James Hardie Industries PLC

Latest Results (12.11.2025):

James Hardie Industries PLC reported its first quarter FY26 financial results ending June 30, 2025. The company recorded net sales of approximately US$900 million, with operating income of US$139 million and adjusted EBITDA of US$226 million, reflecting declines compared to the prior year. The report detailed performance across regional segments – North America, Asia Pacific, and Europe – and discussed strategic progress on the recently closed AZEK acquisition along with FY26 guidance amid challenging market conditions.

Financial Overview

In Q1 FY26, James Hardie Industries PLC experienced a 9% decline in consolidated net sales compared to Q1 FY25, with operating income down by 41% and adjusted EBITDA decreasing by 21%. Overall margins were impacted, with operating income margin falling from 23.7% to 15.4% and adjusted EBITDA margin contracting from 28.8% to 25.1%, while net income and EPS also saw significant declines.

Regional Performance

North America Fiber Cement reported a 12% decrease in net sales and a 29% decline in operating income, largely due to lower volumes amid soft market demand. In the Asia Pacific segment, net sales decreased by 10% with a modest improvement in EBITDA margins driven by strategic initiatives including the closure of the Philippines manufacturing operations. Conversely, the Europe Building Products segment saw a 7% rise in net sales and a 24% increase in operating income, supported by higher average net sales prices and operational efficiencies, despite regional market challenges.

Acquisition & Strategic Guidance

The report highlights the successful integration of the AZEK acquisition, which has exceeded guidance with strong sell-through growth in Deck, Rail & Accessories, delivering early cost and commercial synergy wins. Leadership remains focused on navigating near-term market headwinds in North America while leveraging the expanded product portfolio and strategic investments to drive long-term shareholder value. FY26 guidance also reflects these developments as the company positions itself to capitalize on emerging opportunities in a fluctuating market environment.