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    James Hardie Achieves Strong Third Quarter FY25 Results Providing Confidence to Reaffirm FY25 Guidance and FY26 Growth Plans

    2/18/25 5:00:00 PM ET
    $JHX
    Building Materials
    Industrials
    Get the next $JHX alert in real time by email

    Q3 FY25 GAAP Operating Income of $206 million

    Q3 FY25 Adjusted EBITDA of $262 million and Adjusted EBITDA Margin of 27.5%

    Average Net Sales Price Growth Across All Regions

    Reaffirms 2H and FY25 Guidance for North America Volume and EBIT Margin, Total Adjusted Net Income

    Planning for Growth and Margin Expansion Across Regions for FY26

    James Hardie Industries plc (ASX / NYSE:JHX) ("James Hardie" or the "Company"), a leader in providing high performance, low maintenance building products and solutions, and a company inspiring how communities design build and grow, today announced results for its third quarter ending December 31, 2024. Speaking to the results, Aaron Erter, CEO said, "We delivered strong business and financial results in the third quarter, and our year-to-date performance shows that we have a strong handle on our business as we continue to scale the organization and invest to grow profitably. Our teams are focused on safely delivering the highest quality products, solutions and services to our customers, and we are executing on our strategy to outperform our end-markets."

    Mr. Erter continued, "We are winning by partnering with our customers, contractors and homeowners, and this success propels our organization forward and fuels my optimism around the future of James Hardie. We have the strongest team in the industry and the right strategy to go after our material conversion opportunity. In our North American business, our results to date represent a double-digit five-year sales CAGR leading to more than +400bps of Adjusted EBITDA margin expansion, a clear demonstration of the inherent strength of our unique value proposition and the underlying momentum in our strategy."

    Rachel Wilson, CFO said, "Our strong margins underpin our cash flow, and we are funding our capital priorities with cash generated by our operations. In response to current market conditions, we have demonstrated a balanced approach between cost discipline and funding growth. This has positioned us well to accelerate our outperformance, invest in growth and execute on our capital allocation framework."

    Third Quarter Highlights

    • Net Sales of $953 million, down (3%)
    • GAAP Operating income of $206 million; GAAP Operating margin of 21.6%; GAAP Net income of $142 million; and GAAP Diluted EPS of $0.33
    • Adjusted EBITDA of $262 million, down (7%) with Adjusted EBITDA margin of 27.5%, down (120bps)
    • Adjusted Net Income of $154 million, down (15%)
    • Adjusted Diluted EPS of $0.36, down (13%)

    Segment Business Update and Results

    North America Fiber Cement

    In North America, the Company is outperforming its end markets through a superior total value proposition and driving leading margins despite raw material headwinds. Supportive housing fundamentals and significant material conversion opportunity drive the team's focus on preparing the North America manufacturing footprint for market recovery. The Company is investing across the value chain and growing its contractor base to capture the repair & remodel opportunity. Similarly, in new construction, efforts to deepen exclusivity and increase trim attachment rates support growth and share gain with large homebuilders including recently signing two national, multi-year exclusive hard siding and trim agreements with M/I Homes and David Weekley Homes, who are among the largest homebuilders in the US. During the quarter and comparing against record results in the prior year, net sales decreased (1%). Volumes declined (3%) due to continued market weakness, particularly in multi-family, partially offset by company specific efforts to gain share in single-family new construction and repair & remodel. Sales also benefited from a higher average net sales price, resulting from the January 2024 price increase. Volume of Exterior products declined low single-digits year-over-year, but rose +5% sequentially. Volume of Interior products declined mid single-digits on both a year-over-year and sequential basis. EBIT margin decreased (360bps) to 29.1%, due to higher pulp and cement costs as well as unfavorable production cost absorption, partially offset by Hardie Operating System (HOS) savings. Startup costs were also higher in the quarter, related to our Prattville facility. Excluding depreciation and amortization expense, which rose +23% to $41 million, EBITDA declined (8%) to $251 million with EBITDA margin of 34.8%, a decrease of (250bps) attributable to similar drivers of EBIT margin.

    Asia Pacific Fiber Cement

    In Australia & New Zealand, the Company is increasing share through new customer acquisitions and project conversion enabled by customer integration. The Company is influencing how homeowners build, and driving growth through Co-Creation and leveraging the James Hardie brand. The teams are innovating to accelerate material conversion with a key focus on new construction, specifically the conversion of brick & masonry. Overall, while market demand remains challenged, the Asia Pacific team is focused on finding further efficiencies and driving HOS savings to underpin the segment's consistent profitability. During the quarter, net sales decreased (13%) in Australian dollars, due to lower volumes of (28%) partially offset by a higher average net sales price of +20%. The decline in volumes and the increase in average net sales price was primarily attributable to our decision to cease manufacturing and wind down commercial operations in the Philippines. Australia & New Zealand together saw a low single-digit decrease in volume and a slight increase in average net sales price, leading to relatively flat net sales. EBIT margin rose +180bps to 29.3%, primarily attributable to the Philippines decision. Margins also rose modestly in Australia & New Zealand, due primarily to slightly positive average net sales price and HOS savings. Excluding depreciation and amortization expense, which increased +17% to $5 million, EBITDA declined (3%) to $40 million with EBITDA margin of 33.5%, an increase of +290bps attributable to the Philippines decision.

    Europe Building Products

    Markets across Europe remain challenged, particularly in Germany where improvement is anticipated to be more gradual, while in the UK, the Company is well-positioned to capture potential improvement in residential construction. Growth in high-value products remains a strategic priority, as leveraging a broader and deeper product portfolio should accelerate share gains and customer wins. Highlighting the strength of our offering, earlier this fiscal year Hardie® Architectural Panel received the prestigious iF Design Award, recognizing our unwavering commitment to creating products that seamlessly blend form and function. During the quarter, net sales declined (1%) in Euros, including a (4%) impact related to a favorable customer rebate true-up in the prior year, partially offset by a higher average net sales price of +4%, driven by a price increase earlier this fiscal year. EBIT margin decreased (340bps) to 3.1%, although profitability improved, when excluding the unfavorable comparison created by the prior year customer rebate true-up. Excluding depreciation and amortization expense, which rose +9% to $8 million, EBITDA declined (22%) to $12 million with EBITDA margin of 10.3%, a (260bps) decrease similarly explained by the customer rebate true-up impact.

    Market Outlook and Guidance, Planning Assumptions and Long-Term Aspirations

    Full Year FY25 Market Outlook and Guidance

    Speaking to the Company's market outlook, Mr. Erter said, "With our fiscal year drawing to a close, I reflect with pride on the resilience our teams have shown throughout FY25. The opportunity in the years to come is substantial, and the investments we have made throughout the year are foundational enablers of scale and critical accelerators of our future growth. But this year is not over, and our business leaders remain focused on finishing strong to cement a strong foundation for the coming years. Our market demand expectations have not changed, but importantly, neither has our commitment to outperforming our end markets and managing the business decisively to sustain our peer-leading profitability."

    Ms. Wilson added with respect to financial guidance, "Despite challenging end markets and raw material headwinds, we remain well-positioned to deliver volumes within our original guidance range. Our Hardie Operating System initiatives, together with efforts to rationalize and prioritize expenses have helped mitigate uncontrollable headwinds to margins. We delivered a solid third quarter, which gives us increased confidence in reiterating both our second half and full fiscal year guidance across each of our operating metrics."

    • North America Volumes: At least 2.95 billion standard feet (unchanged)
    • North America EBIT Margin: At least 29.3% (unchanged)
    • Adjusted Net Income: At least $635 million (unchanged)
    • Capital Expenditures: ~$420 million (prev. $420 million to $440 million)

    Full Year FY26 Planning Assumptions

    Ms. Wilson added with respect to FY26 planning assumptions, "We are committed to driving profitable growth in our operating businesses, and it is imperative that we are aligned as an organization around making decisions that drive cash generation, which funds our growth investments and capital return priorities. We have built our near-, medium- and long-term plans around this organizational imperative, and to maintain alignment between how we communicate externally and how we run our business, we plan to provide guidance for sales and EBITDA beginning with FY26, in lieu of volume, EBIT and net income. To assist in this transition and to reinforce our commitment to also growing EBIT and net income, we are sharing additional non-cash and non-operating modeling assumptions."

    • Total Depreciation & Amortization Expense: ~$225mm vs. ~$210mm in FY25
    • Interest Expense: ~$60mm vs. ~$62mm in FY25
    • Capitalized Interest: ~($20mm) vs. ~($20mm) in FY25
    • Adjusted Effective Tax Rate: Relatively Flat vs. 23.0 to 24.0% in FY25

    Note: Assumptions are subject to change, but reflect current in-service fixed assets, debt balances and market interest rates.

    Mr. Erter concluded by saying, "Thanks to the hard work of our teams, and our decision to boldly continue investing through the softer environment, we are set up to sustain our leading position in the industry and accelerate our outperformance as markets recover. We continue to plan for recovery and growth in both repair & remodel and new construction. Our teams continuously evolve our plans to deliver sustained market outperformance and capture the value that our products demand in the marketplace. While it is still too early to quantify our expected results for FY26, we are planning for sales growth and Adjusted EBITDA margin expansion across each of our segments, and for the company as a whole."

    Cash Flow, Capital Investment & Allocation

    Operating cash flow totaled $657 million during the nine months of FY25, driven by $734 million of net income, adjusted for non-cash items, and lower working capital of $50 million, partially offset by $88 million of asbestos claims paid. Capital expenditures were $333 million.

    During the nine months of FY25, the Company invested $134 million related to capacity expansion, with key milestones including commencement of production at the Company's Westfield, Massachusetts ColorPlus® facility in April, as well as the Company's Prattville Alabama facility, specifically on Sheet Machine 3 in September. Throughout the remainder of FY25, the Company plans to continue construction of Sheet Machine 4 and ColorPlus® finishing capacity, both at Prattville, Alabama, continue the ongoing brownfield expansion in Orejo, Spain, and further its planning for previously announced brownfield and greenfield capacity in North America.

    During the nine months of FY25, the Company repurchased 4.5 million shares for a total of $150 million, completing the previously-announced repurchase program. In November, the Company's Board of Directors approved a new repurchase program, under which the Company is authorized to purchase up to $300 million of shares through October of 2025.

    Key Financial Information

     

    Q3 FY25

    Q3 FY24

    Change

    Q3 FY25

    Q3 FY24

    Change

     

     

     

     

     

     

     

    Group

    (US$ millions)

     

     

     

    Net Sales

    953.3

    978.3

    (3%)

     

     

     

    EBIT

    206.1

    226.1

    (9%)

     

     

     

    Adjusted EBIT

    207.0

    234.1

    (12%)

     

     

     

    EBIT Margin (%)

    21.6

    23.1

    (1.5 pts)

     

     

     

    Adjusted EBIT Margin (%)

    21.7

    23.9

    (2.2 pts)

     

     

     

    Adjusted EBITDA

    262.1

    280.4

    (7%)

     

     

     

    Adjusted EBITDA Margin (%)

    27.5

    28.7

    (1.2 pts)

     

     

     

    Net Income

    141.7

    145.1

    (2%)

     

     

     

    Adjusted Net Income

    153.6

    179.9

    (15%)

     

     

     

    Diluted EPS - US$ per share

    0.33

    0.33

    —%

     

     

     

    Adjusted Diluted EPS - US$ per share

    0.36

    0.41

    (13%)

     

     

     

     

     

     

     

     

     

     

    North America Fiber Cement

    (US$ millions)

     

     

     

    Net Sales

    719.3

    727.0

    (1%)

     

     

     

    EBIT

    209.3

    237.8

    (12%)

     

     

     

    EBIT Margin (%)

    29.1

    32.7

    (3.6 pts)

     

     

     

    EBITDA

    250.5

    271.3

    (8%)

     

     

     

    EBITDA Margin (%)

    34.8

    37.3

    (2.5 pts)

     

     

     

     

     

     

     

     

     

     

    Asia Pacific Fiber Cement

    (US$ millions)

    (A$ millions)

    Net Sales

    118.1

    133.8

    (12%)

    180.1

    206.3

    (13%)

    EBIT

    34.8

    36.7

    (5%)

    52.8

    56.7

    (7%)

    Adjusted EBIT

    34.8

    36.7

    (5%)

    52.8

    56.7

    (7%)

    EBIT Margin (%)

    29.3

    27.5

    1.8 pts

    29.3

    27.5

    1.8 pts

    Adjusted EBIT Margin (%)

    29.3

    27.5

    1.8 pts

    29.3

    27.5

    1.8 pts

    Adjusted EBITDA

    39.7

    40.9

    (3%)

    60.3

    63.2

    (5%)

    Adjusted EBITDA Margin (%)

    33.5

    30.6

    2.9 pts

    33.5

    30.6

    2.9 pts

     

     

     

     

     

     

     

    Europe Building Products

    (US$ millions)

    (€ millions)

    Net Sales

    115.9

    117.5

    (1%)

    108.6

    109.3

    (1%)

    EBIT

    3.6

    7.6

    (53%)

    3.4

    7.1

    (52%)

    EBIT Margin (%)

    3.1

    6.5

    (3.4 pts)

    3.1

    6.5

    (3.4 pts)

    EBITDA

    11.9

    15.2

    (22%)

    11.2

    14.1

    (21%)

    EBITDA Margin (%)

    10.3

    12.9

    (2.6 pts)

    10.3

    12.9

    (2.6 pts)

     

    9 Months

    FY25

     

    9 Months

    FY24

     

    Change

     

    9 Months

    FY25

     

    9 Months

    FY24

     

    Change

     

     

     

     

     

     

     

     

     

     

     

     

    Group

    (US$ millions)

     

     

     

     

     

     

    Net Sales

    2,906.0

     

    2,931.4

     

    (1%)

     

     

     

     

     

     

    EBIT

    593.8

     

    683.4

     

    (13%)

     

     

     

     

     

     

    Adjusted EBIT

    654.0

     

    708.3

     

    (8%)

     

     

     

     

     

     

    EBIT Margin (%)

    20.4

     

    23.3

     

    (2.9 pts)

     

     

     

     

     

     

    Adjusted EBIT Margin (%)

    22.5

     

    24.2

     

    (1.7 pts)

     

     

     

     

     

     

    Adjusted EBITDA

    810.8

     

    845.0

     

    (4%)

     

     

     

     

     

     

    Adjusted EBITDA Margin (%)

    27.9

     

    28.8

     

    (0.9 pts)

     

     

     

     

     

     

    Net Income

    380.4

     

    454.6

     

    (16%)

     

     

     

     

     

     

    Adjusted Net Income

    488.2

     

    533.3

     

    (8%)

     

     

     

     

     

     

    Diluted EPS - US$ per share

    0.88

     

    1.03

     

    (15%)

     

     

     

     

     

     

    Adjusted Diluted EPS - US$ per share

    1.13

     

    1.21

     

    (7%)

     

     

     

     

     

     

    Operating Cash Flow

    657.4

     

    749.5

     

    (12%)

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    North America Fiber Cement

    (US$ millions)

     

     

     

     

     

     

    Net Sales

    2,144.4

     

    2,156.2

     

    (1%)

     

     

     

     

     

     

    EBIT

    638.5

     

    688.1

     

    (7%)

     

     

     

     

     

     

    EBIT Margin (%)

    29.8

     

    31.9

     

    (2.1 pts)

     

     

     

     

     

     

    EBITDA

    754.0

     

    787.7

     

    (4%)

     

     

     

     

     

     

    EBITDA Margin (%)

    35.2

     

    36.5

     

    (1.3 pts)

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Asia Pacific Fiber Cement

    (US$ millions)

     

    (A$ millions)

    Net Sales

    401.8

     

    421.3

     

    (5%)

     

    606.9

     

    641.1

     

    (5%)

    EBIT

    68.0

     

    127.6

     

    (47%)

     

    104.3

     

    194.1

     

    (46%)

    Adjusted EBIT

    125.3

     

    127.6

     

    (2%)

     

    189.0

     

    194.1

     

    (3%)

    EBIT Margin (%)

    17.2

     

    30.3

     

    (13.1 pts)

     

    17.2

     

    30.3

     

    (13.1 pts)

    Adjusted EBIT Margin (%)

    31.1

     

    30.3

     

    0.8 pts

     

    31.1

     

    30.3

     

    0.8 pts

    Adjusted EBITDA

    139.7

     

    140.1

     

    —%

     

    210.8

     

    213.1

     

    (1%)

    Adjusted EBITDA Margin (%)

    34.7

     

    33.2

     

    1.5 pts

     

    34.7

     

    33.2

     

    1.5 pts

     

     

     

     

     

     

     

     

     

     

     

     

    Europe Building Products

    (US$ millions)

     

    (€ millions)

    Net Sales

    359.8

     

    353.9

     

    2%

     

    332.9

     

    326.5

     

    2%

    EBIT

    24.7

     

    31.9

     

    (23%)

     

    22.8

     

    29.4

     

    (22%)

    EBIT Margin (%)

    6.8

     

    9.0

     

    (2.2 pts)

     

    6.8

     

    9.0

     

    (2.2 pts)

    EBITDA

    48.6

     

    53.4

     

    (9%)

     

    44.9

     

    49.2

     

    (9%)

    EBITDA Margin (%)

    13.5

     

    15.1

     

    (1.6 pts)

     

    13.5

     

    15.1

     

    (1.6 pts)

    Further Information

    Readers are referred to the Company's Condensed Consolidated Financial Statements and Management's Analysis of Results for the third quarter ended December 31, 2024 for additional information regarding the Company's results.

    All comparisons made are vs. the comparable period in the prior fiscal year and amounts presented are in US dollars, unless otherwise noted.

    Conference Call Details

    James Hardie will hold a conference call to discuss results and outlook Wednesday, February 19, 2025 at 9:00am AEDT (Tuesday, February 18, 2025 at 5:00pm EST). Participants may register for a live webcast and access a replay following the event of the event on the Investor Relations section of the Company's website (ir.jameshardie.com).

    About James Hardie

    James Hardie Industries plc is the world's #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions. We market our fiber cement products and systems under the Hardie™ brand, such as Hardie® Plank, Hardie® Panel, Hardie® Trim, Hardie® Backer, Hardie® Artisan Siding, Hardie™ Architectural Collection, and other brand names such as Cemboard®, Prevail®, Scyon®, Linea® and Hardie™ Oblique™ cladding. We are also a market leader in the European premium timber frame and dry lining business, especially in Germany, Switzerland and Denmark. We market our fiber gypsum and cement-bonded boards under the fermacell® brand and our fire-protection boards under the AESTUVER® brand.

    James Hardie Industries plc is a limited liability company incorporated in Ireland with its registered office at 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland.

    Cautionary Note and Use of Non-GAAP Measures

    This Earnings Release includes financial measures that are not considered a measure of financial performance under generally accepted accounting principles in the United States (GAAP), such as Adjusted Net Income, Adjusted EBIT, Adjusted EBITDA and Adjusted Diluted EPS. These non-GAAP financial measures should not be considered to be more meaningful than the equivalent GAAP measure. Management has included such measures to provide investors with an alternative method for assessing its operating results in a manner that is focused on the performance of its ongoing operations and excludes the impact of certain legacy items, such as asbestos adjustments. Additionally, management uses such non-GAAP financial measures for the same purposes. However, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be reported by all of the Company's competitors and may not be directly comparable to similarly titled measures of the Company's competitors due to potential differences in the exact method of calculation. The Company is unable to forecast the comparable US GAAP financial measure for future periods due to, amongst other factors, uncertainty regarding the impact of actuarial estimates on asbestos-related assets and liabilities in future periods. For additional information regarding the non-GAAP financial measures presented in this Earnings Release, including a reconciliation of each non-GAAP financial measure to the equivalent GAAP measure, see the section titled "Non-GAAP Financial Measures" included in the Company's Earnings Presentation for the third quarter ended December 31, 2024.

    In addition, this Earnings Release includes financial measures and descriptions that are considered to not be in accordance with GAAP, but which are consistent with financial measures reported by Australian companies, such as EBIT and EBIT margin. The Company prepares its condensed consolidated financial statements under GAAP. The equivalent GAAP financial statement line item description for EBIT used in its condensed consolidated financial statements is Operating income (loss). The Company provides investors with definitions and a cross- reference from the non-GAAP financial measure used in this Earnings Release to the equivalent GAAP financial measure used in the Company's condensed consolidated financial statements. See the section titled "Non-GAAP Financial Measures" included in the Company's Earnings Presentation for the third quarter ended December 31, 2024.

    This Earnings Release contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of James Hardie to be materially different from those expressed or implied in this release, including, among others, the risks and uncertainties set forth in Section 3 "Risk Factors" in James Hardie's Annual Report on Form 20-F for the fiscal year ended March 31, 2024; changes in general economic, political, governmental and business conditions globally and in the countries in which James Hardie does business; changes in interest rates; changes in inflation rates; changes in exchange rates; the level of construction generally; changes in cement demand and prices; changes in raw material and energy prices; changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. James Hardie assumes no obligation to update or correct the information contained in this Earnings Release except as required by law.

    This earnings release has been authorized by the James Hardie Board of Directors.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250218956006/en/

    Investor and Media Contact

    Joe Ahlersmeyer, CFA

    Vice President, Investor Relations

    +1 773-970-1213

    [email protected]

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    • James Hardie Building Products Inc. Announces Exclusive Product Deal with Three Subsidiaries of Daiwa House USA Holdings Inc.

      - The largest home siding company in North America inks exclusive siding and trim supplier for Stanley Martin, CastleRock, and Trumark CHICAGO, April 28, 2025 /PRNewswire/ -- James Hardie Building Products Inc. (James Hardie), a subsidiary of James Hardie Industries plc (ASX: JHX; NYSE: JHX),  the North American leader in fiber cement home siding and exterior design solutions, today announced a landmark multi-year exclusive agreement with three subsidiaries of Daiwa House USA Holdings Inc. (Daiwa House USA): Stanley Martin Homes, CastleRock Communities, and Trumark Homes. Under this agreement, James Hardie will provide its renowned Hardie® siding and trim products for new housing development

      4/28/25 12:50:00 PM ET
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    • SEC Form F-4 filed by James Hardie Industries plc

      F-4 - James Hardie Industries plc (0001159152) (Filer)

      5/5/25 4:38:22 PM ET
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      Building Materials
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    • SEC Form 6-K filed by James Hardie Industries plc

      6-K - James Hardie Industries plc (0001159152) (Filer)

      4/28/25 5:05:09 PM ET
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    • SEC Form 6-K filed by James Hardie Industries plc

      6-K - James Hardie Industries plc (0001159152) (Filer)

      4/25/25 11:17:25 AM ET
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    Leadership Updates

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    • James Hardie Building Products Inc. Announces Strategic Alliance with CBH Homes

      - CBH Homes becomes the first production builder in Idaho to offer a full range of Hardie® products - CHICAGO, May 1, 2025 /PRNewswire/ -- James Hardie Building Products Inc. (James Hardie), a subsidiary of James Hardie Industries plc ((ASX: JHX, NYSE:JHX) and the leading provider of fiber cement home siding and exterior design solutions in North America, is excited to announce an expanded agreement with CBH Homes. Through this collaboration, CBH Homes will become the first production builder in Idaho to embrace a full James Hardie exterior, offering its new homeowners the industry-leading Hardie® siding and trim products.

      5/1/25 1:58:00 PM ET
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      Building Materials
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    • James Hardie Industries Announces Fourth Quarter And Fiscal Year 2024 Results

      Record Net Sales of US$3.9 Billion for the Fiscal Year Record Adjusted Net Income of US$707.5 Million for the Fiscal Year Fourth Quarter Adjusted Net Income of US$174.2 Million Issues First Quarter and Fiscal Year 2025 Guidance James Hardie Industries plc ((ASX: JHX, NYSE:JHX), today announced results for its fourth quarter ending 31 March 2024. Full Year Fiscal Year 2024 Highlights, Compared to Fiscal Year 2023, as applicable: Record Net Sales of US$3,936.3 Million, up 4% Record Adjusted EBITDA of US$1,125.8 Million, with an Adjusted EBITDA margin of 28.6% Record Adjusted EBIT of US$940.8 Million, with an Adjusted EBIT margin of 23.9% Record Adjusted Net Income of US$

      5/20/24 6:00:00 PM ET
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      Building Materials
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    • James Hardie Industries Announces Third Quarter Fiscal Year 2024 Results

      Record Adjusted Net Income of US$179.9 Million Record Nine Months Operating Cash Flow of US$749.5 Million Q4 Adjusted Net Income Guidance of US$165 Million to US$185 Million James Hardie Industries plc ((ASX: JHX, NYSE:JHX), today announced results for its third quarter ending 31 December 2023. Third Quarter Fiscal Year 2024 Highlights, Compared to Third Quarter Fiscal Year 2023, as applicable: Global Net Sales of US$978.3 Million Global Adjusted EBITDA of US$280.4 Million, with an Adjusted EBITDA margin of 28.7% Global Adjusted EBIT of US$234.1 Million, with an Adjusted EBIT margin of 23.9% Record Adjusted Net Income of US$179.9 Million, up 39% Adjusted Diluted EPS o

      2/12/24 4:34:00 PM ET
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    • James Hardie and AZEK to Combine Creating a Leading Building Products Growth Platform

      Combines World-Class Talent with Shared Cultures Focused on Providing Winning Solutions Across the Customer Value Chain Unites Highly Complementary Offerings of Leading Exterior Brands and Significantly Expands James Hardie's Total Addressable Market Expected to Accelerate James Hardie's Revenue Growth Trajectory and Generate at Least $350 Million of Additional Annual Adjusted EBITDA from Synergies when Fully Realized Expected to be Accretive to James Hardie's Cash Earnings Per Share in First Full Fiscal Year After Closing Combined Company's Compelling Value Proposition, Increased Scale, Significant Runway for Enhanced Financial Growth and Two Major Global Listings Unlocks Potential for

      3/23/25 4:37:00 PM ET
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    • James Hardie Achieves Strong Third Quarter FY25 Results Providing Confidence to Reaffirm FY25 Guidance and FY26 Growth Plans

      Q3 FY25 GAAP Operating Income of $206 million Q3 FY25 Adjusted EBITDA of $262 million and Adjusted EBITDA Margin of 27.5% Average Net Sales Price Growth Across All Regions Reaffirms 2H and FY25 Guidance for North America Volume and EBIT Margin, Total Adjusted Net Income Planning for Growth and Margin Expansion Across Regions for FY26 James Hardie Industries plc (ASX / NYSE:JHX) ("James Hardie" or the "Company"), a leader in providing high performance, low maintenance building products and solutions, and a company inspiring how communities design build and grow, today announced results for its third quarter ending December 31, 2024. Speaking to the results, Aaron Erter, CEO said, "We de

      2/18/25 5:00:00 PM ET
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      Building Materials
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    • James Hardie Delivers On First Quarter Results and Reaffirms Fiscal Year 2025 Guidance

      Achieves First Quarter Guidance, with Adjusted Net Income of $178 million Record First Quarter Adjusted EBITDA of $286 million Adjusted EBITDA Margin of 28.8% Average Net Sales Price Growth Across All Regions North America First Quarter Net Sales Growth of +5% with EBIT Margin of 31.2% James Hardie Industries plc (NYSE:JHX) ("James Hardie" or the "Company"), a leader in providing high performance, low maintenance building products and solutions, and a company inspiring how communities design build and grow, today announced results for its first quarter ending June 30, 2024. Speaking to the results, James Hardie CEO Aaron Erter said, "We achieved a solid start to our fiscal year, e

      8/12/24 5:55:00 PM ET
      $JHX
      Building Materials
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    Analyst Ratings

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    • James Hardie upgraded by BofA Securities with a new price target

      BofA Securities upgraded James Hardie from Underperform to Buy and set a new price target of $27.35 from $27.40 previously

      3/27/25 2:12:16 PM ET
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    • James Hardie upgraded by Morgan Stanley

      Morgan Stanley upgraded James Hardie from Equal-Weight to Overweight

      3/24/25 3:13:48 PM ET
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    • James Hardie downgraded by Macquarie

      Macquarie downgraded James Hardie from Outperform to Neutral

      3/24/25 9:30:15 AM ET
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    Large Ownership Changes

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    • SEC Form SC 13G filed by James Hardie Industries plc

      SC 13G - James Hardie Industries plc (0001159152) (Subject)

      2/13/24 5:08:11 PM ET
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    • SEC Form SC 13G/A filed by James Hardie Industries plc (Amendment)

      SC 13G/A - James Hardie Industries plc (0001159152) (Subject)

      2/10/22 8:22:07 AM ET
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    • SEC Form SC 13G filed by James Hardie Industries plc

      SC 13G - James Hardie Industries plc (0001159152) (Subject)

      1/21/22 6:04:09 AM ET
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