James Hardie Stock Price, News & Analysis

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.

James Hardie Industries (ASX: JHX; NYSE: JHX) reported record financial results for Q4 and FY21, achieving a global net sales increase of 20% to US$807 million compared to FY20. Adjusted EBIT rose 43% to US$173.1 million, with a margin expansion of 340 basis points to 21.4%. In North America, net sales grew 17% to US$555.3 million and Adjusted EBIT increased 27%. The company generated record operating cash flow of US$786.9 million, up 74%. Future guidance for FY22 expects Adjusted Net Income between US$520 million and US$570 million, reflecting continued growth momentum.

James Hardie Industries plc (ASX: JHX; NYSE: JHX) will host its 2021 Global Investor Day on 25 May 2021, from 7:00 am to 9:15 am Sydney time. The agenda includes discussions on the strategic plan, marketing to homeowners, global innovation, and financial summaries followed by a Q&A session. Analysts and investors can join via a pre-registered webcast, and related materials will be accessible on their Investor Relations website. Additionally, the Q4 FY2021 results briefing is scheduled for 18 May 2021.

Forward-looking statements indicate potential risks impacting future performance.

James Hardie Industries plc (ASX: JHX; NYSE: JHX) launches the It’s Possible™ campaign to empower homeowners in achieving their dream homes. The campaign, starting 30 April 2021, includes television commercials and digital marketing aimed at elevating brand visibility in the U.S. renovation market, valued at $352 billion. CEO Dr. Jack Truong emphasizes the importance of engaging directly with consumers, showcasing the transformative potential of James Hardie's products. The campaign reflects a strategic shift towards a consumer-focused brand in response to rising home improvement trends.