James Hardie's FY27 earnings forecast misses estimates on persistent US housing weakness
JHX•James Hardie forecast FY27 adjusted EBITDA of $1.45 billion to $1.53 billion, below the $1.58 billion consensus estimate, and expects lower adjusted EBITDA in the second half. Its shares fell as much as 8.3%.
1. FY27 outlook
James Hardie Industries warned that weaker second-half earnings will reflect seasonality in its Deck, Rail & Accessories segment, incremental freight costs and a weaker macro environment. CEO Aaron Erter said the company’s plan “does not depend on a near-term recovery” in the US housing market.
2. Quarterly results
Adjusted net income rose 67% to $248.5 million for the three months ended September 30, above the Visible Alpha consensus estimate of $218.9 million. Sales at Siding & Trim, its biggest profit-generating segment, increased 15%, supported by fiber cement volume growth and favorable price realization. Its ASX-listed shares fell as much as 8.3%.
