| Business Summary | | Universal
Corporation,
together
with
its
subsidiaries,
is
an
independent
leaf
tobacco
merchant
and
has
additional
operations
in
agri-products
and
the
distribution
of
lumber
and
building
products.
Universal's
tobacco
operations
have
been
the
principal
focus
of
the
Company
since
its
founding
in
1918,
and
for
the
fiscal
year
ended
June
30,
2000,
tobacco
operations
accounted
for
70%
of
revenues
and
85%
of
segment
operating
income.
Universal's
agri-products
and
lumber
and
building
products
operations
accounted
for
14%
and
16%
of
revenues
and
5%
and
10%
of
operating
profits,
respectively,
during
the
same
period.
Universal's
tobacco
business
involves
selecting,
buying,
shipping,
processing,
packing,
storing
and
financing
leaf
tobacco
in
the
United
States
and
other
tobacco-growing
countries
for
the
account
of,
or
for
resale
to,
manufacturers
of
tobacco
products
throughout
the
world.
Universal
does
not
manufacture
cigarettes
or
other
consumer
tobacco
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Universal
Corporation
is
an
independent
leaf
tobacco
merchant
and
has
additional
operations
in
agri-products
and
the
distribution
of
lumber
and
building
products.
For
the
fiscal
year
ended
6/30/01,
revenues
declined
11%
to
$3.02
billion.
Net
income
fell
1%
to
$112.7
million.
Revenues
reflect
smaller
U.S
crops
and
manufacturers
contracting
directly
with
domestic
farmers.
Net
income
reflects
an
increase
in
interest
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
615,584;
after
tax
earnings
were
23,975. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Henry Harrell, 61 Chairman,
CEO | $1.5M | $342K | Allen King, 54 Pres,
COO | 1.2M | 265K | Hartwell Roper, 52 VP,
CFO | 516K | 149K | J.M. White, III, 61 VP,
Gen. Counsel, Sec. | -- | -- | William Taylor, 59 CAO,
VP | 706K | 164K | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|