Core Viewpoint - The sluggish housing market is negatively impacting James Hardie Industries, leading to a significant drop in stock price following the release of its quarterly report [1]. Sales Performance - James Hardie reported earnings of $0.40 per share on revenue of $1 billion, which was approximately $10 million below analyst consensus estimates [2]. - For the full fiscal year ending March 31, the company experienced a sales growth of 4% [2]. Market Conditions - The company's performance is closely linked to the housing and renovation markets, which have cooled due to rising interest rates, with an expected 2% decrease in demand in North America for calendar year 2024 compared to 2023 [3]. Competitive Position - Despite the challenging market, James Hardie continues to grow revenue, suggesting it may be gaining market share. The durability of cement fiber products positions them favorably against traditional alternatives, although installation costs are higher [4]. Stock Performance - Following recent declines, the stock is now 25% below its high for 2024, indicating a reset in expectations. Investors may need to exercise patience as the company navigates through the current market cycle [5].

Company Overview - James Hardie is the world's 1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, with significant market presence in the USA, Australia, Europe, New Zealand, and the Philippines[12]. - The company reported a diverse product portfolio, including fiber cement products marketed under the Hardie brand and fiber gypsum products under the fermacell brand, catering to both external and internal applications[25]. - The company operates three segments: North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products, with a focus on residential building applications[25]. Product Development and Innovation - Significant new products launched include HardieFlex NexGen™ fiber cement boards with MoldBlock™ Technology in the Philippines and the Hardie Architectural Collection in North America, enhancing product offerings tailored to regional markets[31]. - The company has developed proprietary technology for producing lighter-weight fiber cement products, enhancing handling and durability compared to traditional building materials[27]. - The company has invested significantly in research and development (R&D) to maintain its product leadership and innovate new products and technologies[57]. Market Position and Strategy - James Hardie aims to increase market share against competitors such as natural wood, vinyl, and stucco through targeted marketing programs highlighting product performance and cost advantages[33]. - The largest application for fiber cement products in the US and Canada is external siding for the residential building industry, indicating a strong market demand[32]. - James Hardie does not experience significant seasonality, but business activity aligns with trends in the building and construction industry[38]. Manufacturing and Capacity - The company has a total manufacturing capacity of 4,679 million square feet (mmsf) for fiber cement in the United States, with plans to increase this to 5,879 mmsf[69]. - Average capacity utilization for fiscal year 2024 was 85% in the United States, 68% in Europe, and 88% in Asia Pacific, compared to 89%, 81%, and 95% respectively in fiscal year 2023[71]. - The company operates manufacturing plants across the United States, Europe, Australia, and the Philippines, strategically located for efficient distribution[67]. Raw Materials and Supply Chain - The principal raw materials for fiber cement products include cellulose fiber, silica, Portland cement, and water, with established supplier relationships to mitigate supply chain challenges[39]. - The company sources high purity silica locally, primarily using silica sand, and processes quartz rock in certain locations to ensure quality[42]. - The company has confidentiality agreements with pulp producers and has obtained patents in the U.S. and other countries for its unique pulping formulas[41]. Financial Performance - Fiscal Year 2024 net sales reached US$3.9 billion, a 4% increase compared to fiscal year 2023[124]. - Adjusted EBIT for fiscal year 2024 was US$941 million, reflecting a 21% increase year-over-year[124]. - Adjusted net income for fiscal year 2024 was US$708 million, up 17% from the previous fiscal year[124]. Capital Expenditures - Total capital expenditures for fiscal year 2024 amounted to $449.3 million, a decrease of 24% from $591.3 million in 2023[75]. - Significant capital expenditures in progress include the Prattville Greenfield expansion with an investment of $439.0 million and expected completion in FY25, increasing capacity by 600 mmsf[77]. - The Europe Building Products capital expenditures rose to $89.7 million in 2024, up from $57.8 million in 2023, indicating a 55% increase[75]. Leadership and Governance - Jill Kolling has been appointed as Chief Sustainability Officer since March 2022, focusing on the integration of sustainability with overall business goals[98]. - The Board of Directors includes members with extensive experience in finance, manufacturing, and marketing, aiding in James Hardie's growth strategy[103]. - Anne Lloyd, appointed as Chair of the Board in November 2022, has a background as CFO of Martin Marietta Materials, enhancing financial oversight[104]. Executive Compensation - Total target compensation for CEO Aaron Erter was US$7,603,600, including a base salary of US$1,038,000[127]. - Approximately 86% of the CEO's total target compensation is performance-based "at risk" compensation, with an average of 66% for other Senior Executive Officers[139]. - The company maintained a pay-for-performance philosophy, aligning executive remuneration with shareholder interests[131]. Sustainability and ESG Initiatives - The company achieved a CDP score increase from B- to B during FY23 due to expanded ESG reporting, meeting all key targets[187]. - The company aims for 30% gender diversity in senior leadership by FY26 and a 42% absolute reduction in Scope 1+2 greenhouse gas emissions by 2030 compared to the CY21 baseline[194]. Future Outlook - The company aims for a High Value Product Growth of 15% in the Asia Pacific region and an EBIT margin of over 29%[194]. - The company plans to achieve incremental Hardie Operating Systems (HOS) savings totaling more than $160 million globally over the three-year period versus the FY23 baseline[194]. - The company targets a working capital improvement of $75 million by FY25 and $100 million by FY26 from the March 31, 2023 baseline[194].

Sapp and Barber are two of 26 members of the Pro Football Hall of Fame who will compete alongside a field of 78 PGA TOUR Champions at the James Hardie™ Pro Football Hall of Fame Invitational that will be hosted at the Old Course at Broken Sound in Boca Raton, Fla., March 31 – April 6, 2025. The three-day tournament will be televised on the Golf Channel. "We were thrilled to receive commitments from Warren and Rondé – two exceptional football players, golfers and community advocates – to compete in the inaug ...

James Hardie Industries plc (NYSE:JHX) Q3 2024 Earnings Conference Call February 12, 2024 5:00 PM ET Keith Chau - MST Marquee Peter Steyn - Macquarie Simon Thackray - Jefferies Matthew McKellar - RBC Capital Markets Shaurya Visen - Bank of America Lisa Huynh - JPMorgan Daniel Kang - CLSA Lee Power - UBS Brook Campbell-Crawford - Barrenjoey Sam Seow - Citi Rohan Gallagher - Jarden Group Harry Saunders - E&P Aaron Erter Let's start on Page 5 with a brief business update. Our team's focus remains simple; worki ...

US$ 165 – 185 million Responsible Corporate Citizenship 4 Global Operating Cash Flow 3 Year Avg FY23 vs FY132 Strong Cash Generation & Balance Sheet Hardie Operating System "HOS" 1. CAGR for the time period FY13 to FY23 2. Comparison of average Global Operating Cash Flow FY21-FY23 and FY11-FY13 Monday June 24, 2024 New York / New Jersey Homeowner Focused, Customer and Contractor Driven r a t and EBRUAR 314 JAMES HARDIE Q3 FY24 RESULTS Financial Measures – GAAP Equivalents EBIT margin – EBIT margin is define ...

Aaron Erter - CEO Rachel Wilson - CFO Operator I would now like to hand the conference over to James Hardie CEO, Mr. Aaron Erter. Please go ahead, sir. Turning to Page 2, you will see our standard cautionary note on forward-looking statements. Please note that the presentation today does contain forward-looking statements and the use of non-GAAP financial information. Also, except where we explicitly state otherwise during our prepared remarks, all references to monetary amounts should be assumed to be in U ...

James Hardie Industries plc (NYSE:JHX) Q1 2024 Earnings Conference Call August 7, 2023 6:30 PM ET Company Participants Aaron Erter - Chief Executive Officer Jason Miele - Chief Financial Officer Conference Call Participants Shaurya Visen - Bank of America Niraj Shah - Goldman Sachs Keith Chau - MST Marquee Lee Power - UBS Daniel Kang - CLSA Lisa Huynh - JPMorgan Peter Steyn - Macquarie Research Simon Thackray - Jefferies Samuel Seow - Citigroup Harry Saunders - E&P Brook Crawford - Barrenjoey Paul Quinn - R ...

(၂၂) JamesHardie" 8 AUGUST Q1 FY24 Management Presentation 2023 CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS USE OF NON-GAAP FINANCIAL INFORMATION; AUSTRALIAN EQUIVALENT TERMINOLOGY This Management Presentation includes financial measures that are not considered a measure of financial performance under generally accepted accounting principles in the United States (GAAP). These financial measures are designed to provide investors with an alternative method for a ...

Table of Contents JAMES HARDIE INDUSTRIES plc UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the Month of June 2023 1-15240 (Commission File Number) (Translation of registrant's name into English) First Floor, Block A One Park Place Upper Hatch Street, Dublin 2, D02, FD79, Ireland (Address of principal executive offices) Indicate by check mark whether the registr ...

James Hardie Industries plc Index | | Page | | --- | --- | | Report of Independent Registered Public Accounting Firm | F-3 | | Consolidated Balance Sheets as of 31 March 2023 and 2022 | F-5 | | Consolidated Statements of Operations and Comprehensive Income for the Fiscal Years Ended 31 | F-6 | | March 2023, 2022 and 2021 | | | Consolidated Statements of Cash Flows for the Fiscal Years Ended 31 March 2023, 2022 and 2021 | F-7 | | Consolidated Statements of Changes in Shareholders' Equity for the Fiscal Years ...