What is James Hardie Industries's gross profit margin?

What is the market's earnings forecast for James Hardie Industries next quarter?

What guidance did James Hardie Industries's management provide for the next earnings period?

What were the key takeaways from James Hardie Industries’s earnings call?

What factors drove the changes in James Hardie Industries's revenue and profit?

What were the key takeaways from James Hardie Industries's earnings call?

What is the revenue and EPS growth rate for James Hardie Industries year over year?

Did James Hardie Industries beat or miss consensus estimates last quarter?

- **Revenue Growth**: Q2 net sales $1.3B (34% YoY), organic decline 1%. Siding & Trim EBITDA $224M (29.2% margin).
- **Strategic Initiatives**: ColorPlus cost reduction pilots driving 17% volume growth in Northeast. TimberTech Advantage Rail expands composite market share.
- **Cost Efficiency**: $125M cost synergies achieved 85%; FY '27 margin recovery expected with manufacturing optimization.
- **Market Resilience**: Deck, Rail & Accessories outperforms market with mid-single-digit growth. Europe fiber gypsum EBITDA margin up 80bps.


**【CEO Opening Remarks】**
- **Leadership Updates**: Appointment of Nigel Stein as Board Chair and Ryan Lada as CFO to strengthen strategic execution. Rachel Wilson departs after 2 years of service.
- **Strategy Focus**: Emphasizes profitable growth, disciplined execution, and material conversion from wood to composite alternatives. 80% of net sales come from North America, with 40% of revenue from new construction and 60% from repair/remodel.
- **Market Outlook**: Near-term challenges in new construction (South) but stabilization in repair/remodel. Full-year guidance modestly raised due to improved channel inventory and demand visibility.

**【CFO Financial Commentary】**
- **Q2 Results**: Total net sales $1.3B (34% YoY growth), organic sales down 1%. Adjusted EBITDA $330M (25.5% margin). Siding & Trim segment EBITDA $224M (29.2% margin), down 530bps YoY due to underutilization.
- **Guidance Update**: Siding & Trim net sales $2.925B-$2.995B (mid-single-digit organic decline); Deck, Rail & Accessories net sales $780M-$800M. Full-year adjusted EBITDA $1.2B-$1.25B.
- **Cost Management**: $24M P&L benefit from cost synergies; $125M total target by FY '26. Free cash flow expected $200M+.

**【Q&A Highlights】**
- **Siding & Trim Performance**: South market softness less severe than feared; Northeast/Midwest repair/remodel growth driven by ColorPlus cost reduction pilots. Q2 ColorPlus volume up 17% in pilot regions.
- **Decking & Railing**: TimberTech outperforms market with mid-single-digit sell-through growth. New Advantage Rail product expands portfolio and share in composite category.
- **Cost Synergies**: 85% of G&A cost savings achieved; $125M target on track. Margins expected to improve in FY '27 with network optimization and Hardie Operating System adoption.
- **AZEK Integration**: Dealer feedback positive on combined Hardie/AZEK portfolio. Multiyear Boise Cascade partnership expands distribution and material conversion opportunities.


JHX

JHX fundamentals

You can ask Aime