James Hardie Industries PLC Reports Fourth-Quarter Net Income Decline
James Hardie Industries PLC has reported a decline in its fourth-quarter net income, falling to $43.6 million from the prior year’s $55.6 million.
- Earnings per share decreased to $0.10 from last year’s $0.13.
- The decline in net income is attributed to a decrease in earnings per share.
Future Prospects
Despite the decline in net income, James Hardie remains optimistic about its future prospects. The company expects:
- Organic sales growth in every region for the fiscal year 2026.
- EBITDA growth in every region for the fiscal year 2026.
Strategic Alliance with Pahlisch Homes
James Hardie has secured a strategic alliance with Pahlisch Homes, a leading homebuilder in the Pacific Northwest and Northern Rockies regions. The alliance is expected to provide a steady revenue stream through the standardized use of James Hardie’s products in new developments.
Market Reaction
The company’s stock price has experienced fluctuations, with the ASX 200 closing lower due to concerns about the US bond market. However, James Hardie’s partnership with Pahlisch Homes is seen as a positive development for the company.