Universal Corporation UVV GERMANY — Asset, Impairment Loss
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Where this comes from
Reported directly by Universal Corporation in its filing.
Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.
The source filing: Universal Corporation’s 10-K, filed June 1, 2026.
- Filed
- Jun 1, 2026, 4:20 PM EDT
- Fiscal year
- FY2026
- Accession
- 0001628280-26-039511
As discussed in Note 3, during fiscal year 2025, the Company initiated a plan to consolidate the European Sheet tobacco operations into the Company’s facility in the Netherlands. The Company is in the process of winding down its operations in Germany, resulting in an impairment charge of $4.9 million for the long-lived assets for the fiscal year ended March 31, 2025, to reduce their carrying value to fair value. The long-lived assets primarily consist of a processing facility, machinery and equipment, and administrative offices. As part of the wind-down, the Company also recognized other impairment charges associated with inventory, certain accounts receivable and other assets in fiscal year 2025. After reassessing the fair value of the
Item 8. Financial Statements and Supplementary Data
FAQ
- What is Universal Corporation's GERMANY — asset, impairment loss?
- Universal Corporation (UVV) reported GERMANY — asset, impairment loss of $250K in Q1 2026.
- How has Universal Corporation's GERMANY — asset, impairment loss changed year-over-year?
- Universal Corporation's GERMANY — asset, impairment loss decreased by 94.9% year-over-year, from $4.9M to $250K.
- What does GERMANY — asset, impairment loss mean?
- This metric represents the non-cash charge recognized when the carrying value of long-lived assets within the German geographic segment exceeds their recoverable amount. It serves as an indicator of potential asset underperformance, changes in market conditions, or shifts in the strategic viability of operations in this specific region. Investors monitor this to assess the quality of regional asset management and the risk of future write-downs.
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