Significant Revenue Growth
Revenues for the third quarter were $778 million, a 47% increase compared to the same period last year, driven by a 20% increase in average sales price and a 24% increase in volumes sold.
Increased EBITDA Guidance
The company increased its full-year adjusted EBITDA guidance to a range of $205 million to $215 million, reflecting confidence in sustained performance.
Sustainability Achievements
Reduction of indirect emissions by 16% since fiscal 2021, equivalent to more than 155 million pounds of coal burnt.
Strong Cash Flow and Inventory Management
Generated $144 million of adjusted free cash flow and reduced total processed tobacco inventory level to $603 million from $659 million in the prior year.