James Hardie Industries PLC (JHX) saw its stock price surge 9.19% in post-market trading on Tuesday, driven by the company's better-than-expected third-quarter financial results.
The building materials company reported Q3 adjusted net income of $142.2 million on sales of $1.2 billion, with adjusted earnings per share of $0.24 beating analyst estimates of $0.23. Sales of $1.24 billion also exceeded consensus expectations of $1.209 billion. The company's adjusted EBITDA reached $329.9 million, representing a 26% increase year-over-year.
Investors responded positively to the maintained full-year guidance, which projects total adjusted EBITDA between $1.232 billion and $1.263 billion for fiscal year 2026. Analysts noted that the guidance appears conservative given the strong quarterly performance, suggesting potential upside. The company also reported progress on its integration with AZEK, with cost synergies ahead of schedule and expectations to achieve the $125 million target.
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