Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Segment and Geographic Information (Tables)

v3.25.1
Segment and Geographic Information (Tables)
 12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of Operating Segments
The following is the Company’s segment information: 
  Operating Income
(Millions of US dollars) North America
Fiber Cement		 Asia Pacific
Fiber Cement		 Europe Building
Products		 Total
For the year ended 31 March 2025
Net sales $ 2,863.3  $ 519.9  $ 494.3  $ 3,877.5 
Cost of goods sold 1,721.4  301.2  349.9  2,372.5 
Gross profit 1,141.9  218.7  144.4  1,505.0 
Selling, general and administrative expenses 291.7  56.0  104.0  451.7 
Restructuring expenses —  50.3  —  50.3 
Other expenses 1
9.3  1.4  2.4  13.1 
Segment operating income $ 840.9  $ 111.0  $ 38.0  $ 989.9 
Reconciliation to consolidated operating income  
Less: General Corporate 2 and Unallocated R&D costs
(334.0)
Consolidated operating income $ 655.9 
For the year ended 31 March 2024
Net sales $ 2,891.4  $ 562.8  $ 482.1  $ 3,936.3 
Cost of goods sold 1,674.8  335.4  337.7  2,347.9 
Gross profit 1,216.6  227.4  144.4  1,588.4 
Selling, general and administrative expenses 287.1  60.0  96.1  443.2 
Other expenses 1
8.4  1.3  3.3  13.0 
Segment operating income $ 921.1  $ 166.1  $ 45.0  $ 1,132.2 
Reconciliation to consolidated operating income
Less: General Corporate and Unallocated R&D costs (364.8)
Consolidated operating income $ 767.4 
For the year ended 31 March 2023
Net sales $ 2,787.6  $ 539.2  $ 450.3  $ 3,777.1 
Cost of goods sold 1,781.8  338.9  344.4  2,465.1 
Gross profit 1,005.8  200.3  105.9  1,312.0 
Selling, general and administrative expenses 232.8  56.2  77.7  366.7 
Other expenses 1
5.5  1.3  1.7  8.5 
Segment operating income $ 767.5  $ 142.8  $ 26.5  $ 936.8 
Reconciliation to consolidated operating income
Less: General Corporate and Unallocated R&D costs (195.4)
Consolidated operating income $ 741.4 
____________
1.Other expenses represent R&D costs allocated to the segments.
2.Includes merger costs.
Depreciation and Amortization
Years ended 31 March
(Millions of US dollars) 2025 2024 2023
North America Fiber Cement $ 160.7  $ 133.8  $ 126.1 
Asia Pacific Fiber Cement 19.2  17.0  14.7 
Europe Building Products 32.4  29.7  28.0 
General Corporate and R&D 3.9  4.5  3.8 
Total $ 216.2  $ 185.0  $ 172.6 

Capital Expenditures
Years ended 31 March
(Millions of US dollars) 2025 2024 2023
North America Fiber Cement $ 287.2  $ 298.1  $ 392.0 
Asia Pacific Fiber Cement 53.1  47.8  136.2 
Europe Building Products 74.3  89.7  57.8 
General Corporate and R&D 7.6  13.7  5.3 
Total $ 422.2  $ 449.3  $ 591.3 
Summary of Geographical Information
The following is the Company’s geographical information:
 
Net Sales
Years Ended 31 March
(Millions of US dollars) 2025 2024 2023
United States of America $ 2,707.2  $ 2,743.7  $ 2,641.4 
Australia 401.1  403.8  380.9 
Canada 156.1  147.7  146.2 
Germany 142.9  140.5  137.8 
New Zealand 92.6  87.7  88.1 
Other Countries 1
377.6  412.9  382.7 
Total $ 3,877.5  $ 3,936.3  $ 3,777.1 

Long-Lived Assets
31 March
(Millions of US dollars) 2025 2024
United States of America $ 1,627.7  $ 1,512.4 
Australia 231.9  220.1 
Germany 143.2  133.3 
Spain 187.1  148.7 
Other Countries 2
52.2  87.2 
Total 3
$ 2,242.1  $ 2,101.7 
____________
1Included are all other countries that account for less than 5% of net sales individually, primarily in Great Britain, Switzerland, the Netherlands, the Philippines and other European countries.
2Included are all other countries that account for less than 5% of long-lived assets individually, primarily in the Netherlands and Great Britain.
3Long-lived assets include Property, plant and equipment and ROU assets.