Reports Preliminary Second Quarter Fiscal Year 2025 Results

Highlights Continued Strong Operational Performance

Files Form 12b-25, Delays Second Quarter 2025 Earnings Release and Conference Call

RICHMOND, Va., Nov. 12, 2024 /PRNewswire/ -- Universal Corporation (NYSE: UVV) ("Universal" or the "Company"), a global business-to-business agriproducts company, today is providing a financial and operational update for the second quarter of fiscal year 2025, including preliminary results for the quarter.

RICHMOND, Va., Nov. 7, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced today that the Company's Board of Directors declared a quarterly dividend of eighty-one cents ($0.81) per share on the common shares of the Company, payable February 3, 2025, to common shareholders of record at the close of business on January 13, 2025.  

In addition, the Company announced that the Company's Board of Directors has approved a program for the repurchase of up to $100 million of Universal Corporation shares of common stock. The authorized purchases may be made from time to time on the open market or in privately negotiated transactions at prices not exceeding prevailing market rates. Universal currently has approximately 24.7 million common shares outstanding.

RICHMOND, Va., Sept. 4, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced today the opening of its enhanced Universal Ingredients Shank's manufacturing campus in Lancaster, Pennsylvania. The enhancement is the result of the Company's $30 million expansion project that adds new state-of-the-art beverage-focused extraction and aseptic processing technology to the existing campus. The project significantly increases the campus' physical production capacity and service capabilities.

Preston D. Wigner, Senior Vice President, to Become Chairman, President, and CEO, Effective October 1, 2024

Longtime Leader George C. Freeman, III, to Retire as Chairman, President, and CEO

Mr. Freeman to Support Seamless Transition through Fiscal Year-End

RICHMOND, Va., Aug. 29, 2024 /PRNewswire/ -- Universal Corporation (NYSE: UVV), a global business-to-business agriproducts company, today announced that its Board of Directors has approved a leadership succession plan. Under the plan, Preston D. Wigner, who has been with Universal for more than 20 years and currently serves as the Company's Senior Vice President, will become Chairman, President, and Chief Executive Officer, effective October 1, 2024. At that time, George C. Freeman, III, will retire from his longtime roles as Chairman, President, and CEO and as a member of the Board.

RICHMOND, Va., July 30, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) will webcast its conference call on August 7, 2024, following the release of its results for the first quarter of fiscal year 2025 after market close on that date. The conference call will begin at 5:00 p.m. Eastern Time. 

A live webcast of the conference call will be available online on a listen-only basis at www.universalcorp.com. A replay of the webcast conference call will be available at that site through November 7, 2024. A taped replay of the call will also be available from 8:30 p.m. Eastern Time on August 7th through August 20, 2024, at (800) 723-5759.

RICHMOND, Va., May 22, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, "Universal Corporation had a positive finish to a strong fiscal year 2024 with notable financial and operational performance in both the fiscal year and quarter ended March 31, 2024. Fiscal year 2024 was an exceptional year for our tobacco business, as a favorable product mix, strong customer demand, and the sale of larger crops in Africa, compared to fiscal year 2023, drove our strong operating results. Fiscal year 2024 was also a significant building year for our ingredients business. We made important progress with our state-of-the-art expansion project, and we continued to invest in Universal Ingredients' commercial sales team and research and development function. We also made advances in fiscal year 2024 towards our sustainability goals by entering agreements that move us closer to our operational emissions targets and by making continued progress towards our social supply chain targets.

RICHMOND, Va., May 22, 2024 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), announced today that the Company's Board of Directors declared a quarterly dividend of eighty-one cents ($0.81) per share on the common shares of the Company, payable August 5, 2024, to common shareholders of record at the close of business on July 8, 2024.  This increase indicates an annualized rate of $3.24 per common share and a yield of approximately 6.08% based on the $53.29 closing price on May 20, 2024.

RICHMOND, Va., May 15, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) will webcast its conference call on May 22, 2024, following the release of its results for fiscal year 2024 after market close on that date. The conference call will begin at 5:00 p.m. Eastern Time. 

A live webcast of the conference call will be available online on a listen-only basis at www.universalcorp.com. A replay of the webcast conference call will be available at that site through August 22, 2024. A taped replay of the call will also be available from 8:30 p.m. Eastern Time on May 22nd through June 5, 2024, at (888) 225-1626.