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James Hardie Industries plc (symbol: JHX) is a global leader in the manufacture of fiber cement siding and backer board products. Established as a dominant force in the industry, James Hardie is renowned for its innovative and high-performance building materials, primarily serving the residential construction market. Headquartered in Dublin, Ireland, the company operates with a significant presence in North America, Australia, New Zealand, the Philippines, and Europe.
In North America, James Hardie is the largest manufacturer of fiber cement, which is extensively used for exterior siding on houses. This region accounts for approximately 80% of the company's earnings, underlining its crucial market position. The company's flagship product line, Hardie® siding, is celebrated for its durability, low maintenance, and aesthetic versatility, empowering homeowners and builders to create long-lasting and beautiful homes.
Beyond product innovation, James Hardie has formed strategic partnerships to enhance its market presence and community impact. A notable recent collaboration is the multi-year partnership with the PGA TOUR Champions and the Pro Football Hall of Fame to host the James Hardie™ Pro Football Hall of Fame Invitational. This unique event pairs legendary golfers and football players in a tournament setting, promoting both sports and charitable causes like Habitat for Humanity and First Tee.
Under the leadership of CEO Aaron Erter, James Hardie emphasizes a strong commitment to building resilient communities, sustainability, and an inclusive company culture. The company's Zero Harm initiative reflects its dedication to the safety and well-being of its diverse workforce and the communities it serves.
Financially, James Hardie remains robust, with consistent earnings growth driven by its market leadership and innovative product offerings. The company's strategic initiatives and commitment to excellence position it well for sustained success in the competitive building materials industry.
For more detailed information, including the latest news and developments, visit the official James Hardie website at www.jameshardie.com.
James Hardie Industries PLC has appointed Dr. Joe Liu as the new Chief Technology Officer. Dr. Liu brings over 26 years of experience from 3M Company, having held various roles in R&D and management. His expertise will support the commercialization of innovative products aimed at enhancing home aesthetics and protection. CEO Harold Wiens expressed confidence in Dr. Liu’s leadership and vision, aligning with the company’s innovation strategy. Dr. Liu holds degrees in thermal energy and mechanics from Xi’an Jiatong University and the University of Minnesota.
James Hardie Industries has announced the termination of Jack Truong as CEO due to breaching the company’s Code of Conduct. Harold Wiens steps in as Interim CEO while a permanent CEO is sought. The company raised its Fiscal Year 2022 Adjusted Net Income guidance to
James Hardie Building Products is hosting a hiring event on December 7, 2021, seeking to fill over 45 material operator positions at their Summerville, South Carolina location. Wages start at $18.30 per hour, with a $2000 sign-on bonus and full benefits commencing on the first day of employment. Job seekers are invited for on-the-spot interviews from 8:00 a.m. to 5:00 p.m. ET. Employees will benefit from paid vacation, personal days, and promotional opportunities that increase wages on average by $0.55 every six months.
James Hardie Industries announced record second-quarter results for fiscal year 2022, with global net sales increasing 23% to US$903.2 million and adjusted net income rising 29% to US$154.9 million. The company raised its adjusted net income guidance for the fiscal year to between US$580 million and US$600 million. Key segments showed strong growth, with North America fiber cement net sales also up 23%. Additionally, James Hardie declared a dividend of US$0.40 per share as part of its commitment to return value to shareholders.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) reported impressive first quarter fiscal year 2022 results, ending June 30, 2021. Global net sales surged 35% to US$843.3 million, with adjusted EBIT climbing 45% to US$180.5 million. North America Fiber Cement Segment sales rose 28% to US$577.1 million, while Europe saw a 37% growth to €103.3 million. The company raised its fiscal year 2022 adjusted net income guidance to between US$550 million and US$590 million, reflecting strong market momentum and successful execution of its high-value product mix strategy.
James Hardie Industries (NYSE: JHX) has successfully settled a weathertightness class action litigation in New Zealand for NZ$1.25 million, with no admission of liability. This settlement resolves the 'White litigation' concerning the Harditex™ cladding product, which was ongoing since late 2015. The trial commenced on May 17, 2021, but was settled midway. While the settlement is viewed positively, the company acknowledges that it sympathizes with affected homeowners. James Hardie is still managing two other weathertightness claims, the 'Cridge' and 'Waitakere' litigations.
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