CANBERA (dpa-AFX) - James Hardie Industries PLC (JHX, JHX.AX), a building materials company, reported a rise in the preliminary first quarter results.
Aaron Erter, CEO of James Hardie said: 'Our first quarter results are expected to exceed our prior guidance, primarily as a result of better-than-expected sales in Siding & Trim. Siding & Trim net sales reflected strong sell-through and underlying demand for our products. Our performance in Deck, Rail & Accessories was driven by channel inventory normalization and sell-through that improved throughout the quarter.'
For the three-month period to June 30 (first-quarter of fiscal 2027), the company expects net income of $102 million to $104 million. Adjusted EBITDA is now anticipated to be $399 million to $407 million, higher than the earlier guidance of $354 million to $375 million.
James Hardie now projects net sales of $1.449 billion to $1.475 billion, better than the earlier guidance of $1.315 billion to $1.354 billion. The company now projects net sales of $846 million to $860 million from the Siding & Trim business, compared with the prior expectation of $758 to $781 million.
The company now anticipates net sales of $296 million to $305 million from the DR&A business, higher than the earlier guidance of $291 million to $300 million.
For fiscal 2026, James Hardie had posted net income of $62.6 million, with net sales of $899.9 million.
Copyright(c) 2026 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2026 AFX News
