ASX$JHX
James Hardie Industries plc · Q4 2026 earnings
Q4 2026 earnings · · After market close · Investor relations
Briefing
James Hardie Q1 FY26: $900M net sales down 9% YoY, adjusted EPS $0.29 as soft housing demand and inventory normalization weigh
James Hardie Industries reported first quarter fiscal 2026 results for the period ended June 30, 2025, with net sales of US$899.9 million, down 9% from US$991.9 million in the prior-year quarter. Operating income fell 41% to US$138.6 million (15.4% margin) and net income declined 60% to US$62.6 million, while adjusted net income was US$126.9 million and adjusted diluted EPS was US$0.29 versus US$0.41 a year ago. Adjusted EBITDA was US$225.5 million with a 25.1% margin. North America Fiber Cement net sales decreased 12% to US$641.8 million on lower volumes from soft market demand and customer inventory management, partially offset by higher average net sales price. Asia Pacific net sales fell 10% to US$121.6 million while Europe Building Products grew 7% to US$136.5 million. The company closed its AZEK acquisition on July 1, 2025 and issued FY26 guidance including total adjusted EBITDA of US$1.05–$1.15 billion and free cash flow of at least US$200 million.
- Net sales of $899.9M (-9% YoY) reflected channel inventory normalization and softer North American new construction and R&R demand
- Adjusted diluted EPS of $0.29 vs $0.41 prior year; GAAP diluted EPS was $0.15 on $62.6M net income
- North America Fiber Cement sales fell 12% to $641.8M with adjusted EBITDA margin down 400bps to 32.1% on lower volume absorption
- AZEK acquisition closed July 1, 2025; reporting will shift to four segments starting Q2 FY26 including Deck, Rail & Accessories
- FY26 guidance: Siding & Trim sales $2.675–$2.850B, Deck/Rail/Accessories $775–$800M, adjusted EBITDA $1.05–$1.15B, FCF at least $200M
Headline financials
Revenue & EPS history
James Hardie · Revenue · Quarterly
$900M
Forward guidance
For FY26 James Hardie expects net sales of $2.675–$2.850 billion for Siding & Trim and $775–$800 million for Deck, Rail & Accessories (including three quarters of AZEK), total adjusted EBITDA of $1.05–$1.15 billion, and free cash flow of at least $200 million after ~$315M of incremental interest and integration costs.
Tailwinds
- AZEK June quarter exceeded guidance with mid-single-digit Deck, Rail & Accessories sell-through growth
- Europe net sales rose 7% with EBITDA margin up 50bps to 16.0%
- Multi-year national exclusivity wins including Beazer Homes support long-term share gains
Headwinds
- Near-term North America demand challenged by affordability, elevated housing inventory, and channel inventory calibration
- Management now assumes end-market demand could decline mid-single digits with softer single-family new construction than prior expectations
- FY26 free cash flow guidance includes ~$315MM headwind from AZEK-related interest and transaction/integration costs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2026
+0.0%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+0.9%
Avg return
30 days after
9%
4 / 45 earnings
Positive
+18.8%
Q1 2024
Best reaction
-34.4%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +1.3% | +0.4% | +9.3% | |
| Q2 2026 | +6.8% | +11.9% | +22.1% | |
| Q1 2026 | -34.4% | -30.3% | -32.2% | |
| Q4 2026 | -4.9% | +3.1% | +18.9% | |
| Q2 2024 | +0.0% | +8.7% | +22.4% | |
| Q1 2024 | +18.8% | +11.3% | +8.9% | |
| Q4 2023 | +0.0% | +8.8% | +18.4% | |
| Q3 2023 | +0.0% | +0.4% | -10.3% | |
| Q2 2023 | +0.0% | -7.6% | -13.6% | |
| Q1 2023 | +0.0% | -4.8% | -12.8% | |
| Q4 2022 | +0.0% | -4.9% | -24.8% | |
| Q3 2022 | +0.0% | +1.8% | -5.6% | |
| Q2 2022 | +0.0% | +1.4% | +0.9% | |
| Q1 2022 | +0.0% | +7.8% | +11.9% | |
| Q4 2021 | +0.0% | -3.2% | +4.3% | |
| Q3 2021 | +13.4% | +5.3% | -5.1% | |
| Q2 2021 | +0.0% | +4.5% | +1.5% | |
| Q1 2021 | +0.0% | -0.0% | +1.0% | |
| Q4 2020 | +0.0% | +13.1% | +35.4% | |
| Q3 2020 | +0.0% | -6.2% | -32.0% | |
| Q2 2020 | +0.0% | +14.2% | +15.2% | |
| Q1 2020 | +0.0% | +14.5% | +19.6% | |
| Q4 2019 | +0.0% | +0.9% | +2.0% | |
| Q3 2019 | +0.0% | +6.4% | +19.4% | |
| Q2 2019 | +0.0% | -22.9% | -25.5% | |
| Q1 2019 | +0.0% | -7.8% | -12.2% | |
| Q4 2018 | +0.0% | -2.6% | -4.5% | |
| Q3 2018 | +0.0% | -0.1% | -2.5% | |
| Q2 2018 | +0.0% | +7.9% | +13.9% | |
| Q1 2018 | +0.0% | -9.3% | -2.3% | |
| Q4 2017 | +0.0% | -7.8% | -6.2% | |
| Q3 2017 | +0.0% | -8.1% | -6.4% | |
| Q2 2017 | +0.0% | +1.6% | +6.6% | |
| Q1 2017 | +0.0% | +3.8% | -4.4% | |
| Q4 2016 | +0.0% | — | — | |
| Q2 2016 | +0.0% | — | — | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | +0.0% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q4 2013 | +0.0% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q4 2009 | +0.0% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q4 2010 | +0.0% | — | — |
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