James Hardie Industries plc · Q1 2026 earnings

Briefing

James Hardie Q2 FY26 net sales jump 34% to $1.29B on AZEK; adjusted EBITDA $330M, guidance raised

James Hardie Industries reported fiscal second-quarter 2026 (quarter ended September 30, 2025) net sales of $1,292.2 million, up 34% year over year, primarily reflecting the AZEK acquisition closed July 1, 2025; organic net sales declined 1%. Adjusted EBITDA rose 25% to $329.5 million (25.5% margin). GAAP operating income was $24.0 million and the company posted a net loss of $55.8 million ($0.10 diluted EPS) due to acquisition-related costs; adjusted net income was $154.0 million ($0.26 adjusted diluted EPS). Siding & Trim net sales grew 10% to $766.0 million (organic down low-single-digits) and Deck, Rail & Accessories contributed $255.8 million with mid-single-digit organic growth. Management raised FY26 total adjusted EBITDA guidance to $1.20–1.25 billion.

• Net sales rose 34% YoY to $1.29B (+34% inorganic from AZEK); organic net sales down 1%
• Adjusted EBITDA grew 25% to $329.5M (25.5% margin); adjusted EPS $0.26 vs. $0.36 YoY
• Siding & Trim sales $766M (+10%); organic volumes soft in Single-Family Exteriors in the South
• Deck, Rail & Accessories net sales $255.8M with +6% organic growth and mid-single-digit sell-through
• FY26 adjusted EBITDA guidance raised to $1.20–1.25B; AZEK cost synergies ahead of plan

Headline financials

Revenue & EPS history

FY26 guidance raised: Siding & Trim net sales $2.925–2.995B, Deck/Rail/Accessories $780–800M, and total adjusted EBITDA $1.20–1.25B (prior $1.05–1.15B); free cash flow at least $200M unchanged.