Stock Track | James Hardie Industries Soars 5.58% in Pre-market on Strong Q3 Earnings Beat and Conservative Guidance Outlook

Stock Track02-11 17:53

James Hardie Industries PLC (JHX) saw its stock price soar 5.58% in pre-market trading on Wednesday.

The surge follows the company's better-than-expected third-quarter financial results, with adjusted earnings per share of $0.24 beating analyst estimates of $0.23 and sales of $1.24 billion exceeding consensus expectations. 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment