James Hardie(US:JHX) Prnewswire·2025-11-14 14:54Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against James Hardie Industries plc due to allegations of misleading investors regarding the performance of its North America Fiber Cement segment between May 20, 2025, and August 18, 2025 [3][4]. Company Performance - James Hardie reported a 29% decline in first-quarter profit for the period ending June 30, 2025, and projected lower-than-expected fiscal 2026 earnings, attributing this to high borrowing costs [3]. - The company falsely claimed that demand remained strong and that stock levels were "normal," despite knowing about distributor destocking by early May 2025 [3]. Market Reaction - Following the announcement of disappointing financial results, James Hardie's American Depositary Receipt (ADR) price fell by $9.79, or 34.44%, closing at $18.64 per ADR on August 20, 2025 [4]. Legal Proceedings - A federal securities class action has been filed against James Hardie, with a deadline of December 23, 2025, for investors to seek the role of lead plaintiff [1][5]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought by the class [5]. Additional Information - Faruqi & Faruqi encourages anyone with information regarding James Hardie's conduct to come forward, including whistleblowers and former employees [6].