JAMES HARDIE INDUSTRIES plc. - JHX STOCK NEWS

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.

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.

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.

James Hardie Industries (NYSE:JHX) has launched the Hardie™ Architectural Collection, featuring five new Hardie™ Architectural Panels and associated trims. This collection aims to empower homeowners with modern exterior solutions while addressing industry challenges like labor shortages and a growing demand for sustainable options. New product offerings include Sea Grass and Sculpted Clay panels. The collection is designed for installation efficiency and is set to debut at the NAHB International Builders’ Show on February 8-10, 2022.

James Hardie Industries (NYSE: JHX) announced the appointment of James Johnson as its new Chief Information Officer (CIO). With over 25 years of IT experience, including 15 years as CIO in various sectors, Mr. Johnson aims to drive a focused IT vision in alignment with the company's global strategic plan. Interim CEO Harold Wiens praised Johnson's leadership skills and technology solutions expertise, which are expected to enhance business value. Johnson expressed enthusiasm about joining the company during its phase of profitable growth.

James Hardie Industries (NYSE: JHX) has announced key management changes, appointing Ryan Kilcullen as Senior Vice President of Global Operations and John Arneil as General Manager for Asia Pacific. Kilcullen brings over 14 years of experience, focusing on global capacity expansion, safety, and procurement. Arneil has spent 19 years at the company, recently leading the Australia and New Zealand market to record results, with a 23% increase in net sales in the first half of fiscal 2022. Dr. Moe Nozari has resigned as a non-executive director.