On this page of StockholderLetter.com we present the latest annual shareholder letter from UNIVERSAL CORP /VA/ — ticker symbol UVV. Reading current and past UVV letters to shareholders can bring important insights into the investment thesis.

 •  6/30/2025 Letter Continued (Full PDF)
 •  6/23/2023 UVV Stockholder Letter
 •  7/1/2024 UVV Stockholder Letter
 •  More "Cigarettes & Tobacco" Category Stockholder Letters
 •  UVV Benford's Law Stock Score = 84

UVV Shareholder/Stockholder Letter Transcript:

(67         
2025
UNIVERSAL CORPORATION

About the Company
Universal Corporation is a global business-to-business agriproducts company with over 100 years of
experience supplying products and innovative solutions to meet our customers    evolving needs. With
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success. We have two primary businesses: leaf tobacco and plant-based ingredients.
Leaf Tobacco
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Plant-Based Ingredients
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FINANCIAL HIGHLIGHTS
Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
1EVGL         
1EVGL         
1EVGL         
in thousands, except per share data
Operations
Sales and other operating revenues



Operating income



Segment operating income



Net income






Net income attributable to Universal Corporation
Per Share
Net income attributable to Universal Corporation
shareholders   diluted*


















Dividends declared
Market price at year end
3.12
3.08
2 2.
23
232.8
28
222.0
25
25
24
23
22
21
25
25
24
147.8
3.16
21
3.20
22
3.24
3.24
3.
24
23
3.53
24
3.47
4.97
25
25
4.78
3.78
3.7
3.
3
.7
78
8
8SXEP 9RMZIVWEP 'SVTSVEXMSR WLEVILSPHIVW   IUYMX]
160.3
Working capital
181.1
At Year End
23
22
21
Net Income Per
Diluted Share *
Dividends
Declared
Operating
Income
in dollars
in dollars
in millions of dollars
* Attributable to Universal Corporation shareholders after deducting amounts attributable to non-controlling interests
in consolidated subsidiaries.
1

BOARD OF DIRECTORS Universal Corporation
Preston D. Wigner 1 * 2
Michael T. Lawton 1 3 * 4   
Thomas H. Tullidge, Jr. 2 3 5
Chairman, President and
'LMIJ )\IGYXMZI 3  GIV
Universal Corporation
Former Executive
Vice President and
'LMIJ *MRERGMEP 3  GIV 
Domino   s Pizza, Inc.
'LMIJ 7XVEXIK] 3  GIV  
Legal and Finance,
Managing Director and Co-Founder
of Cary Street Partners
Financial LLC
Fotini E. Manolios
Jacqueline T. Williams
Former Managing
Vice President,
Head of Total Rewards,
Capital One Financial Corporation
Retired Director,
Ohio Department
of Commerce
Diana F. Cantor
245*
Partner
Alternative Investment
Management, LLC
Lennart R. Freeman 1 3 4
Arthur J. Schick, Jr. 2 3 5
Former President and
'LMIJ )\IGYXMZI 3  GIV 
North American Division,
Swedish Match AB
President
Alpha Sierra Global LLC
Thomas H. Johnson 1 4 * 5
Robert C. Sledd 2 * 4 5
'LMIJ )\IGYXMZI 3  GIV 
The Taffrail Group, LLC
Managing Partner
Sledd Properties, LLC
1
Executive Committee
2
Finance and Pension
Investment Committee
3
Audit Committee
4
Compensation and Human
Resources Committee
5
Nominating, Governance,
and Risk Committee
235
* Committee Chairman
Lead Independent
Director

Retiring from the Board
following the 2025 Annual
Meeting of Shareholders
OFFICERS Universal Corporation

Preston D. Wigner
Scott J. Bleicher
Wushuang Ma
Harvard B. Smith
Chairman, President and
'LMIJ )\IGYXMZI 3  GIV
Vice President and
Controller
Vice President and
Treasurer
Vice President and
'LMIJ 'SQTPMERGI 3  GIV
Airton L. Hentschke
Benjamin S. Dessart
J. Patrick O   Keefe
Nicholas Z. Smith
Senior Vice President and Chief
3TIVEXMRK 3  GIV
Vice President,
External Affairs
Vice President,
Ingredients
Vice President,
Internal Auditing
Johan C. Kroner
Steven S. Diel
E. Blair Powell
Senior Vice President and Chief
*MRERGMEP 3  GIV
Vice President,
Business Development
Senior Counsel
Catherine H. Claiborne
Beth Ann Luther
Jennifer S. Rowe
Vice President,
General Counsel and Secretary
Vice President,
Taxes
Assistant Treasurer

DIRECTORS Universal Leaf Tobacco Company, Inc. | Universal Global Ventures, Inc.
Preston D. Wigner
McKeen Starke
Rory E. Micklem
J. Patrick O   Keefe
Chairman, President and
'LMIJ )\IGYXMZI 3  GIV
Senior Vice President and
Sales Director
Managing Director,
Africa
Senior Vice President,
Universal Global Ventures, Inc.
Airton L. Hentschke
Cesar A. B  necker
Jonathan R. Wertheimer
Steven S. Diel
Executive Vice President and
'LMIJ 3TIVEXMRK 3  GIV
Managing Director,
South America
President, Socotab, L.L.C. and
Managing Director,
Europe
Director,
Universal Global Ventures, Inc.
Johan C. Kroner
Clayton G. Frazier
Richard G. Wood
Jeff Weidenaar
Executive Vice President and
'LMIJ *MRERGMEP 3  GIV
Managing Director,
North America
Managing Director,
Dark Air-Cured
President,
Silva International, Inc.
Catherine H. Claiborne
Marin Lluka
Gregory P. Robertson
Senior Vice President,
General Counsel and Secretary
Managing Director,
Asia
President,
Shank   s Extracts, LLC
Universal Leaf
Tobacco Company, Inc.
Universal Global Ventures, Inc.
3

6/30/2025 Letter Continued (Full PDF)

 

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