The ASX reporting wrap-up: BHP Group, Domino’s, CSL

Just what the investor ordered. Here’s a recap of the companies that reported on Wednesday…

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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:

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:

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.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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