Pyxus International (PYX) Reports Q3 Loss of $2.40 on Revenues of $363.26M

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Go back to Pyxus International (PYX) Reports Q3 Loss of $2.40 on Revenues of $363.26M

Pyxus International, Inc. Reports Fiscal Year 2020 Third Quarter Results

February 10, 2020 4:30 PM EST

MORRISVILLE, N.C., Feb. 10, 2020 /PRNewswire/ -- Pyxus International, Inc. (NYSE: PYX), a global value-added agricultural company, today announced results for its fiscal quarter ended December 31, 2019.

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... More