JAMES HARDIE INDUSTRIES plc. - JHX STOCK NEWS

James Hardie Industries plc (ASX: JHX; NYSE: JHX) has released its annual sustainability report for fiscal year 2024, highlighting progress in its ESG strategy. The report, 'Building a Culture of Sustainability,' focuses on four pillars: Zero Harm, Planet, Innovation, and Communities.

Key achievements include:

• Integration of sustainability strategies into the Hardie™ Manufacturing Operating System (HMOS)
• Significant investment in safety infrastructure projects
• Recognition of Hardie® Artisan Lap Siding as a 2024 Sustainable Product of the Year
• Increase in women in management from 19% to 23%
• Completion of global tier one supplier risk mapping
• $1.66 billion contribution in economic value to communities

The company aims to lead the building products industry in creating future-ready homes, focusing on product durability and resilience to extreme weather conditions.

James Hardie Industries plc (ASX / NYSE: JHX) reported solid Q1 FY25 results, achieving guidance with Adjusted Net Income of $178 million and record Q1 Adjusted EBITDA of $286 million. Key highlights include:

- Net Sales up 4% to $992 million
- Adjusted EBIT up 1% to $236 million
- Adjusted EBITDA margin of 28.8%
- North America Net Sales growth of 5%

The company reaffirmed its FY25 guidance, projecting North American volumes of 2.95-3.15 billion standard feet, North American EBIT margin of 29-31%, and Adjusted Net Income of $630-700 million. James Hardie maintains a strong financial position with nearly $1 billion in total liquidity and a leverage ratio of 0.66x.

James Hardie Building Products Inc. (NYSE: JHX) has announced a multi-year exclusive agreement with Meritage Homes (NYSE: MTH), the fifth-largest public homebuilder in the U.S. This deal makes Hardie® siding and trim products standard on every new Meritage home where hard siding is installed across the U.S. through 2027.

The collaboration aims to provide Meritage homebuyers with durable, non-combustible, and pest-resistant siding that offers protection against extreme weather. James Hardie's products also provide a wide range of design options. This partnership aligns with Meritage's mission to build innovative and sustainable homes, leveraging James Hardie's manufacturing footprint and Meritage's national coverage.

James Hardie presented its Investor Day 2024 materials, revealing a strategic vision to reach ~25 million homes with its siding by 2035, doubling its market presence. The company aims for double-digit revenue growth by expanding capacity to ~8 billion standard feet and adding new machines at the Prattville and Cleburne facilities.

The Board approved a US$50 million increase in its share buyback program, totaling US$300 million. North American EBITDA margins are expected to expand by 500bps+, and adjusted EBITDA is projected to triple from the FY24 baseline.

CEO Aaron Erter and CFO Rachel Wilson emphasized the company's commitment to profitable growth and attractive shareholder returns.

James Hardie Industries (ASX: JHX; NYSE: JHX) announced record financial results for the fiscal year ending March 31, 2024. The company achieved net sales of US$3.9 billion, a 4% increase from the previous year, and adjusted net income of US$707.5 million, up 17%. In the fourth quarter, net sales reached US$1.004 billion, a 9% rise, with adjusted net income of US$174.2 million. The North America Fiber Cement segment saw a 13% increase in net sales, while the Asia Pacific segment reported a 5% rise. The Europe Building Products segment maintained flat net sales but saw a 53% increase in EBIT. James Hardie projects a strong performance for fiscal year 2025, with North American volumes expected to range between 2,950 million to 3,150 million standard feet, and an EBIT margin between 29% to 31%.

James Hardie invites pro football legends Warren Sapp and Rondé Barber to compete in the inaugural James Hardie Pro Football Hall of Fame Invitational. The event will feature 26 members of the Pro Football Hall of Fame alongside PGA TOUR Champions at the Old Course at Broken Sound in Boca Raton, Fla. The tournament will take place from March 31 to April 6, 2025, and will be televised on the Golf Channel. The event aims to support charitable organizations like Habitat for Humanity International, First Tee, and Boca Raton Regional Hospital.

James Hardie Industries plc (JHX) will release its Q4 and full-year financial results for the period ending March 31, 2024, on May 21, 2024. The announcement will be made on the ASX before market opens and will be followed by a conference call at 9:00am AEST, which is 7:00pm ET on May 20 for North America. Registration for the teleconference is available online, with a webcast also provided. Details for joining the call will be sent after registration. A replay will be accessible post-call on the company's financial results webpage. The CEO, Aaron Erter, has authorized this release.

James Hardie becomes the newest corporate sponsor of Habitat Strong, a program aimed at building affordable and climate-resilient homes in partnership with Habitat for Humanity International. The company will provide fiber cement siding, trim products, and monetary donations for constructing homes over the next three years.

James Hardie Industries plc (ASX: JHX; NYSE: JHX) reported a record adjusted net income of US$179.9 million and a nine months operating cash flow of US$749.5 million for the third quarter ending 31 December 2023. The company's global net sales reached US$978.3 million, with a global adjusted EBITDA of US$280.4 million. The CEO highlighted the team's focus on safety, customer partnerships, and long-term growth. North America Fiber Cement Segment saw a 13% increase in net sales, with a record EBIT of US$237.8 million. Asia Pacific Fiber Cement Segment reported a 21% increase in net sales, and Europe Building Products Segment saw an 8% increase in net sales. The company's outlook remains uncertain due to housing market conditions.