Duratex S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 07:15 pm EDT
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Duratex S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was BRL 1,768.126 million compared to BRL 1,161.588 million a year ago. Operating income was BRL 289.159 million compared to BRL 125.652 million a year ago. Net income was BRL 172.699 million compared to BRL 51.991 million 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.