Fiber cement maker James Hardie's second-quarter profit rises 67%
JHX•James Hardie reported adjusted net income of $248.5 million for the three months ended September 30, up from $148.4 million a year earlier and above the $218.9 million consensus estimate.
1. Profit growth
James Hardie reported second-quarter adjusted net income of $248.5 million, compared with $148.4 million last year. The result beat the Visible Alpha consensus estimate of $218.9 million.
2. Drivers
The company attributed the increase to strong performance in its North America fiber cement segment and ahead-of-schedule cost synergies from the AZEK acquisition.
