At the time of writing, the stock was down 2.64% to $30.97 a share.
What did the company report?
- Revenue up 11.4% to $697.3 million
- Profit after tax up 8.1% to $122 million
- Earnings per share (EPS) up 6.7% to 149.4 cents
- Dividend per share up 4.4% to 71 cents total for the year
- Final dividend is 32 cents fully franked
What else happened in FY22?
The biggest event for ARB was Andrew Brown stepping down as the company's chief executive and transitioning into a managing director role.
A few days after the financial year ended, Lachlan McCann was promoted internally to fill the chief executive position.
What did management say?
Brown, as chair, said:
ARB's cash reserves of $52.7 million and no debt as at 30 June 2022 ensure the company is well placed to continue investing in people, new products, property, distribution networks, machinery and businesses to facilitate ongoing growth.
Citing "a very challenging and uncertain global environment", no guidance was provided for the current financial year.
However, Brown said:
The board remains positive and expects that the company should benefit by the end of calendar 2022 from recent new vehicle models, a strong customer order book sitting well above historical levels, a number of all-new products due for imminent release, healthy demand for the company's products around the world and the prospect of increasing supply of new vehicles to the market.
The board remains focussed on the long-term growth of the Company as it develops and pursues a number of exciting opportunities, some of which have already been announced to the market. These include further growth in export markets and overseas opportunities, new products, improved distribution and increased manufacturing capacity.
ARB share price snapshot
The ARB share price has lost more than 42% so far this year. However, it has rallied 23.3% since 17 June.
The dividend yield stands at 2.23% after the final dividend was announced Tuesday morning.