Dexco S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 1,948.68 million compared to BRL 1,980.44 million a year ago. Net income was BRL 195.43 million compared to BRL 217.87 million a year ago. Basic earnings per share from continuing operations was BRL 0.2314 compared to BRL 0.251 a year ago.
For the full year, net income was BRL 789.6 million compared to BRL 755.86 million a year ago. Basic earnings per share from continuing operations was BRL 0.9772 compared to BRL 0.9253 a year ago. Diluted earnings per share from continuing operations was BRL 0.9742 compared to BRL 0.9222 a year ago.
Dexco SA, formerly known as Duratex SA, is a Brazil-based company primarily engaged in the manufacture of wood panels. The Company operates in three business segments: Wood, Deca and Ceramic Tiles. The Wood division is responsible for the production of hardboard; medium density particle (MDP) panels; medium, high and super density fiberboard (MDF, HDF and SDF) panels; laminate flooring, named Durafloor, and components for the furniture industry. The Deca division focuses on the production of sanitary ceramic and metal products under Deca and Hydra brand names. The Ceramic Tiles division produces polished porcelain tiles, special coatings and other tiles under Ceusa and Portinari brand names. The Company operates industrial plants and commercial branches in Brazil, Colombia, Peru and the United States, among others.
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