Why Is James Hardie Stock Surging Tuesday

James Hardie Industries plc (NYSE:JHX) stock is surging premarket on Tuesday after the company disclosed preliminary second-quarter FY26 results. The company projects net sales of $1.29 billion to $1.30 billion (vs. consensus of $1.19 billion) and adjusted EPS of 26 cents to 27 cents (vs. 16 cents consensus). James Hardie expects adjusted EBITDA of $326 million-$331 million and adjusted net income of $151 million-$157 million. As of September 30, net debt stood at $4.5 billion. James Hardie CEO Aaron Ert ...