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James Hardie Industries plc (symbol: JHX) is a global leader in the manufacture of fiber cement siding and backer board products. Established as a dominant force in the industry, James Hardie is renowned for its innovative and high-performance building materials, primarily serving the residential construction market. Headquartered in Dublin, Ireland, the company operates with a significant presence in North America, Australia, New Zealand, the Philippines, and Europe.
In North America, James Hardie is the largest manufacturer of fiber cement, which is extensively used for exterior siding on houses. This region accounts for approximately 80% of the company's earnings, underlining its crucial market position. The company's flagship product line, Hardie® siding, is celebrated for its durability, low maintenance, and aesthetic versatility, empowering homeowners and builders to create long-lasting and beautiful homes.
Beyond product innovation, James Hardie has formed strategic partnerships to enhance its market presence and community impact. A notable recent collaboration is the multi-year partnership with the PGA TOUR Champions and the Pro Football Hall of Fame to host the James Hardie™ Pro Football Hall of Fame Invitational. This unique event pairs legendary golfers and football players in a tournament setting, promoting both sports and charitable causes like Habitat for Humanity and First Tee.
Under the leadership of CEO Aaron Erter, James Hardie emphasizes a strong commitment to building resilient communities, sustainability, and an inclusive company culture. The company's Zero Harm initiative reflects its dedication to the safety and well-being of its diverse workforce and the communities it serves.
Financially, James Hardie remains robust, with consistent earnings growth driven by its market leadership and innovative product offerings. The company's strategic initiatives and commitment to excellence position it well for sustained success in the competitive building materials industry.
For more detailed information, including the latest news and developments, visit the official James Hardie website at www.jameshardie.com.
James Hardie presented its Investor Day 2024 materials, revealing a strategic vision to reach ~25 million homes with its siding by 2035, doubling its market presence. The company aims for double-digit revenue growth by expanding capacity to ~8 billion standard feet and adding new machines at the Prattville and Cleburne facilities.
The Board approved a US$50 million increase in its share buyback program, totaling US$300 million. North American EBITDA margins are expected to expand by 500bps+, and adjusted EBITDA is projected to triple from the FY24 baseline.
CEO Aaron Erter and CFO Rachel Wilson emphasized the company's commitment to profitable growth and attractive shareholder returns.
James Hardie Industries (ASX: JHX; NYSE: JHX) announced record financial results for the fiscal year ending March 31, 2024. The company achieved net sales of US$3.9 billion, a 4% increase from the previous year, and adjusted net income of US$707.5 million, up 17%. In the fourth quarter, net sales reached US$1.004 billion, a 9% rise, with adjusted net income of US$174.2 million. The North America Fiber Cement segment saw a 13% increase in net sales, while the Asia Pacific segment reported a 5% rise. The Europe Building Products segment maintained flat net sales but saw a 53% increase in EBIT. James Hardie projects a strong performance for fiscal year 2025, with North American volumes expected to range between 2,950 million to 3,150 million standard feet, and an EBIT margin between 29% to 31%.
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