Steel & Tube Holdings Ltd 2024 AR2
The report highlights Steel & Tube Holdings Limited's performance for the fiscal year ended June 30, 2024, demonstrating resilience in a challenging economic environment. Despite a 21.1% reduction in volumes and an 18.7% decrease in revenue to $479.1 million, the company improved its gross margin to $901 per tonne through pricing discipline and a shift toward high-value products. Key achievements include completing a $5 million cost-out program, maintaining a strong balance sheet with zero bank debt, and achieving a record zero employee total recordable injury frequency rate (TRIFR). Additionally, the company expanded its high-value offerings through strategic acquisitions and prepared for its first climate-related disclosures under New Zealand standards.
Company: Steel & Tube Holdings Ltd
Sector: Manufacturing
Country: New Zealand
Year: 2024
Type: AR2
Pages: 96
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Steel & Tube Holdings Ltd
Annual Report
The report highlights Steel & Tube Holdings Limited's performance for the fiscal year ended June 30, 2024, demonstrating resilience in a challenging economic environment. Despite a 21.1% reduction in volumes and an 18.7% decrease in revenue to $479.1 million, the company improved its gross margin to $901 per tonne through pricing discipline and a shift toward high-value products. Key achievements include completing a $5 million cost-out program, maintaining a strong balance sheet with zero bank debt, and achieving a record zero employee total recordable injury frequency rate (TRIFR). Additionally, the company expanded its high-value offerings through strategic acquisitions and prepared for its first climate-related disclosures under New Zealand standards.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
Published
Aug 23, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees