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.
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