James Hardie Industries Reaffirms FY25 Guidance

Author: Benzinga Newsdesk | August 12, 2024 06:00pm

"We continue to expect the North American market for exterior products to be down low to mid-single digits over the course of our fiscal year, and now anticipate that the market backdrop will be particularly challenging during our fiscal second quarter. However, despite these headwinds, we remain well-positioned to achieve full year results within the ranges we provided at the beginning of the year..."

Q2 FY25 Guidance

• North American volumes to be in the range of 705 million to 735 million standard feet
• North American EBIT margin to be in the range of 27.5% to 29.5%
• Adjusted Net Income to be in the range of $135 million to $155 million

Full Year FY25 Guidance

• North American Volumes: 2.95 to 3.15 billion standard feet (unchanged)
• North American EBIT Margin: 29% to 31% (unchanged)
• Adjusted Net Income: $630 million to $700 million (unchanged)
• Capital Expenditures: $500 million to $550 million (unchanged)

Posted In: JHX