Core Points - A class action lawsuit has been filed against James Hardie Industries plc for alleged securities fraud and unlawful business practices [2] - Investors have until December 23, 2025, to request appointment as Lead Plaintiff if they purchased James Hardie securities during the Class Period [2] - The lawsuit follows a significant decline in sales, with North America Fiber Cement sales dropping by 12% due to customer destocking [4] Company Performance - On August 19, 2025, James Hardie disclosed a 12% decline in North America Fiber Cement sales, attributed to customer destocking identified by the company in April and May [4] - Following this announcement, James Hardie's stock price fell by $9.79 per share, or 34.44%, closing at $18.64 per share on August 20, 2025 [5] Legal Context - Pomerantz LLP, a prominent firm in corporate and securities class litigation, is leading the class action against James Hardie [6] - The firm has a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [6]

Q3 2025 Performance - Net sales decreased by 6.9% to $3.9 billion compared to the prior year[8] - Gross profit decreased to $1.2 billion[8] - Net income decreased by 57% to $122 million, representing 3.1% of sales[8] - Adjusted EBITDA decreased by 30.8% to $434 million, with an adjusted EBITDA margin of 11%[8] - Adjusted diluted EPS decreased to $1.88[8] - The company generated $465 million in free cash flow during Q3[9] Strategic Initiatives and Capital Allocation - Approximately $20 million was invested in Q3 to open a new millwork location and expand facilities in 7 states[11] - Value-added product mix reached approximately 47% in Q3 and 48% year-to-date[11] - $11 million in productivity savings were delivered in Q3, totaling $33 million year-to-date, related to supply chain initiatives[11] - $100 million was deployed in Q3 toward return-enhancing opportunities[11] - $404 million shares were repurchased year-to-date, representing approximately 48% of total shares outstanding since August 2021[11] 2025 Outlook - Total net sales are projected to be $15.1 to $15.4 billion[49] - Gross profit margin is expected to be 30.1% to 30.5%[49] - Total adjusted EBITDA is guided to be $1.625 to $1.675 billion[49] - Free cash flow is projected to be $0.8 to $1 billion[49]

Core Points - ClaimsFiler has announced that investors in James Hardie Industries plc have until December 23, 2025, to file lead plaintiff applications in a securities class action lawsuit related to the company's share performance during the Class Period from May 20, 2025, to August 18, 2025 [1] - The lawsuit alleges that James Hardie and certain executives failed to disclose material information regarding the company's North America Fiber Cement segment, which saw a 12% decline in sales due to customer destocking [3][4] Company Information - The lawsuit is currently pending in the United States District Court for the Northern District of Illinois, under the case name Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, et al., No. 25-cv-13018 [4] - Following the disclosure of the sales decline, James Hardie's share price dropped over 34%, from $28.43 per share on August 18, 2025, to $18.64 per share on August 20, 2025 [4] Legal Context - The class action lawsuit is based on allegations of violations of federal securities laws due to the failure to disclose significant information that impacted investor decisions during the specified Class Period [3]

Core Insights - Carlisle (CSL) reported $1.35 billion in revenue for the quarter ended September 2025, reflecting a year-over-year increase of 1% and surpassing the Zacks Consensus Estimate by 1.01% [1] - The earnings per share (EPS) for the same period was $5.61, down from $5.78 a year ago, but exceeded the consensus EPS estimate of $5.47 by 2.56% [1] Revenue Performance - Carlisle Weatherproofing Technologies (CWT) generated $346.1 million in revenue, exceeding the average estimate of $340.35 million by four analysts, representing a year-over-year increase of 3.2% [4] - Carlisle Construction Materials (CCM) reported $1 billion in revenue, slightly above the average estimate of $992.89 million, with a year-over-year change of 0.3% [4] Adjusted EBIT Analysis - Adjusted EBIT for Carlisle Construction Materials (CCM) was $280 million, below the three-analyst average estimate of $285.65 million [4] - Adjusted EBIT for Corporate and unallocated was reported at -$15 million, better than the average estimate of -$28.54 million [4] - Adjusted EBIT for Carlisle Weatherproofing Technologies (CWT) was $33.9 million, falling short of the three-analyst average estimate of $40.7 million [4] Stock Performance - Shares of Carlisle have returned +3.5% over the past month, compared to a +3.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Data and Key Metrics Changes - Q3 revenues reached $1.3 billion, a 1% increase year-over-year, slightly below previous expectations [6][19] - Adjusted EPS for Q3 was $5.61, down 3% compared to the previous year [20] - Adjusted EBITDA for the quarter was $349 million, resulting in an adjusted EBITDA margin of 25.9%, a decrease of 170 basis points from the prior year [20][22] Business Line Data and Key Metrics Changes - CCM reported Q3 revenue of $1 billion, essentially flat year-over-year, with adjusted EBITDA of $303 million, down 8% compared to the prior year [21] - CWT reported Q3 revenue of $346 million, up 3% year-over-year, but organic revenue declined 8% due to lower volumes [22] Market Data and Key Metrics Changes - The ongoing challenges in both residential and non-residential new construction are attributed to higher interest rates and economic uncertainty [5][9] - Housing prices have risen over 45% since 2020, with the median home price exceeding $430,000, creating affordability issues [9] Company Strategy and Development Direction - The company is focused on its Vision 2030 strategy, emphasizing product innovation, operational excellence, and strategic M&A to enhance capabilities [10][18] - Recent acquisitions are expected to create value by expanding capabilities and addressable markets, with a goal of two to three acquisitions each year [14][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to create shareholder value despite near-term challenges, citing strong demand for reroofing and ongoing innovation [9][10] - The company revised its full-year 2025 guidance to flat revenue, anticipating continued macroeconomic and distribution channel uncertainties [17][24] Other Important Information - The company repurchased 800,000 shares for $300 million and raised its dividend by 10%, marking the 49th consecutive annual increase [10][16] - The company expects to generate approximately $1 billion of cash flow from operating activities this year, supporting ongoing investments and capital returns [17][24] Q&A Session Summary Question: Impact of destocking in Q3 and outlook for Q4 - Management noted normal seasonal patterns for destocking, with some additional effects from M&A integration, but no major impact expected [33][35] Question: Leveraging the Carlisle experience in a competitive environment - Management highlighted the importance of efficient labor use and enhanced customer service to gain market share amid declining new construction [40][41] Question: Pricing outlook and CapEx investments - Pricing for CCM is expected to remain flat, while CapEx guidance was slightly reduced due to ambitious project timelines [47][48] Question: Price versus volume dynamics in CCM - Pricing was flat in the CCM segment, with volume also flat, and raw material costs negatively impacting results [56][58] Question: Outlook for EBITDA margins in Q4 - Expected adjusted EBITDA margin for CCM in Q4 is around 26%, with CWT margins expected to decline due to lower organic volumes [63][64] Question: Market share outlook amid distribution disruptions - Management indicated no long-term changes in market share, with temporary effects due to distributor channel issues expected to resolve [66][67] Question: Direct sales model positioning - The company has lagged competitors in direct sales but is adapting to market changes and enhancing direct engagement with end users [73][75] Question: Pricing expectations for CWT amid raw material pressures - Pricing for CWT is expected to decline slightly, with mixed trends in raw material costs impacting pricing strategies [89]

Financial Data and Key Metrics Changes - Q3 revenues reached $1.3 billion, a 1% increase year-over-year, slightly below previous expectations [6][19] - Adjusted EPS for Q3 was $5.61, down 3% compared to the previous year [20] - Adjusted EBITDA for the quarter was $349 million, resulting in an adjusted EBITDA margin of 25.9%, a decrease of 170 basis points from the prior year [20][24] Business Line Data and Key Metrics Changes - CCM reported Q3 revenue of $1 billion, essentially flat year-over-year, with adjusted EBITDA of $303 million and a margin of 30.2%, down 260 basis points [21][22] - CWT reported Q3 revenue of $346 million, up 3% year-over-year, but organic revenue declined 8% due to lower volumes [22][24] Market Data and Key Metrics Changes - The ongoing challenges in new construction are attributed to higher interest rates, affordability issues, and economic uncertainty [5][9] - Housing prices have risen over 45% since 2020, with the median home price exceeding $430,000, creating significant affordability challenges [9] Company Strategy and Development Direction - The company is focused on its Vision 2030 strategy, emphasizing product innovation, operational excellence, and strategic M&A to enhance capabilities and expand markets [10][18] - Recent acquisitions are expected to create value and expand market share, with a goal of two to three acquisitions annually [14][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to create shareholder value despite near-term challenges, citing strong demand for reroofing and ongoing innovation [10][17] - The company revised its full-year 2025 guidance to flat revenue, anticipating continued pressures from macroeconomic factors [17][24] Other Important Information - The company repurchased 800,000 shares for $300 million and raised its dividend by 10%, marking the 49th consecutive annual increase [10][16] - The company expects to generate approximately $1 billion in cash flow from operating activities this year, supporting ongoing investments and capital returns [17][24] Q&A Session Summary Question: Impact of destocking in Q3 and outlook for Q4 - Management noted normal seasonal patterns for destocking, with some additional effects from distributor adjustments due to M&A activities [34][35] Question: Leveraging the Carlisle experience in a competitive environment - The company is enhancing its customer service capabilities to help contractors operate more efficiently, which is crucial in a labor-constrained market [40][42] Question: Willingness to invest in the business amid current cash flows - Management highlighted ongoing investments in R&D and customer insights to ensure strong product development pipelines [44][46] Question: Pricing outlook in CCM and CWT segments - Pricing in CCM is expected to remain flat, while CWT may see a slight decline due to market pressures [62][63] Question: Nature of distribution disruption and resolution - Management indicated that the disruption was due to various factors related to integration and management changes, but expects resolution in 2026 [88][89]

Third Quarter 2025 Earnings Call October 29, 2025 Forward Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as "expect," "foresee," "anticipate," "believe," "project," "should," "estimate," "will," "plans," "intends," "forecast," and similar expressions, and reflect our expectations concerning the future. Such statements are made ...

Group 1 - CEMEX, S.A.B. de C.V. reported Q3 '25 results, indicating a continuation of improving margins despite declining volumes due to strong pricing capability [1] Group 2 - The company has shown resilience in its operational performance, focusing on long-term earnings power and competitive dynamics within the industry [2] - The analysis emphasizes a buy-and-hold strategy, suggesting that only a small fraction of companies should be considered for purchase at any given time [2]

Core Viewpoint - James Hardie Industries plc (NYSE:JHX) is a leading player in the fiber cement products market, primarily serving the construction industry, with a notable presence in North America, Europe, and Asia-Pacific [1] Company Overview - The company is recognized for its innovative building materials and competes with firms like Boral Limited and CSR Limited in the building materials sector [1] Stock Performance - As of the latest update, JHX is priced at $22.39, reflecting a recent increase of $0.41, or 1.87%, with a market capitalization of approximately $12.95 billion [4][5] - The stock has experienced a yearly high of $37.65 and a low of $17.85, indicating significant volatility [4] Analyst Insights - Oppenheimer analyst Tyler Batory has set a price target of $28 for JHX, suggesting a potential upside of about 25.06% from the current price [2][5] Legal Challenges - The company is currently facing a securities class action lawsuit, which may influence investor sentiment. The lawsuit targets investors who purchased shares between May 20, 2025, and August 18, 2025 [2][3][5]

Core Insights - Vulcan Materials (VMC) is expected to report quarterly earnings of $2.68 per share, reflecting a 20.7% increase year-over-year, with revenues projected at $2.25 billion, a 12.5% increase from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 3.3% in the last 30 days, indicating analysts' reassessment of their initial projections [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast 'Net Sales- Aggregates' at $1.77 billion, a 12.8% increase year-over-year [5]. - The consensus estimate for 'Net Sales- Concrete' is $212.85 million, suggesting a 22.1% year-over-year increase [5]. - 'Net Sales- Asphalt' is estimated at $404.86 million, reflecting a 6.2% increase from the previous year [5]. Unit Sales and Prices - The average unit sales price per ton for Aggregates is expected to reach $22.42, up from $21.27 in the same quarter last year [6]. - 'Unit shipments - Aggregates' are projected at 62,556 thousand tons, compared to 57,700 thousand tons a year ago [6]. - 'Unit shipments - Asphalt mix' are expected to be 4,174 thousand tons, up from 4,100 thousand tons last year [7]. - 'Unit shipments - Ready-mixed concrete' are forecasted at 1,140 thousand cubic yards, compared to 900 thousand cubic yards last year [7]. - The average unit sales price per ton for Asphalt mix is projected to be $84.90, up from $80.88 last year [8]. - The average unit sales price per cubic yard for Ready-mixed concrete is expected to reach $190.20, compared to $185.61 last year [8]. Gross Profit Estimates - 'Gross profit- Aggregates' is expected to reach $614.42 million, compared to $498.50 million last year [9]. - 'Gross Profit- Asphalt' is projected at $62.95 million, up from $60.20 million in the same quarter last year [9]. - 'Gross Profit- Concrete' is estimated to be $15.85 million, compared to $6.50 million last year [10]. Stock Performance - Vulcan's shares have decreased by 4.9% over the past month, contrasting with a 3.8% increase in the Zacks S&P 500 composite [10]. - With a Zacks Rank 2 (Buy), VMC is anticipated to outperform the overall market in the near future [10].