James Hardie reports Q2 revenue of US$1.43B
Key points
- Second-quarter net sales from continuing operations rose 24% year over year to US$1.43 billion.
- Net income reached US$55.8 million in the prior year period.
- Management reaffirmed its fiscal 2027 net sales outlook of US$5.133 billion.
Building materials manufacturer James Hardie (ASX:JHX) delivered second-quarter net sales of US$1.15 billion in the same period last year.
The revenue jump was led by a 15% increase in siding and trim net sales to US$387.
million.
“North America fibre cement and deck, rail & accessories both delivered double-digit sell-through growth, driven by consistent execution against our sales initiatives, material conversion opportunities and commercial synergies,” said James Hardie CEO Aaron Erter.
The business repaid US650 million. The management team reaffirmed its full-year adjusted earnings guidance of US$1.534 billion.
Following the announcement, the James Hardie share price was down at $41.80.
The building products group continues to focus on fibre cement siding growth across residential repair, remodel, and new construction sectors.
The company recently entered into an agreement to sell its European Fermacell unit for €840 million in cash to streamline its international portfolio.
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