Pyxus International, Inc. Reports Fiscal Year 2020 Third Quarter Results
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Pyxus International (PYX) Reports Q3 Loss of $2.40 on Revenues of $363.26M
February 10, 2020 4:36 PM ESTPyxus International (NYSE: PYX) reported Q3 EPS of ($2.40), versus ($0.56) reported last year. Revenue for the quarter came in at $363.3 million, versus $524.49 million reported last year.
Quarter Highlights
Sales and other operating revenues decreased 30.7% to $363.3 million when compared to last year, due to a decrease in volume and average sale prices. The volume decrease was driven by flue-cured oversupply conditions, shipment timing, and the impact of Hurricane Florence and foreign tariffs in the U.S. Average sale price decrease was driven by a lower concentration of lamina in South American leaf... More