JHX

EX-99.1

2 ex991erq2fy27.htm

EX-99.1

Document

Earnings Release

November 5, 2026

Exhibit 99.1

James Hardie Reports Second Quarter FY27 Results; Delivers Strong Growth and Reaffirms Fiscal 2027 Outlook

Second Quarter Net Sales of $1.564 Billion, including discontinued operations

Second Quarter Highlights (Continuing Operations)

Net Sales of $1.428 Billion, up 24% Year Over Year, at the High End of Guidance

Siding & Trim Net Sales of $880.3 Million, Above the High End of Guidance, Led by Continued Growth in Fiber Cement

Net Income margin of 10.5%; Adjusted EBITDA Margin of 31.8%, Above the High End of Guidance and up 450 Basis Points

Cost Synergies Ahead of Schedule; Revenue Synergies On Track

$111 Million of Term Loan Debt Repaid in the Quarter, Reached FY27 Leverage Target Ahead of Schedule

Consolidated FY27 Net Sales and Adjusted EBITDA Guidance Reaffirmed, Free Cash Flow Target Raised to More than $650 Million

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 second quarter ended September 30, 2026.

In August 2026, the Company announced the strategic divestiture of its European operations and the intended closure of its European fiber cement operations. Europe is therefore presented within discontinued operations, and unless otherwise noted, results and the outlook in this release are on a continuing operations basis, excluding Europe. 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.

Aaron Erter, CEO of James Hardie, said, "We delivered a strong second quarter, with sales from continuing operations up 24%, well above the market and at the high end of our guidance range. Adjusted EBITDA was above the guidance range, with margins expanding 450 basis points. North America fiber cement and Deck, Rail & Accessories both delivered double-digit sell-through growth, driven by consistent execution against our sales initiatives, material conversion opportunities and commercial synergies. Australia & New Zealand also delivered strong growth, driven by continued share gains."

Mr. Erter added, "We're focused on what we can control: accelerating material conversion, executing our growth initiatives, and driving continuous improvement through the Hardie Operating System. Our synergy momentum continues to build, with commercial synergies on track to reach our fiscal 2027 target and cost synergies ahead of schedule.

Mr. Erter concluded, "Halfway through the year, we are delivering on the commitments we set for fiscal 2027. While the U.S. housing market remains challenging, particularly new construction, our plan does not depend on a near-term recovery. Based on our broad set of self-help growth levers and our confidence in continuing to outperform the market, we are reaffirming our consolidated fiscal 2027 sales and Adjusted EBITDA outlook and raising our free cash flow target."

Earnings Release: James Hardie - Second Quarter Ended September 30, 2026

1

Earnings Release

November 5, 2026

Consolidated Financial Information

Q2 FY27Q2 FY26Change6 Months FY276 Months FY26Change

Group (US$ millions, except per share data)

Net Sales1,428.2 1,154.7 +24%2,746.4 1,918.1 +43%

Operating Income263.3 12.5 NM462.2 137.9 +235%

Operating Income Margin18.4%1.1%+1,730bps16.8%7.2%+960bps

Net Income (Loss) from Continuing Operations149.8 (64.3)NM240.4 (12.0)NM

Income from Discontinued Operations1.2 8.5 (86%)14.9 18.8 (21%)

Net Income (Loss) from Continuing Operations per common share - Diluted0.26 (0.11)NM0.41 (0.03)NM

Income from Discontinued Operations per common share - Diluted— 0.01 (100%)0.03 0.04 (25%)

Net Income (Loss) Margin from Continuing Operations10.5%(5.6%)NM8.8%(0.6%)NM

Net Income Margin from Discontinued Operations0.1%0.7%(60bps)0.5%1.0%(50bps)

Adjusted Net Income248.5 148.4 +67%443.2 272.6 +63%

Adjusted Diluted Earnings Per Share0.42 0.25 +68%0.76 0.54 +41%

Adjusted EBITDA454.7 314.9 +44%847.4 530.6 +60%

Adjusted EBITDA Margin 31.8%27.3%+450bps30.9%27.7%+320bps

NM - Not meaningful

Earnings Release: James Hardie - Second Quarter Ended September 30, 2026

2

Earnings Release

November 5, 2026

Segment Business Update and Results

Siding & Trim

Q2 FY27Q2 FY26Change6 Months FY276 Months FY26Change

Siding & Trim(US$ millions)

Net Sales880.3 766.0 +15%1,740.1 1,407.8 24%

Operating Income232.0 151.0 +54%446.9 312.2 43%

Operating Income Margin 26.4%19.7%+670bps25.7%22.2%+350bps

Adjusted EBITDA304.4 224.0 +36%592.1 429.8 38%

Adjusted EBITDA Margin 34.6%29.2%+540bps34.0%30.5%+350bps

Siding & Trim net sales increased 15% compared to the quarter ended September 30, 2025, led by continued fiber cement volume growth, favorable price/mix, and traction from our strategic growth initiatives.

Fiber cement volumes increased mid

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