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James Hardie Industries plc reports on an exterior home and outdoor living products business built around fiber cement, fiber gypsum, composite decking, PVC decking, railing, trim and accessories. Its brands include Hardie®, TimberTech®, AZEK® Exteriors, Versatex®, fermacell® and StruXure®, with products marketed in North America, Europe, Australia and New Zealand.
Recurring company updates cover fiscal-quarter results, segment trends in Siding & Trim and Deck, Rail & Accessories, product innovation, pricing and mix, manufacturing and cost actions, guidance, AZEK integration, and commercial relationships with dealers, contractors and homebuilders. News also includes board and executive appointments for the Irish plc, whose shares trade on the NYSE and ASX under JHX.
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%.
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