Exchange: NYSE·Updated 07:38 PM EDT
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JHX James Hardie Industries SE

$25.65
$0.09
(0.35%)
Today
Closed $25.82
$0.17
(0.66%)
After Hours
EarningsNov 5
Mkt Cap$14.99B
Vol71.12M

About JHX

James Hardie Industries Plc engages in the provision of fiber cement and fiber gypsum building solutions. It operates through the following segments: Siding and Trim; Deck, Rail, and Accessories; Australia and New Zealand; and Europe. The Siding and Trim segment refers to the legacy north America fiber cement segment and the acquired exteriors business from AZEK. The Deck, Rail, and Accessories segment focuses on AZEK's deck, rail, and accessories business. The Australia and New Zealand segment includes fiber cement products manufactured in Australia and sold in Australia and New Zealand. The Europe segment relates to fiber gypsum products and cement bonded boards manufactured in Europe, and fiber cement products manufactured in the United States that are sold in Europe. The company was founded in 1888 and is headquartered in Dublin, Ireland.
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Fitch Ratings affirmed James Hardie International Group’s long-term issuer default rating at BBB and revised its outlook to Stable from Negative following the company’s agreement to sell its European business. Fitch also affirmed BBB+ ratings on its senior secured bonds, term loans and revolving credit facility. James Hardie agreed to sell Fermacell, its European wall and flooring solutions business, to Holcim for approximately €840 million ($980 million), implying an 11.5x fiscal 2026 EBITDA multiple. The deal is expected to close in the first half of 2027, subject to customary conditions. James Hardie also plans to exit its European fiber-cement business. Fitch expects free cash flow and about $600 million in net sale proceeds to support further debt reduction. Adjusted leverage fell from 3.9x at fiscal 2026 year-end to 3.2x after the company prepaid $400 million of senior unsecured notes, with Fitch forecasting leverage to decline toward 2.5x by fiscal 2027. $JHX

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