James Hardie Industries (NYSE:JHX) Releases Earnings Results, Beats Estimates By $0.01 EPS

James Hardie Industries (NYSE:JHX) announced its earnings results on Tuesday. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01, Zacks reports. James Hardie Industries had a return on equity of 16.18% and a net margin of 2.70%.The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. James Hardie Industries’s revenue for the quarter was up 30.1% compared to the same quarter last year.

Here are the key takeaways from James Hardie Industries’ conference call:

• AZEK integration is accelerating — the company says it has already surpassed FY‑2026 cost synergy targets and is confident of reaching a $125 million annualized cost synergy and a $125 million commercial synergy run‑rate exiting FY‑2027, supported by early distributor and dealer wins.
• Q3 outperformance and tightened guidance — consolidated net sales rose 30% (including $275M AZEK), organic sales +1%, adjusted EBITDA was $330M (26.6%), and management raised full‑year adjusted EBITDA guidance while reaffirming at least $200M of free cash flow for FY‑2026.
• Siding & Trim faces near‑term pressure — legacy North America fiber cement organic net sales declined 2% in the quarter (lower volumes driven by new construction weakness in Texas, West and Southeast), and management expects an approximate 6% organic decline at the FY midpoint despite announced plant closures that will deliver ~$25M of annual cost savings starting in FY‑2027.
• TimberTech / Deck & Rail continues to outperform — mid‑single digit sell‑through growth, continued material‑conversion momentum (decking ~25% converted), product innovation and channel expansion underpin management’s goal to outgrow the market and deliver 500–700 bps of growth above market over time.

James Hardie Industries Stock Up 0.1%

JHX traded up $0.04 during midday trading on Thursday, hitting $26.04. 1,523,542 shares of the company’s stock traded hands, compared to its average volume of 6,835,044. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.23. The company has a market cap of $11.19 billion, a PE ratio of 96.42, a price-to-earnings-growth ratio of 7.84 and a beta of 1.80. The stock’s fifty day simple moving average is $22.08 and its 200-day simple moving average is $21.54. James Hardie Industries has a one year low of $16.46 and a one year high of $33.00.

Wall Street Analysts Forecast Growth

JHX has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research report on Wednesday. Barclays increased their target price on James Hardie Industries from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup upgraded James Hardie Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, November 4th. Zacks Research raised James Hardie Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Raymond James Financial set a $21.00 price objective on James Hardie Industries in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its position in James Hardie Industries by 259.7% during the third quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock worth $972,981,000 after buying an additional 36,567,726 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of James Hardie Industries by 22.2% during the 4th quarter. JPMorgan Chase & Co. now owns 9,690,174 shares of the construction company’s stock valued at $201,071,000 after acquiring an additional 1,758,111 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of James Hardie Industries by 100.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,531,761 shares of the construction company’s stock valued at $87,055,000 after acquiring an additional 2,275,762 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in James Hardie Industries by 160.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company’s stock worth $63,557,000 after purchasing an additional 1,662,743 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in James Hardie Industries by 74.9% during the second quarter. Bank of America Corp DE now owns 2,204,888 shares of the construction company’s stock worth $59,289,000 after purchasing an additional 943,929 shares during the period. Institutional investors own 7.96% of the company’s stock.

James Hardie Industries Company Profile

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.