If yesterday wasn't busy enough for reporting on the ASX, today turned the dial up a notch. Results from some of the biggest companies on the ASX were met with mixed reactions.
We'll quickly unpack today's results and then wrap it back up for tomorrow:
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Those that delivered today
BHP Group Ltd (ASX: BHP)
Shares in BHP sank a substantial 7.1% after the company revealed its FY21 full-year results. Despite earnings that were on par with expectations and a better dividend to boot, the mining giant had its worst session since May 2020. Investors might not have looked too fondly on the confirmed merger with Woodside.
The takeaway points:
- Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) up 69% to US$37,379 million
- Underlying attributable profit increased 88% to US$17,077 million
- Net operating cash flow up 73% to US$27,234 million
- Underlying earnings per share of 337.7 US cents
- Record fully franked final dividend of 200 US cents per share, bringing full year dividend to 301 US cents, up 151% year on year.
- BHP and Woodside Petroleum Limited (ASX: WPL) strike merger deal
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price, on the other hand, had a cracking day after reporting its FY21 results on the ASX. A record number of new stores helped achieve a massive 29% increase in earnings for the company. It seems home-delivered pizzas were the food of choice throughout lockdowns.
The takeaway points:
- Network sales increased 14.6% year-on-year (YoY) to $3.74 billion;
- Online sales grew 21.5% YoY, contributing $2.93 billion;
- Underlying earnings Before Interest and Tax (EBIT) jumped 27.2% YoY to $293 million;
- Net profit after tax (NPAT) surged 29.2% YoY to $188.2 million;
- Earnings Per Share (EPS) rocketed 28.7% YoY to 217.6 cents per share; and
- Final dividend lifted to 85.1 cents per share, bringing the total dividend for FY21 to 173.5 cents per share, up 45.4% YoY.
CSL Limited (ASX: CSL)
While CSL delivered a solid FY21 result by all accounts, the warning of a hit to profits during a 'transitional' phase in FY22 appears to have rattled investors on Wednesday. The biotech giant's shares shaved off 1.47% to $293.56 by the end of the session.
The takeaway points:
- Total revenue increased 9.6% in constant currency to US$10,026 million
- Gross profit up 9% to US$5,675 million
- Net profit after tax up 10% to US$2,307 million (compared to guidance of 3% to 8% growth)
- Full year dividend of US$2.22 per share, up 10% year on year
- FY 2022 guidance: Net profit to decline 2.5% to 6.8% in constant currency or 5% to 9% on reported profits.
ASX shares reporting tomorrow
Tomorrow is set to be another busy one on the ASX for reporting. Some of the big-name companies set to release their financials include Evolution Mining Ltd (ASX: EVN), Treasury Wine Estates Ltd (ASX: TWE), Newcrest Mining Ltd (ASX: NCM), Origin Energy Ltd (ASX: ORG), and Redbubble Ltd (ASX: RBL).
To see the full line-up check out our ASX Reporting Season Calendar.
