Universal Corporation announces Q2 adjusted EPS of $1.36, surpassing estimate of $1.34
Q2 Revenue Performance: Universal reported Q2 revenue of $754.2 million, an increase from $710.8 million the previous year, reflecting strong operational performance across its business segments.
Tobacco Operations Insights: The Tobacco Operations segment showed solid results with firm customer demand despite larger tobacco crops, and green tobacco prices softened in some regions, indicating effective market navigation.
Ingredients Operations Growth: The Ingredients Operations segment maintained positive momentum with higher sales and volume, driven by interest in new value-added products and enhanced production capabilities.
Market Challenges and Future Outlook: Despite challenges such as consumer-packaged goods industry weakness and tariff uncertainties impacting earnings, the segment is well-positioned for future growth through strategic customer engagement and investment returns.
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Universal Corporation Appoints New CFO Anubhav Mittal Effective February 17, 2026
- Executive Appointment: Universal Corporation announced the appointment of Anubhav Mittal as the new Chief Financial Officer, effective February 17, 2026, marking a strategic adjustment in the executive team aimed at enhancing financial management capabilities.
- Transition Plan: Current CFO Johan C. Kroner will retire on the same date and continue as Senior Vice President until July 1, 2026, ensuring a smooth transition, which underscores the company's commitment to management stability.
- Background Credentials: Mittal most recently served as CFO of ADM Nutrition, a business with approximately $8 billion in annual revenue, and previously held senior finance and M&A roles at ADM and Kellogg Company, showcasing his extensive experience in financial management within large enterprises.
- Market Performance: Universal Corporation closed at $55.03 on Wednesday, up $0.59 or 1.08%, reflecting a positive market sentiment towards the new CFO appointment, which may have favorable implications for the company's future financial performance.

Universal Corp (UVV) Appoints Anubhav Mittal as CFO Effective February 17, 2026
- Executive Appointment: Universal Corporation has named Anubhav Mittal as CFO effective February 17, 2026, bringing extensive financial management experience from his previous role as CFO of ADM Nutrition, a global business with approximately $8 billion in revenue.
- Transition Support: Current CFO Johan C. Kroner will retire on February 17, 2026, but will remain as a senior vice president and advisor until July 1, 2026, ensuring a smooth management transition and minimizing potential operational risks during this period.
- Strategic Planning: This executive change highlights Universal's commitment to enhancing its future financial strategy, with Mittal's appointment aimed at improving the company's financial performance and market competitiveness, particularly in the current economic climate.
- Market Reaction: While the market remains cautious about Universal's earnings performance, Mittal's addition could present new growth opportunities for the company, especially in optimizing financial structures and boosting investor confidence.






