Welcome to our dedicated page for James Hardie Industries news (Ticker: JHX), a resource for investors and traders seeking the latest updates and insights on James Hardie Industries stock.
James Hardie Industries plc reports on an exterior home and outdoor living products business built around fiber cement, fiber gypsum, composite decking, PVC decking, railing, trim and accessories. Its brands include Hardie®, TimberTech®, AZEK® Exteriors, Versatex®, fermacell® and StruXure®, with products marketed in North America, Europe, Australia and New Zealand.
Recurring company updates cover fiscal-quarter results, segment trends in Siding & Trim and Deck, Rail & Accessories, product innovation, pricing and mix, manufacturing and cost actions, guidance, AZEK integration, and commercial relationships with dealers, contractors and homebuilders. News also includes board and executive appointments for the Irish plc, whose shares trade on the NYSE and ASX under JHX.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) announced CEO Dr. Jack Truong's interview on Bloomberg Television's “Markets: America” on March 17, 2021. The discussion highlights the company’s leadership in high-performance fiber cement and fiber gypsum building solutions.
However, the release emphasizes forward-looking statements that carry inherent risks and uncertainties, including economic conditions, construction demand, and material prices that could impact future performance and results.
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.