James Hardie (AU:JHX)
ASX:JHX
Earnings Data
Report Date
May 26, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.43Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but constructive picture: strong reported results driven by the AZEK acquisition (total net sales +30%, adjusted EBITDA $330M) and clear progress on cost and commercial synergies, TimberTech outperformance, and targeted actions (plant optimization, salesforce reorganization, product/installation innovation). Offsetting this were continued organic softness in core fiber cement volumes (single-family and interiors declines), regionally weak new construction, modest input inflation, integration-related cash/seasonal timing headwinds, and elevated pro-forma leverage (~3x). Management expressed confidence in achieving $125M cost and $125M revenue synergies and returning to organic growth in FY27, but near-term execution, market demand normalization, and deleveraging remain material risks.Company Guidance
Combined Revenue and EBITDA Strength
Total net sales grew 30% year-over-year to $1,240,000,000 (including $275M of acquired AZEK sales); organic sales +1%. Adjusted EBITDA was $330,000,000 with a 26.6% adjusted EBITDA margin.
Siding & Trim Profitability and Sequential Margin Improvement
Siding and Trim adjusted EBITDA of $269,000,000 with a 34.1% adjusted EBITDA margin. Management cited a nearly 500 basis point sequential improvement driven largely by price/mix favorability.
TimberTech Outperformance and Decking Momentum
TimberTech delivered mid-single-digit sell-through growth and outperformed a decking market that declined low-single-digits. Deck, Rail & Accessories adjusted EBITDA was $49,000,000 (25.1% margin). Company projects Deck, Rail & Accessories net sales of $787M–$800M and adjusted EBITDA of $219M–$224M for the post-close FY26 period.
Acquisition Integration Progress and Synergies
Company has already surpassed its FY26 cost synergy goal, expresses confidence in achieving $125,000,000 of annualized cost synergies and targets $125,000,000 of revenue synergies run-rate exiting FY27. Early commercial wins and distributor/dealer commitments were highlighted as evidence of momentum.
Regional & International Growth Pockets
Australia & New Zealand net sales up 7% (1% volume growth, +6% ASP); adjusted EBITDA $41M (32.6% margin). Europe net sales up 13% (3% in euros) with EBITDA margin up ~240 bps to 12.7%, driven by volume leverage and lower input costs.
Manufacturing Optimization Cost Savings
Announced closure of two older plants (announced Jan 15) to concentrate production on newer lines; expected annualized cost savings of approximately $25,000,000 beginning in FY27.
Cash Flow, CapEx and Leverage Plan
Year-to-date free cash flow $261,000,000 (includes Australia land sale). Company expects at least $200,000,000 free cash flow for FY26, CapEx guidance c.$400,000,000 (including $75M for AZEK). Net debt ended the quarter at $4.3B; pro forma net leverage ~3x with a commitment to reduce leverage below 2x within two years post-close.
Tax & Interest Metrics
Adjusted effective tax rate for the quarter was 17.3%; full-year tax rate now expected around ~19%. Adjusted net interest was $68,000,000 for the quarter; adjusted net income $142,000,000 and adjusted diluted EPS $0.24.
Product & Commercial Innovation
Ongoing product innovation (example: Timberhue) and new installation techniques (score-and-snap, trim-over) intended to reduce installed cost and increase contractor efficiency (management cited ~30% efficiency improvement potential).
AU:JHX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:JHX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | AU$33.24 | AU$36.87 | +10.92% |
Nov 17, 2025 | AU$25.43 | AU$27.94 | +9.87% |
Aug 19, 2025 | AU$44.34 | AU$32.00 | -27.83% |
May 20, 2025 | AU$38.49 | AU$36.11 | -6.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does James Hardie (AU:JHX) report earnings?
James Hardie (AU:JHX) is schdueled to report earning on May 26, 2026, TBA (Confirmed).
What is James Hardie (AU:JHX) earnings time?
James Hardie (AU:JHX) earnings time is at May 26, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of James Hardie stock?
The P/E ratio of James Hardie is N/A.
What is AU:JHX EPS forecast?
AU:JHX EPS forecast for the fiscal quarter 2026 (Q4) is 0.43.