James Hardie Industries PLC (JHX) stock is soaring 10.40% in Tuesday's trading session, following the release of its impressive second-quarter fiscal year 2026 results and an upward revision of its full-year guidance. The building materials supplier has demonstrated resilience in challenging market conditions, exceeding analyst expectations for both earnings and revenue.
The company reported second-quarter adjusted earnings per share of $0.26, surpassing analysts' estimates of $0.24. Net sales for the quarter reached $1.292 billion, up 34% year-over-year and beating the expected $1.273 billion. This strong performance was primarily driven by the recent acquisition of AZEK, which has exceeded management's expectations in terms of integration and synergies.
In light of these results, James Hardie has raised its fiscal year 2026 guidance, now expecting adjusted EBITDA to be between $1.20 billion and $1.25 billion, up from the previous range of $1.05 billion to $1.15 billion. The company also increased its net sales forecast for the Siding & Trim segment to $2.925-$2.995 billion from $2.675-$2.850 billion, reflecting more stable market conditions and normalized inventory levels. Investors are responding positively to the company's ability to exceed cost synergy targets related to the AZEK acquisition ahead of schedule, as well as its optimistic outlook for the Siding & Trim and Deck, Rail & Accessories segments.
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