James Hardie restores investor faith after sales, earnings beat

James Hardie has upgraded its sales and earnings forecasts, despite ongoing sluggishness in the United States housing market, as the building products group looks to move on from a turbulent period marked by an investor backlash over its $14 billion acquisition of outdoor decking company Azek.

The company now expects sales revenue for the quarter ended June 30 at between $US1.45 billion ($2.07 billion) and $US1.47 billion, up from between $US1.31 billion and $US1.35 billion forecast previously. Its shares jumped 6.4 per cent to $37.09 in Thursday trading on the ASX following the announcement.

Source: https://www.afr.com/companies/manufacturing/james-hardie-restores-investor-faith-after-sales-earnings-beat-20260723-p60hug