James Hardie Stock Price, News & Analysis

James Hardie Industries announced record second-quarter results for fiscal year 2022, with global net sales increasing 23% to US$903.2 million and adjusted net income rising 29% to US$154.9 million. The company raised its adjusted net income guidance for the fiscal year to between US$580 million and US$600 million. Key segments showed strong growth, with North America fiber cement net sales also up 23%. Additionally, James Hardie declared a dividend of US$0.40 per share as part of its commitment to return value to shareholders.

James Hardie Industries plc (ASX: JHX; NYSE: JHX) reported impressive first quarter fiscal year 2022 results, ending June 30, 2021. Global net sales surged 35% to US$843.3 million, with adjusted EBIT climbing 45% to US$180.5 million. North America Fiber Cement Segment sales rose 28% to US$577.1 million, while Europe saw a 37% growth to €103.3 million. The company raised its fiscal year 2022 adjusted net income guidance to between US$550 million and US$590 million, reflecting strong market momentum and successful execution of its high-value product mix strategy.

James Hardie Industries (NYSE: JHX) has successfully settled a weathertightness class action litigation in New Zealand for NZ$1.25 million, with no admission of liability. This settlement resolves the 'White litigation' concerning the Harditex™ cladding product, which was ongoing since late 2015. The trial commenced on May 17, 2021, but was settled midway. While the settlement is viewed positively, the company acknowledges that it sympathizes with affected homeowners. James Hardie is still managing two other weathertightness claims, the 'Cridge' and 'Waitakere' litigations.

James Hardie Industries plc (ASX: JHX; NYSE: JHX) has appointed Ms. Amy Lamparske as Global Chief Digital Officer and Vice President of North America Marketing. With 20 years of experience in marketing and digital strategies at top consumer companies, Lamparske is expected to strengthen the company's focus on direct consumer engagement and innovative marketing. CEO Dr. Jack Truong emphasized her role in accelerating demand creation and commercializing innovations to enhance homeowner connections. Lamparske holds an MBA and a Master of Arts in Leadership.

James Hardie Industries plc (ASX: JHX; NYSE: JHX) has announced that CEO Dr. Jack Truong and CFO Jason Miele will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, from 9:20 am to 9:50 am NYC time. A live audio webcast of the event will be accessible via this link.

The company cautions that the release includes forward-looking statements subject to various risks and uncertainties that could impact actual results.

James Hardie Industries plc (ASX: JHX; NYSE: JHX) announced CEO Dr. Jack Truong's interview on Yahoo Finance’s “Market Close” on May 19, 2021, discussing the company's performance and market insights. The interview can be viewed on Yahoo Finance. This release contains forward-looking statements subject to various risks and uncertainties affecting the company's performance. Factors include economic conditions, interest rates, inflation, exchange rates, and raw material costs. The company doesn't commit to updating information unless legally required.

James Hardie Industries plc (ASX: JHX; NYSE: JHX) recently announced that CEO Dr. Jack Truong participated in interviews on Bloomberg Television and Bloomberg Radio on May 18, 2021, discussing the company's outlook. He expressed strong confidence in the prospects for U.S. new home construction, highlighting potential growth areas despite ongoing uncertainties in the housing market. The release included a reminder about risks that might impact the company's performance as outlined in their annual report.