James Hardie Q3 Sales Rise 30.1% to $1.24B, EPS Surprises 6.7%
James Hardie Industries reported Q3 revenue of $1.24B, up 30.1% year-over-year, beating estimates by 2.7%, while EPS fell to $0.24 from $0.36 but topped forecasts by 6.7%. Siding & Trim revenue rose to $788.3M vs $772.8M expected and Europe segment revenue jumped to $130.9M vs $120.96M.
1. Q3 Financial Results
James Hardie posted Q3 revenue of $1.24 billion, a 30.1% increase year-over-year, and delivered EPS of $0.24 versus $0.36 a year ago, representing a 6.7% beat on consensus estimates. The top-line surprise of 2.7% underscores robust demand across core markets despite narrower margins.
2. Segment Performance Metrics
Siding & Trim revenue reached $788.3 million against a $772.8 million forecast, Deck, Rail & Accessories hit $194.1 million versus $189.1 million expected, Australia & New Zealand produced $126.5 million over $124.3 million estimates, and Europe generated $130.9 million compared with $121.0 million. Adjusted EBITDA for Siding & Trim was $268.6 million vs $253.9 million forecast, Deck, Rail & Accessories delivered $48.7 million vs $47.8 million, Europe EBITDA climbed to $16.6 million vs $14.0 million, while Australia & New Zealand landed at $41.2 million vs $41.9 million.
3. Market Reaction
Shares gained 0.7% over the past month while the broader market remained flat, reflecting positive investor response to the quarter’s revenue beat and segment strength.