Welcome to our dedicated page for James Hardie news (Ticker: JHX), a resource for investors and traders seeking the latest updates and insights on James Hardie stock.
James Hardie Industries plc (JHX) regularly issues news and updates that reflect its role as an industry leader in exterior home and outdoor living solutions. Company announcements cover developments across its portfolio of fiber cement, fiber gypsum, and composite and PVC decking and railing products, as well as governance, financial reporting and strategic initiatives.
Investors and industry followers can use this news stream to track information about James Hardie’s multi-brand portfolio, which includes Hardie®, TimberTech®, AZEK® Exteriors, Versatex®, fermacell® and StruXure®. Releases often highlight product-focused updates, such as design initiatives like a Color of the Year for Hardie® siding or new TimberTech® railing and privacy solutions, alongside distribution partnerships that extend access to the company’s products in key markets.
From a corporate and financial perspective, James Hardie news items include earnings announcements, guidance updates and details on segment performance for Siding & Trim, Deck, Rail & Accessories, Australia & New Zealand, and Europe. The company also reports on participation in investor conferences, timing of earnings releases and conference calls, and outcomes of its Annual General Meeting, providing insight into its governance and investor engagement.
Leadership and Board changes are another recurring theme in James Hardie communications, with updates on executive appointments, Board chair transitions and the formation of committees such as the Integration and Performance Committee related to the AZEK acquisition. Together, these news items give readers a view into how James Hardie manages its global footprint, integrates acquired businesses and positions its brands within the building products and outdoor living markets. For anyone following JHX, this page offers a centralized view of company-issued developments over time.
James Hardie Industries reported strong financial results for Q3 FY21, showing a 20% increase in global net sales to US$738.6 million and a 57% rise in adjusted EBIT to US$167.9 million. The North America Fiber Cement Segment experienced a 20% sales growth with a 39% EBIT increase. Europe showed remarkable performance with 300% EBIT growth. Operating cash flow reached US$678.4 million. A special dividend of US$0.70 per share has been declared, and fiscal year 2021 adjusted NOPAT guidance has been raised to US$440-450 million.
James Hardie reported Q2 FY21 results showing net sales of US$736.8 million, up 12% year-over-year, and Adjusted EBIT of US$163.1 million, an increase of 22%.
The Adjusted EBIT margin improved to 22.1%, with North America and Asia Pacific segments showing significant growth. The company reduced gross debt by US$400 million and plans to reinstate an annual dividend.
Management forecasts Adjusted net operating profit between US$380 million and US$420 million for the fiscal year ending March 31, 2021.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) has raised its FY2021 guidance, projecting adjusted NOPAT between US$380 million and US$420 million, up from US$330 million to US$390 million. The company anticipates a 22% increase in Group Adjusted EBIT and NOPAT for Q2 FY2021. All three operating regions—North America, Asia Pacific, and Europe—achieved growth above market, with record quarterly highs expected. Additionally, liquidity is projected at ~US$890 million, marking a ~US$190 million increase since June 2020.