Dexco S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was BRL 157.66 million compared to BRL 169.1 million a year ago. Basic earnings per share from continuing operations was BRL 0.1875 compared to BRL 0.2096 a year ago. Diluted earnings per share from continuing operations was BRL 0.187 compared to BRL 0.2087 a year ago.
For the six months, net income was BRL 305.31 million compared to BRL 392.69 million a year ago. Basic earnings per share from continuing operations was BRL 0.3778 compared to BRL 0.4834 a year ago. Diluted earnings per share from continuing operations was BRL 0.3767 compared to BRL 0.4812 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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