UVV Q3 2021 Earnings Report — Universal Corporation Revenue & Financial Results | Market Cap Arena

Universal CorporationUVV

Q3 2021 Earnings

Reported February 8, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2021	Q2 2021	Q3 2020	QoQ Change	YoY Change
Revenue	$673M	—	$505M	—	33.2%
Op. Income	$60M	—	$44M	—	36.4%
Gross Margin	20.7%	—	18.4%	—	2.3pp
Net Margin	4.9%	—	5.1%	—	-0.2pp
EPS (Diluted)	$1.34	—	$1.04	—	28.8%
Free Cash Flow	$178M	—	$99M	—	80.2%

Revenue Flow

Item	Amount
REVENUE	$673M
Cost of Revenue	$533M
GROSS PROFIT	$140M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$59M
Other Expenses	$20M
Operating Expenses	$79M
Cost & Expenses	$613M
OPERATING INCOME	$60M
Interest Income	$2.0K
Interest Expense	$7M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$55M
Income Tax Expense	$15M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$12M
EBIT	$62M
EBITDA	$74M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$673M
Cost of Revenue	$533M
GROSS PROFIT	$140M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$59M
Other Expenses	$20M
Operating Expenses	$79M
Cost & Expenses	$613M
OPERATING INCOME	$60M
Interest Income	$2.0K
Interest Expense	$7M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$55M
Income Tax Expense	$15M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$12M
EBIT	$62M
EBITDA	$74M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$12M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$26M
Change in Working Capital	$117M
OPERATING CASH FLOW	$189M
Capital Expenditure	-$11M
Acquisitions (Net)	-$159M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$800.0K
NET CASH FROM INVESTING	-$171M
Net Debt Issuance	$45M
Common Stock Repurchased	$0
Common Dividends Paid	-$19M
Other Financing Activities	$0
NET CASH FROM FINANCING	$26M
FREE CASH FLOW	$178M
Net Change in Cash	$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$0
Net Receivables	$361M
Inventory	$959M
Other Current Assets	$69M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$367M
Goodwill	$181M
Intangible Assets	$75M
Long-Term Investments	$86M
Tax Assets	$22M
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$784M
TOTAL ASSETS	$2.4B
Account Payables	$156M
Short-Term Debt	$130M
Deferred Revenue	$14M
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$346M
Long-Term Debt	$518M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$46M
Other Non-Current Liabilities	$138M
TOTAL NON-CURRENT LIABILITIES	$725M
TOTAL LIABILITIES	$1.1B
Common Stock	$325M
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$122M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$46M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$679M
Net Debt	$584M