By Digifin Pty Ltd · About this coverage
Key Points
- Q2 continuing operations net sales of US$1,428.2 million, up 24%
- Q2 Adjusted EBITDA of US$454.7 million, up 44%, at a 31.8% margin
- FY27 free cash flow target raised to more than US$650 million
- FY27 net sales and Adjusted EBITDA guidance reaffirmed
- US$111 million of term loan debt repaid in the quarter
About James Hardie (ASX:JHX)
James Hardie Industries plc is a building products manufacturer incorporated in Ireland and run from Dublin. Its largest business makes fibre cement exterior cladding, trim and backerboard for houses, and since acquiring The AZEK Company in 2025 it also produces composite decking, railing and outdoor living products. Its ordinary shares are listed on the New York Stock Exchange and CHESS Units of Foreign Securities are quoted on the ASX under the code JHX.
James Hardie (ASX:JHX) lodged its second-quarter FY27 results, reaffirming its consolidated full-year net sales and Adjusted EBITDA guidance and raising its free cash flow target to more than US$650 million.
Continuing operations net sales were US$1,428.2 million in the quarter ended 30 September 2026, up 24%, and Adjusted EBITDA was US$454.7 million, up 44%, at a margin of 31.8%, up 450bps. Net income from continuing operations was US$149.8 million, against a loss of US$64.3 million a year earlier. Siding & Trim net sales rose 15% to US$880.3 million, Deck, Rail & Accessories rose 51% to US$387.0 million, and Australia & New Zealand net sales rose 21% to US$160.9 million, or 12% in Australian dollars to A$227.9 million. First-half free cash flow was US$535.4 million, and US$111 million of term loan debt was repaid in the quarter. Full-year planning assumptions are Total Net Sales of US$4.990 to US$5.133 billion and Total Adjusted EBITDA of US$1.446 to US$1.534 billion, and third-quarter guidance is Total Adjusted EBITDA of US$298 to US$320 million. European operations are reported as discontinued pending their sale, and the company expects to apply approximately US$600 million of the proceeds to debt repayment.
Adjusted EBITDA is a non-GAAP measure, redefined from Q1 FY27 to exclude share-based compensation. The company expects lower Adjusted EBITDA in the third quarter and second half, the Europe sale has not completed, and no dividend was declared.
Source: James Hardie Industries plc (ASX:JHX), 6 November 2026. Summary content supplied by Digifin Pty Ltd.
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