Screening ASX listed companies, to identify potential growth companies brings out below mentioned xompanies to the fore.
Nuix Limited (ASX: NXL)
Nuix Limited (ASX: NXL) reported strong growth in FY24, with key highlights including a 14% increase in Annualized Contract Value (ACV) to $211.5 million, and a 20.9% rise in statutory revenue to $220.6 million. The company successfully launched its unified platform, Nuix Neo, contributing $12.1 million to ACV, and achieved a significant 38.7% increase in underlying EBITDA to $64.4 million. Nuix’s strategic focus on innovation and customer-centric solutions drove growth, with strong sales in new products like Rampiva and Advantage. The company also achieved positive underlying cash flow of $24.7 million, a 171% improvement. Looking ahead to FY25, Nuix targets ~15% ACV growth in constant currency, continued Nuix Neo rollout, revenue growth exceeding operating costs, and positive underlying cash flow for the full year. The company expects growth to be weighted toward the second half of FY25.
James Hardie Industries (ASX: JHX)
James Hardie Industries (ASX: JHX) reported its second-quarter results for the period ending September 30, 2024, demonstrating a solid performance despite a slight decline in key metrics. The company generated $961 million in net sales, down 4% year-over-year, and Adjusted EBITDA of $263 million, reflecting an 8% decrease. However, Adjusted EBITDA margin remained relatively strong at 27.4%, though it contracted by 120 basis points. GAAP operating income reached $152 million, with a 15.9% operating margin, while GAAP net income totaled $83 million, or $0.19 per diluted share. Adjusted net income was $157 million, down 12%, with Adjusted diluted EPS of $0.36, reflecting an 11% decrease. Despite these declines, the company emphasized the resilience of its value proposition, strong margins, and robust cash flow, which continue to fund its capital priorities. The company remains focused on scaling its operations and investing in organic growth as market conditions recover.
ResMed Inc. (ASX: RMD)
ResMed Inc. (ASX: RMD) reported strong results for the quarter ending September 30, 2024, with revenue growing by 11% to $1.2 billion, also up 11% on a constant currency basis. Gross margin improved by 420 basis points to 58.6%, while non-GAAP gross margin increased 320 basis points to 59.2%. Income from operations rose 34%, and non-GAAP income from operations grew 27%. The company generated $326 million in operating cash flow and reported diluted earnings per share (EPS) of $2.11, with non-GAAP diluted EPS of $2.20. The results reflect robust momentum and operational efficiency across the business. ResMed’s 2030 strategy, which focuses on enhancing its leadership in connected digital health, aims to transform sleep and breathing health while expanding access to therapies globally. This positions the company to continue driving growth and improving healthcare outcomes for a larger global patient base.
Austin Engineering Limited (ASX: ANG)
Austin Engineering Limited (ASX: ANG) reported a strong financial performance for FY24, with a 21% increase in revenue to $313.2 million, a 48.9% rise in underlying EBITDA to $46.6 million, and a 71.3% growth in underlying NPAT to $31 million. The company’s Austin 2.0 strategy, including the AustBuy bulk procurement program, has driven cost management, customer focus, and operational efficiencies, leading to a 30% increase in its order book. Key segments, particularly tray and bucket products, saw strong growth, with bucket sales increasing by 43% in Australia and the export of high-value products to the US. Austin Chile secured $35 million in new orders for truck trays, significantly boosting its revenue outlook. The company also experienced strong demand in its Chile and Peru operations, driven by copper mining growth. Austin expects continued growth in FY25, with guidance for revenue of approximately $350 million and underlying EBIT of $50 million.
SKS Technologies Group Limited (ASX: SKS)
SKS Technologies Group Limited (ASX: SKS) has experienced significant growth, with a 63.7% increase in revenue from $83.27 million in FY23 to $136.31 million in FY24. This marks its fourth consecutive year of revenue growth, driven by successful expansion into the Australian data centre market and strong performance in other sectors. The Jinks family, major shareholders, sold 3 million shares to improve liquidity and attract more investors, with a commitment to no further sales until FY25 financial results are released. The company has robust cash flow, with a cash balance of $17.32 million in November 2024. SKS is confident in achieving FY25 revenue guidance of $260 million, focusing on organic growth, particularly in data centres, while maintaining strong customer relationships and effective margin management. The company is well-positioned with a blue-chip client base, strong operational platforms, and access to financing to sustain its growth trajectory.
Source: Company’s Report
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