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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 has officially appointed Anne Lloyd as Chairperson, effective 3 November 2022. Lloyd succeeds Michael Hammes, who served over 15 years in this role. Both leaders emphasized the importance of strong executive leadership and the company's commitment to shareholders. CEO Aaron Erter expressed enthusiasm for collaboration with Lloyd to ensure long-term profitable growth. The announcement also highlights potential risks and uncertainties that could affect future performance, as outlined in their Annual Report.
James Hardie Industries (ASX: JHX) has appointed Christian Claus as President Europe, enhancing its leadership in the region. Claus brings extensive experience from Tarkett, Air Liquide, and 3M, aiming to drive growth through innovation in high-performance fiber cement and gypsum solutions. Additionally, ESG, IT, and Transformation teams will now report directly to CEO Aaron Erter, facilitating better strategic integration. These moves are expected to boost operational capabilities and market presence in Europe.
James Hardie Industries plc has appointed Mr. Aaron Erter as Chief Executive Officer, effective immediately. He brings over 20 years of leadership experience, including roles at Sherwin Williams and PLZ Corporation. Chairman Mike Hammes stated that Mr. Erter's experience and capabilities align with the company's growth ambitions. The Board believes his leadership will strengthen James Hardie's competitive position in the market. Mr. Erter expressed enthusiasm about joining the company and aims to drive innovation and growth.
James Hardie Industries (NASDAQ: JHX) has launched The Magnolia Home | James Hardie Collection curated by Chip and Joanna Gaines. This exclusive range features a variety of nature-inspired siding products and accessories designed for long-lasting beauty and durability. With innovative ColorPlus® Technology, the collection includes popular styles such as plank, shingle, and board-and-batten siding. Sean Gadd, President of James Hardie North America, emphasized the collaboration's goal to simplify exterior design for homeowners, enhancing curb appeal while providing protection against harsh weather.
James Hardie Industries (NYSE:JHX) reported strong first-quarter results for fiscal year 2023, with global net sales rising by 19% to US$1,000.9 million. Adjusted net income also increased by 15% to US$154.3 million. The company raised its fiscal year 2023 adjusted net income guidance to a range of US$730 million to US$780 million. The North America Fiber Cement segment enjoyed a 28% increase in net sales, while the global adjusted EBIT grew by 15% to US$208.4 million, reflecting strong operational execution.
James Hardie Industries plc (NYSE:JHX) announces significant leadership changes, appointing Anne Lloyd as Deputy Chairperson and successor to Michael Hammes, who will retire post the November 2022 Board meeting. Lloyd, a seasoned corporate executive with extensive experience in the building materials sector, expressed excitement in her new role. Additionally, Peter-John Davis joins the Board as a Non-Executive Director, bringing over 40 years in the retail and trade industries. The company aims to enhance its Board representation and plans to appoint a new CEO within the next month.
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James Hardie Industries (JHX) reported significant growth for FY2022, with global net sales increasing 24% to US$3.6 billion and adjusted net income rising 36% to US$620.7 million. For Q4, net sales reached US$968.2 million, a 20% increase, while adjusted net income surged 42% to US$177.5 million. The company reaffirms its FY2023 adjusted net income guidance between US$740 million and US$820 million. Notable growth was seen in North America, with net sales up 25%, driven by a strategic focus on high-value products.
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James Hardie Industries reported a robust third quarter for fiscal year 2022, with global net sales increasing by 22% to US$900.0 million and adjusted net income rising 25% to US$154.1 million. The North America fiber cement segment led growth with a 24% increase in net sales, while adjusted EBIT margin remained stable at 22.7%. The company raised its fiscal year 2022 adjusted net income guidance to a range of US$620 million to US$630 million and announced guidance for fiscal year 2023 of US$740 million to US$820 million.