James Hardie Industries PLC's stock surged 5.05% intraday, reflecting strong investor sentiment following the release of its quarterly financial results.
The building materials company reported fourth-quarter adjusted earnings per share of $0.30, exceeding the analyst consensus estimate of $0.29. Revenue for the quarter rose 44.5% year-over-year to $1.40 billion. Management highlighted that adjusted EBITDA of $380.9 million came in above the company's guidance range, citing disciplined execution in a challenging operating environment.
Investors also responded positively to the company's outlook for fiscal year 2027, which includes projected adjusted EBITDA of $1.45 to $1.50 billion and free cash flow of at least $500 million. Analysts noted that operations in Australia, New Zealand, and Europe performed better than expected, contributing to the upbeat market reaction.
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