Movement Alert|James Hardie Industries PLC Rises 5.41% in Regular Trading, Preliminary Q1 Results Significantly Beat Prior Guidance

Market Focus07-24

On July 24, James Hardie Industries PLC rose 5.41% in regular trading, trading at $26.09/share, with turnover of $134 million.

On the news front, the company released preliminary FY27 first-quarter results that substantially exceeded its prior guidance. Consolidated net sales are expected to reach $1.45 billion to $1.48 billion, while consolidated adjusted EBITDA is projected at $399 million to $407 million, significantly surpassing the previously set guidance range of $354 million to $375 million.

The strong performance was primarily driven by two core business segments: Siding and Trim, and Decking, Railing and Accessories. Oppenheimer had previously highlighted the company as a sustained beat-and-raise story, noting that commercial revenue synergies from the AZEK acquisition and continued market share gains provide ongoing earnings support. The firm projected EBITDA could reach $1.56 billion in FY27 in an upside scenario, well above the Wall Street consensus of $1.41 billion.

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