James Hardie Stock Price, News & Analysis

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.

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 US$605 million–US$625 million, up from US$580 million–US$600 million. The decision was made after employee concerns and thorough investigations. The company remains vigilant about the uncertainties posed by the COVID-19 pandemic.