James Hardie Says AZEK Deal to Hit ROCE Goals

MT Newswires Live10-02

James Hardie Industries (ASX:JHX) said its acquisition of US outdoor building products maker Azek in a cash-and-stock transaction for $8.4 billion, has a short-term negative impact on the company's return on capital employed (ROCE), according to a Thursday filing with the Australian bourse.

The company does not have the estimates of AZEK's contribution as yet, and ROCE forecasts from the fiscal year 2026 to the fiscal year 2028 depend on the pro-forma preliminary estimate of the merged company, the filing said.

The ROCE is expected to improve annually after fiscal year 2026, the filing added.

Shares of the company rose past 1% in recent Thursday trade.

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