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) is a global manufacturer of fiber cement building solutions, specializing in durable exterior products for residential construction. This comprehensive news resource provides investors and professionals with essential updates on financial results, product innovations, and strategic initiatives.
Find verified press releases, earnings announcements, and market analysis covering JHX's operations across North America, Australia, and Europe. Our curated selection focuses on material advancements, manufacturing expansions, and sustainability efforts that impact the construction materials sector.
Regular updates include quarterly performance reports, leadership changes, R&D developments in climate-resilient materials, and partnership announcements. Bookmark this page for immediate access to JHX's latest corporate communications and industry-specific insights.
James Hardie Building Products Inc. (NYSE: JHX) has announced a multi-year exclusive agreement with Meritage Homes (NYSE: MTH), the fifth-largest public homebuilder in the U.S. This deal makes Hardie® siding and trim products standard on every new Meritage home where hard siding is installed across the U.S. through 2027.
The collaboration aims to provide Meritage homebuyers with durable, non-combustible, and pest-resistant siding that offers protection against extreme weather. James Hardie's products also provide a wide range of design options. This partnership aligns with Meritage's mission to build innovative and sustainable homes, leveraging James Hardie's manufacturing footprint and Meritage's national coverage.
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%.
FAQ
What is the current stock price of James Hardie (JHX)?
What is the market cap of James Hardie (JHX)?
