 AM EST

RICHMOND, Va., Nov. 12, 2019 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE: UVV), reported net income for the first half of fiscal year 2020, which ended on September 30, 2019, of $30.1 million, or $1.19 per diluted share, compared with $44.6 million, or $1.76 per diluted share, for the same period of the prior fiscal year. Included in the results for both periods were certain non-recurring income tax items, detailed in Other Items below, which reduced diluted earnings per share by $0.11 and increased diluted earnings per share by $0.30 for the six months ended September 30, 2019 and... More