Financial Results and Outlook
Financial Results
(By Fiscal Year)
In millions
Revenues
EBITDA²
Operating income
Net income³
Operating Margin
FY 20191
FY 20201
FY 20211
FY 20221
FY 20231
$2,227
$1,910
$1,983
$2,104
$2,570
$204
$169
$195
$219
$241
$161
$126
$148
$160
$181
$104
$72
$87
$87
$124
7.2%
6.6%
7.5%
7.6%
7.0%
2019
SG&A as a % of Sales
10.1%
2019
2020
2021
2022
2023
11.7%
11.1%
11.4%
10.8%
2020
2021
2022
2023
1 Results include the net effect of unusual items. See Appendix for details.
2 Non-GAAP measure. Please see Appendix
3 Attributable to Universal Corporation. Universal holds less than 100% financial interest in certain consolidated subsidiaries, and a portion of net income is
attributable to the non- controlling interests in those subsidiaries.
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