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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 (ASX: JHX; NYSE: JHX) has appointed Ms. Amy Lamparske as Global Chief Digital Officer and Vice President of North America Marketing. With 20 years of experience in marketing and digital strategies at top consumer companies, Lamparske is expected to strengthen the company's focus on direct consumer engagement and innovative marketing. CEO Dr. Jack Truong emphasized her role in accelerating demand creation and commercializing innovations to enhance homeowner connections. Lamparske holds an MBA and a Master of Arts in Leadership.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) has announced that CEO Dr. Jack Truong and CFO Jason Miele will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, from 9:20 am to 9:50 am NYC time. A live audio webcast of the event will be accessible via this link.
The company cautions that the release includes forward-looking statements subject to various risks and uncertainties that could impact actual results.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) announced CEO Dr. Jack Truong's interview on Yahoo Finance’s “Market Close” on May 19, 2021, discussing the company's performance and market insights. The interview can be viewed on Yahoo Finance. This release contains forward-looking statements subject to various risks and uncertainties affecting the company's performance. Factors include economic conditions, interest rates, inflation, exchange rates, and raw material costs. The company doesn't commit to updating information unless legally required.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) recently announced that CEO Dr. Jack Truong participated in interviews on Bloomberg Television and Bloomberg Radio on May 18, 2021, discussing the company's outlook. He expressed strong confidence in the prospects for U.S. new home construction, highlighting potential growth areas despite ongoing uncertainties in the housing market. The release included a reminder about risks that might impact the company's performance as outlined in their annual report.
James Hardie Industries (ASX: JHX; NYSE: JHX) reported record financial results for Q4 and FY21, achieving a global net sales increase of 20% to US$807 million compared to FY20. Adjusted EBIT rose 43% to US$173.1 million, with a margin expansion of 340 basis points to 21.4%. In North America, net sales grew 17% to US$555.3 million and Adjusted EBIT increased 27%. The company generated record operating cash flow of US$786.9 million, up 74%. Future guidance for FY22 expects Adjusted Net Income between US$520 million and US$570 million, reflecting continued growth momentum.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) will host its 2021 Global Investor Day on 25 May 2021, from 7:00 am to 9:15 am Sydney time. The agenda includes discussions on the strategic plan, marketing to homeowners, global innovation, and financial summaries followed by a Q&A session. Analysts and investors can join via a pre-registered webcast, and related materials will be accessible on their Investor Relations website. Additionally, the Q4 FY2021 results briefing is scheduled for 18 May 2021.
Forward-looking statements indicate potential risks impacting future performance.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) launches the It’s Possible™ campaign to empower homeowners in achieving their dream homes. The campaign, starting 30 April 2021, includes television commercials and digital marketing aimed at elevating brand visibility in the U.S. renovation market, valued at $352 billion. CEO Dr. Jack Truong emphasizes the importance of engaging directly with consumers, showcasing the transformative potential of James Hardie's products. The campaign reflects a strategic shift towards a consumer-focused brand in response to rising home improvement trends.
James Hardie Industries plc (ASX: JHX; NYSE: JHX) announced CEO Dr. Jack Truong's interview on Bloomberg Television's “Markets: America” on March 17, 2021. The discussion highlights the company’s leadership in high-performance fiber cement and fiber gypsum building solutions.
However, the release emphasizes forward-looking statements that carry inherent risks and uncertainties, including economic conditions, construction demand, and material prices that could impact future performance and results.
James Hardie Industries reported strong financial results for Q3 FY21, showing a 20% increase in global net sales to US$738.6 million and a 57% rise in adjusted EBIT to US$167.9 million. The North America Fiber Cement Segment experienced a 20% sales growth with a 39% EBIT increase. Europe showed remarkable performance with 300% EBIT growth. Operating cash flow reached US$678.4 million. A special dividend of US$0.70 per share has been declared, and fiscal year 2021 adjusted NOPAT guidance has been raised to US$440-450 million.
James Hardie reported Q2 FY21 results showing net sales of US$736.8 million, up 12% year-over-year, and Adjusted EBIT of US$163.1 million, an increase of 22%.
The Adjusted EBIT margin improved to 22.1%, with North America and Asia Pacific segments showing significant growth. The company reduced gross debt by US$400 million and plans to reinstate an annual dividend.
Management forecasts Adjusted net operating profit between US$380 million and US$420 million for the fiscal year ending March 31, 2021.
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