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20.08.25 - 16:42
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Housing Market Cracks Widen: Top Siding Company Suffers Worst Stock Collapse In 50 Years (ZeroHedge)
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Housing Market Cracks Widen: Top Siding Company Suffers Worst Stock Collapse In 50 Years
James Hardie Industries - the world's largest producer of fiber cement products, headquartered in Ireland and dual-listed in Sydney and New York - issued a grim housing outlook that sent its Sydney shares plunging the most in 50 years. The warning underscores deepening cracks emerging in the U.S. housing market under the continued weight of elevated interest rates. President Trump issued a new warning overnight about those rates "hurting" the housing industry.
James Hardie generates about 70% of its revenue from North America. Its flagship product, HardiePlank, is widely used in residential housing as an alternative to wood or vinyl siding. That makes the company's earnings reports closely watched, given its heavy exposure to the U.S. housing market.
Its first-quarter results missed Wall Street expectations, highlighting ongoing uncertainty in the housing market. Quarterly profit dropped to...
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19.08.25 - 23:03
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James Hardie Reports First Quarter FY26 Results; Issues FY26 Guidance Reflecting Closing of AZEK Acquisition (Business Wire)
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Q1 FY26 Net Sales of $900 Million With Average Net Sales Price Growth Across All Regions
Operating Income of $139 Million, Adjusted EBITDA of $226 Million
AZEK June Quarter Results Exceeded Guidance with +MSD% Deck, Rail & Accessories Sell-Through Growth
Integration On-Track, Early Cost Synergy Achievement and Quick Commercial Synergy WinsSYDNEY & CHICAGO--(BUSINESS WIRE)--James Hardie Industries plc (NYSE / ASX : JHX) ("James Hardie" or the "Company"), a leading provider of exterior home and outdoor living solutions, today announced results for its first quarter ending June 30, 2025.
Aaron Erter, CEO said, "Our first quarter results were largely as we had anticipated, and reflect an expected normalization of channel inventories, due to moderating growth expectations by customers as uncertainty built throughout April and early May. We remain committed to outperforming market demand over the long term and are employing strategies to deliver on this commitment, notwithstanding near-...
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