Pyxus International announced a 35.2% year-over-year increase in Q4 net sales to $678.2 million, driven by higher leaf sales volumes in Africa and North America. The company achieved record full-year adjusted EBITDA of $226.7 million and improved its leverage ratio to a multi-year low of 3.52x. Despite a slight annual sales decline due to lower prices and product mix, Pyxus increased operating income to $162.7 million and net income to $14.6 million. Looking ahead to fiscal 2027, Pyxus expects steady demand, sales between $2.3 billion and $2.5 billion, and adjusted EBITDA of $210 million to $240 million, supported by disciplined operations and improved working capital.
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ERock, Inc. received a buy rating due to its innovative modular natural-gas power systems that help data centers avoid long waits for permanent grid power. The company has a strong $1.3 billion backlog supported by customer deposits, providing clear ...
