earnings conference call first quarter fiscal 2026 — February 3, 2026 Forward-Looking Statements — This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Ashland has identified some of these forward-looking statements with words such as "anticipates," "believes," "expects," "estimates," "is likely," "predicts," "projects," "forecasts," "objectives," "may," "will," "s ...

Core Viewpoint - James Hardie Industries plc is optimizing its manufacturing footprint by closing two US facilities, which is expected to enhance efficiency and generate significant cost savings [1][2][3]. Group 1: Manufacturing Operations - The company will close its manufacturing facilities in Fontana, California, and Summerville, South Carolina, within the next 60 days, which represent approximately 6% of its year-to-date North American volume [2]. - The innovation and research & development functions at the Fontana site will continue to operate despite the closures [2]. Group 2: Cost Savings and Financial Impact - The closures are projected to yield annualized cost savings of around $25 million starting in the first quarter of FY27, driven by reduced fixed costs and improved utilization across the remaining manufacturing network [3]. - A one-off charge of $40 million to $44 million will be incurred, primarily related to employee severance, benefits, transition costs, and asset impairments [4]. Group 3: Management Commentary - The CEO emphasized the importance of modernizing manufacturing facilities to improve efficiency and support growth initiatives, indicating a strategic shift towards advanced plants [5]. - The decision to close the plants was made after careful consideration, acknowledging the contributions of the teams at these sites [6]. Group 4: Market Position and Investor Sentiment - The share price has recovered some losses from the past year, indicating a potential regain of investor confidence, although the company may not be considered a bargain at current levels [7].