Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Sep. 30, 2025

Sep. 30, 2024

Sep. 30, 2025

Sep. 30, 2024

Income Statement [Abstract]

Sales and other operating revenues

$ 754,177

$ 710,762

$ 1,347,939

$ 1,307,812

Costs and expenses

Cost of goods sold

614,347

567,617

1,093,982

1,068,746

Selling, general and administrative expenses

72,181

63,836

151,373

142,532

Restructuring and impairment costs

^[1]

10,573

1,122

10,573

Operating income

67,649

68,736

101,462

85,961

Equity in pretax earnings (loss) of unconsolidated affiliates

^[2]

(2,561)

(642)

(126)

(502)

Other non-operating income (expense)

582

461

1,168

925

Interest income

778

295

1,425

1,103

Interest expense

20,438

21,273

38,215

42,007

Income (loss) before income taxes and other items

46,010

47,577

65,714

45,480

Income taxes

11,207

13,608

16,544

14,335

Net income (loss)

34,803

33,969

49,170

31,145

Less: net loss (income) attributable to noncontrolling interests in subsidiaries

(634)

(8,029)

(6,504)

(5,075)

Net income (loss) attributable to Universal Corporation

$ 34,169

$ 25,940

$ 42,666

$ 26,070

Earnings per share:

Basic

$ 1.36

$ 1.04

$ 1.71

$ 1.05

Diluted

$ 1.36

$ 1.03

$ 1.70

$ 1.04

Weighted average common shares outstanding:

Basic

25,035,110

24,946,632

25,017,765

24,911,681

Diluted

25,178,546

25,135,973

25,155,627

25,101,295

Total comprehensive income (loss)

Total comprehensive income (loss), net of income taxes

$ 34,654

$ 33,531

$ 57,756

$ 25,181

Less: comprehensive (income) loss attributable to noncontrolling interests

(356)

(8,026)

(6,249)

(4,682)

Comprehensive income (loss) attributable to Universal Corporation

$ 34,298

$ 25,505

$ 51,507

$ 20,499

Dividends declared per common share

$ 0.82

$ 0.81

$ 1.64

$ 1.62

[1]	Restructuring and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income. See Note 2 for additional information.
[2]	Equity in pretax earnings (loss) of unconsolidated affiliates is included in segment operating income (Tobacco Operations), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.

UNIVERSAL CORP /VA/ 10-Q