JHX

EX-99.1

2 ex992erq1fy27.htm

EX-99.1

Document

Earnings Release

August 6, 2026

Exhibit 99.1

James Hardie Reports First Quarter FY27 Results; Raises FY27 Outlook

First Quarter Highlights

Net Sales of $1.475 Billion, an Increase of 64% Year Over Year; Pro Forma Net Sales Increased 12%, Exceeding Original Guidance

Siding & Trim Net Sales of $860 Million; North American Fiber Cement Up 20% Organically

Net Income of $104 Million; Adjusted EBITDA of $422 Million, Exceeding Original Guidance

Cost Synergies Ahead of Schedule; Revenue Synergies On Track

FY27 Outlook

Raising Full-Year Outlook

Targeting Pro Forma Sales Growth of 5.9% to 9.0% and Pro Forma Adjusted EBITDA Growth of 7.4% to 13.7% for full year FY27; Organic Growth Expected in Siding & Trim for remainder of the year

FY27 Free Cash Flow Target of $500+ Million Reaffirmed, Reflecting an Increase of More than $200 Million Year Over Year

James Hardie Industries plc (NYSE / ASX : JHX) ("James Hardie" or the "Company"), a leading provider of exterior home and outdoor living solutions, today announced results for its first quarter ended June 30, 2026.

Beginning in the first quarter FY27, the Company revised the definitions of certain non-GAAP financial measures, including Adjusted EBITDA, to exclude share-based compensation costs. The Company believes that this provides greater transparency into the underlying operating performance of the business and enhances comparability with peers. This presentation affects only how we calculate non-GAAP measures, each of which is reconciled to the most directly comparable GAAP measure in the accompanying tables, where the share-based compensation adjustment is shown separately. Such non-GAAP financial measures for prior periods presented herein have been recast to reflect this change.

Aaron Erter, CEO of James Hardie, said, "In the first quarter, we delivered sales and adjusted EBITDA ahead of our original guidance. The above-market performance was driven primarily by strong double-digit sell-through in Siding & Trim, reflecting the success of our growth initiatives, underlying demand for our products, and lapping an inventory reduction from a year ago. Deck, Rail & Accessories delivered near double-digit sell-through alongside continued channel inventory normalization. In addition, Europe and Australia & New Zealand both experienced double-digit revenue growth."

Mr. Erter added, "We are encouraged by the traction from our sales initiatives to grow the fiber cement business, continued material conversion in decking, and positive contributions from both sales and cost synergies. Our commercial synergy momentum continues to build, highlighted by our recently announced expanded nationwide partnerships with Boise Cascade and major regional distributors."

Mr. Erter concluded, "Our strong first-quarter results reflect disciplined execution and continued above-market growth, rather than a meaningful improvement in the underlying U.S. housing market. We are not assuming a housing market improvement, but our performance and growth expectations support raising our full-year outlook. We remain firmly committed to our fiscal 2027 priorities: returning fiber cement to growth, outperforming the market, expanding Adjusted EBITDA, achieving cost and revenue synergies, and driving a meaningful step-up in free cash flow to support continued deleveraging. We look forward to sharing more on our long-term strategy and value creation opportunities at our Investor Day in New York City in September."

Pro forma comparisons reflect the AZEK acquisition for periods prior to July 1, 2025. Organic net sales comparisons exclude the impact of the AZEK acquisition.

Earnings Release: James Hardie - First Quarter Ended June 30, 2026

1

Earnings Release

August 6, 2026

Consolidated Financial Information

Q1 FY27Q1 FY26Change

Group (US$ millions, except per share data)

Net Sales1,474.6 899.9 +64%

Operating Income217.7 138.6 +57%

Operating Income Margin14.8%15.4%(60bps)

Net Income 104.3 62.6 +67%

Net Income per common share - Diluted0.18 0.15 +23%

Net Income Margin7.1%7.0%+10bps

Adjusted Net Income209.3 136.1 +54%

Adjusted Diluted Earnings Per Share0.36 0.32 +13%

Adjusted EBITDA422.1 236.4 +79%

Adjusted EBITDA Margin 28.6%26.3%+230bps

Earnings Release: James Hardie - First Quarter Ended June 30, 2026

2

Earnings Release

August 6, 2026

Segment Business Update and Results

Siding & Trim

Q1 FY27Q1 FY26Change

Siding & Trim(US$ millions)

Net Sales859.8 641.8 +34%

Operating Income214.9 161.2 +33%

Operating Income Margin 25.0%25.1%(10bps)

Adjusted EBITDA287.7 205.8 +40%

Adjusted EBITDA Margin 33.5%32.1%+140bps

Siding & Trim net sales increased 34% compared to the quarter ended June 30, 2025, driven by low-double-digit volume increase in Fiber Cement, strong price/mix realization, and the contribution from AZEK Exteriors not in the prior period. On an organic basis, net sales increased 20%, led by a return to volume growth

jhx-20260722

false000115915200011591522026-04-012026-04-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 22, 2026

JAMES HARDIE INDUSTRIES plc

(Exact name of registrant as specified in its charter)

Ireland

(State or other jurisdiction of

incorporation or organization)

1-15240

(Commission File Number)

98-0382260

(I.R.S. Employer Identification Number)

1st Floor, Block A

One Park Place

Upper Hatch Street, Dublin 2

D02 FD79 Ireland

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: (353) 1411 6924

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Ordinary shares, 0.59 Euro par value per share

JHX

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02 - Results of Operations and Financial Condition.

On July 22, 2026, James Hardie Industries plc (the “Company”) released preliminary expected financial results for the fiscal quarter ended June 30, 2026. The Company provided this update in accordance with its continuous disclosure obligations under Australian Stock Exchange Listing Rule 3.1. A copy of the press release is furnished as Exhibit 99.1 to this report.

In accordance with General Instructions B.2 of Form 8-K, the information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 - Financial Statements and Exhibits.

(d) The following exhibits are being filed herewith:

Exhibit No.

Description

99.1

Press release dated July 22, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 23, 2026

JAMES HARDIE INDUSTRIES plc

By:

/s/ Ryan Lada

Name:

Ryan Lada

Title:

Chief Financial Officer

EX-99.1

2 ex992erq4fy26.htm

EX-99.1

Document

Earnings Release

May 19, 2026

Exhibit 99.1

James Hardie Reports Fourth Quarter FY26 and Full-Year FY26 Results; Provides FY27 Outlook

Fourth Quarter Highlights

Net Sales of $1.40 Billion, an Increase of 45% Year Over Year; Organic Net Sales Decreased 1%

Net Income of $29 Million, Adjusted EBITDA of $381 Million, Exceeding Guidance and Expectations

Full Year Highlights

Net Sales of $4.84 Billion, an Increase of 25% Year Over Year; Organic Net Sales Decreased 2%

Net Income of $104 Million, Adjusted EBITDA of $1.27 Billion, Exceeding Guidance and Expectations

Cost Synergies Ahead of Schedule, Commercial Synergies On Track

FY27 Outlook

Company Targeting Pro Forma Adjusted EBITDA Growth of 4% to 8% in FY27; Organic Growth Expected in Siding & Trim

FY27 Free Cashflow of $500+ Million Expected, an Increase of more than $200+ Million Year Over Year

James Hardie Industries plc (NYSE / ASX : JHX) ("James Hardie" or the "Company"), a leading provider of exterior home and outdoor living solutions, today announced results for its fourth quarter ending March 31, 2026.

Aaron Erter, CEO of James Hardie said, "We delivered Adjusted EBITDA above our guidance range in the fourth quarter, reflecting disciplined execution and the strength of our business model in a challenging operating environment. Despite unfavorable weather in February and early March that impacted reported results and disrupted construction activity across key regions, the business delivered underlying performance that exceeded expectations."

Mr. Erter added, “Fiscal 2026 was a transformational year for James Hardie, highlighted by the closing of the AZEK acquisition. As we integrate the businesses, we are seeing continued progress across both cost and commercial synergies, further strengthening our belief in the long-term value creation opportunity from the combination. For the full fiscal year, we delivered solid financial performance despite a challenging operating environment. Despite our markets declining mid-to-high single digits for the year, our organic net sales declined just 2% year over year. We finished the year with Adjusted EBITDA of $1.27 billion and Adjusted EBITDA margin of 26.2%. We delivered strong flow-through on our cost actions and realized meaningful benefits from the operational initiatives implemented throughout the year, positioning the business for improved margin performance moving forward.”

Mr. Erter concluded, “Inflationary and affordability pressures continue to weigh on housing activity. We are focused on what we can control: our cost base, pricing discipline, and providing exceptional products and service to our customers. Against that backdrop, we enter fiscal year 2027 with confidence. We see customers responding to our differentiated products, strong brands, and go to market strategy of the combined company. We are making solid progress on the integration and have surpassed our FY26 cost synergy target. That puts us ahead of plan and increases our confidence in achieving our $125 million cost synergy target ahead of our original three-year timeline. On the commercial front, based on recently signed agreements and the activity

Note: Pro forma comparisons reflect the AZEK acquisition for periods prior to July 1, 2025. Organic net sales comparisons exclude the impact of the AZEK acquisition, as well as the impact of exiting our Philippines business in Q2 FY25.

Earnings Release: James Hardie - Fourth Quarter Ended March 31, 2026

1

Earnings Release

May 19, 2026

we’re seeing in the market, we have confidence in reaching our $125 million run-rate commercial synergy milestone exiting FY27. We also expect a meaningful step-up in Free Cash Flow to greater than $500 million in FY27. This will be driven by higher Adjusted EBITDA as we realize both cost and commercial synergies, a reduction in one-time integration and transaction-related costs, and continued discipline around capital spending and working capital. As these factors come together, cash conversion will improve, giving us greater flexibility to reduce leverage over time.”

Consolidated Financial Information

Q4 FY26Q4 FY25ChangeFY26FY25Change

Group (US$ millions, except per share data)

Net Sales1,403.9  971.5  +45%4,835.8  3,877.5  +25%

Operating Income108.8  62.1  +75%447.6  655.9  (32%)

Operating Income Margin7.7%6.4%+130bps9.3%16.9%(760bps)

Net Income 28.5  43.6  (35%)104.0  424.0  (75%)

Net Income per common share - Diluted0.05  0.10  (51%)0.19  0.98  (81%)

Net Income Margin2.0%4.5%(250bps)2.2%10.9%(870bps)

Adjusted Net Income172.6  156.1  +11%595.7  644.3  (8%)

Adjusted Diluted Earnings Per Share0.30  0.36  (19%)1.09 1.49  (27%)

Adjusted EBITDA380.9  268.6  +42%1,265.8  1,079.4  +17%

Adjusted EBITDA Margin 27.1%27.6%(50bps)26.2%27.8%(160bps)

Earnings Release: James Hardie - Fourth Quarter Ended March 31, 2026

2

Earnings Release

May 19, 2026

Segment Business Update and Results

Sidin