Overview Financials News + Filings IR Vault Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| New Zealand | 332.3 | 376.6 | 291.2 | 357.2 | 425.7 | 400.2 | 287.6 | 244.2 |
| United States | 576.8 | 733.0 | 568.0 | 354.4 | 390.4 | 419.4 | 528.3 | 324.6 |
| New Zealand Timber | 274.1 | 281.2 | 202.3 | 241.9 | 249.0 | 223.3 | 176.0 | 162.8 |
| Southern Timber | 264.2 | 204.4 | 191.8 | 194.1 | 170.0 | 144.5 | 151.2 | 157.8 |
| Total revenues | 907.8 | 1,108.4 | 858.5 | 711.6 | 816.1 | 819.6 | 814.9 | 568.8 |
| Revenue growth [+] | -18.1% | 29.1% | 20.7% | -12.8% | -0.4% | 0.6% | 43.3% | -5.8% |
| New Zealand | -11.8% | 29.3% | -18.5% | -16.1% | 6.4% | 39.2% | 17.7% | -14.6% |
| United States | -21.3% | 29.0% | 60.3% | -9.2% | -6.9% | -20.6% | 62.8% | 2.2% |
| New Zealand Timber | -2.5% | 39.0% | -16.4% | -2.9% | 11.5% | 26.8% | 8.1% | -10.8% |
| Southern Timber | 29.2% | 6.6% | -1.2% | 14.2% | 17.6% | -4.4% | -4.2% | 11.3% |
| Trading | -25.6% | 7.2% | -22.9% | -22.4% | -2.5% | 39.1% | 34.7% | -21.4% |
| Cost of goods sold | 688.3 | 796.1 | 712.4 | 558.4 | 605.3 | 568.3 | 526.4 | 441.7 |
| Gross profit | 219.5 | 312.3 | 146.1 | 153.2 | 210.9 | 251.3 | 288.4 | 127.1 |
| Gross margin | 24.2% | 28.2% | 17.0% | 21.5% | 25.8% | 30.7% | 35.4% | 22.3% |
| Selling, general and administrative | 55.0 | 43.7 | 72.3 | 41.6 | 42.0 | 40.2 | 42.8 | 45.8 |
| Equity in earnings | | | | | | | | |
| Other operating expenses | | | | 4.5 | -1.1 | -4.4 | -10.1 | 3.5 |
| EBITDA [+] | 320.2 | 517.1 | 274.2 | 235.3 | 314.2 | 343.1 | 370.9 | 191.5 |
| EBITDA growth | -38.1% | 88.6% | 16.5% | -25.1% | -8.4% | -7.5% | 93.7% | -14.5% |
| EBITDA margin | 35.3% | 46.7% | 31.9% | 33.1% | 38.5% | 41.9% | 45.5% | 33.7% |
| Depreciation and amortization | 155.7 | 248.5 | 200.4 | 128.2 | 144.1 | 127.6 | 115.1 | 113.7 |
| EBIT [+] | 164.5 | 268.6 | 73.8 | 107.0 | 170.1 | 215.5 | 255.8 | 77.8 |
| EBIT growth | -38.7% | 264.1% | -31.1% | -37.1% | -21.1% | -15.8% | 228.8% | -25.3% |
| EBIT margin | 18.1% | 24.2% | 8.6% | 15.0% | 20.8% | 26.3% | 31.4% | 13.7% |
| Interest expense | | | | 31.7 | 32.1 | 34.1 | 32.2 | 31.7 |
| Interest expense | | | | 31.7 | 32.1 | 34.1 | 32.2 | 31.7 |
| Other income (expense), net | -32.4 | -43.5 | -37.0 | 5.3 | 4.6 | 1.8 | -0.7 | -3.0 |
| Pre-tax income | 132.2 | 225.1 | 36.8 | 80.6 | 142.6 | 183.3 | 222.8 | 43.1 |
| Income taxes | 9.4 | 14.7 | 7.0 | 12.9 | 25.2 | 21.7 | 5.1 | -0.9 |
| Tax rate | 7.1% | 6.5% | 19.0% | 16.1% | 17.7% | 11.8% | 2.3% | |
| Minority interest | | | | | | 12.7 | 5.8 | -2.2 |
| Net income | 107.1 | 152.6 | 37.1 | 67.7 | 117.3 | 148.8 | 212.0 | 46.2 |
| Net margin | 11.8% | 13.8% | 4.3% | 9.5% | 14.4% | 18.2% | 26.0% | 8.1% |
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| Basic EPS [+] | $0.73 | $1.08 | $0.28 | $0.52 | $0.91 | $1.17 | $1.73 | $0.37 |
| Growth | -32.4% | 291.1% | -47.1% | -42.4% | -22.2% | -32.4% | 369.6% | -16.8% |
| Diluted EPS [+] | $0.71 | $1.05 | $0.27 | $0.52 | $0.90 | $1.16 | $1.73 | $0.37 |
| Growth | -32.1% | 287.7% | -48.1% | -42.3% | -22.3% | -32.5% | 370.7% | -14.1% |
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| Dividends per share [+] | $1.13 | $1.08 | $1.08 | $1.08 | $1.06 | $1.00 | $1.00 | $1.00 |
| Growth | 4.2% | 0.0% | 0.0% | 1.9% | 6.0% | 0.0% | 0.0% | -50.7% |
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| Shares outstanding (basic) [+] | 146.2 | 140.8 | 133.9 | 129.3 | 129.0 | 127.4 | 122.6 | 125.4 |
| Growth | 3.8% | 5.2% | 3.6% | 0.2% | 1.3% | 3.9% | -2.2% | -0.8% |
| Shares outstanding (diluted) [+] | 150.2 | 145.3 | 136.9 | 129.6 | 129.7 | 127.8 | 122.8 | 125.9 |
| Growth | 3.3% | 6.1% | 5.7% | -0.1% | 1.5% | 4.1% | -2.5% | -3.9% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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